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Bulgaria’s least indebted 50 companies in 2022

Bulgaria’s least indebted 50 companies in 2022

The average debt-to-asset ratio remains near 50%, narrowing slightly



The 50 most dynamic companies: Another burst of energy

The 50 most dynamic companies: Another burst of energy

Revenues of the fastest-growing large companies jumped by an average of 139% in 2022



Bulgaria: No Territorial transition plans, no EU billions for coal transition

Bulgaria: No Territorial transition plans, no EU billions for coal transition

The caretaker government’s decision to link territorial plans submission with Recovery Plan negotiation puts at risk 1.2 billion in funding for three regions transitioning away from coal




M&As in 2022: Mid-sized deals, cautious outlook

M&As in 2022: Mid-sized deals, cautious outlook

Market continued its recovery from the pandemic



Strange protests and even stranger anti-inflation measures, plus the new owner of the Maritza Iztok - 3 coal power plant

Strange protests and even stranger anti-inflation measures, plus the new owner of the Maritza Iztok - 3 coal power plant

Protest for the sake of protesting, Italian soldiers are welcomed and a new owner for the second largest TPP in Bulgaria



The biggest companies in 2020: New model, new champion

The biggest companies in 2020: New model, new champion

Bulgaria’s biggest companies were only mildly hit by the coronavirus. Total revenue of the top 100 firms decreased by just 7% in 2020.


Journalists SLAPPed, threatened and pressured; cabinet purges "kalinki", while Left and Right gear up for elections

Journalists SLAPPed, threatened and pressured; cabinet purges "kalinki", while Left and Right gear up for elections

The troubles of being a journalist in Bulgaria, every final decision is penultimate and who are the ladybirds of the administration


The economy of Bulgaria’s regions: Sofia and all the rest

The economy of Bulgaria’s regions: Sofia and all the rest

Economic centers start to gain speed across the country but the capital continues to soar far ahead


Trends from Bulgaria’s regions

Trends from Bulgaria’s regions

Changes at large local employers drive 2018 growth in several Bulgarian districts


The last strong year

The last strong year

The revenues and profits of the largest companies in Bulgaria increased rapidly last year but the Covid-19 crisis has put an end to a decade of growth


Fast Reads

Fast Reads


Stara Zagora: The Unexpected Champion

Stara Zagora: The Unexpected Champion

The local economy recorded the highest growth rate among all Bulgarian regions in the past decade


With its head buried in the coal

With its head buried in the coal

Bulgaria is the only EU Member State with a significant coal sector that hasn’t begun restructuring