Payhawk doubles revenues, but also reports significant loss

Revenues for 2023 have grown to 12.6 million euros, but the negative financial result swells to almost 35 million euro

The day in 3 news: Lukoil selling, but not sold yet; Payhawk reports growth despite operating losses; Ex-Internal Minister Rashkov urges preemptive measures on vote-buying

Bulgarian ICT sector in 2023: Main tendencies

What key indicators say about the largest IT firms in the country

The week: No country for the old

The young have made it through, The rotation is now a centrifuge, Bulgarian football goes for old

IT entrepreneur Vasil Terziev is the new Sofia mayor. What does he propose?

His program suggests reforms geared towards transformation of Sofia's governance and infrastructure

The day in 3 news: Luxury car trade probed; Train money redirected; Payhawk grabs e-money license

The biggest lease deals in Sofia's office market

New offices, new opportunities

SEE Startups - an overview of the ecosystem

Since 2012, SEE startups have grown 49.9x in combined enterprise value

The week: the train problem, the Austrian surprise and the Russian oil

Trains, cities, and Elon Musk in the Northwest

Monthly Startup News: Gov’t launches startup visas, Eleven introduces Unicorn Deal program, Coffee trading platform Almacena raises 3.5 mln euro

Here’s what happened in Bulgaria’s startup ecosystem in October

The week: Fear not the political feuds, even when they tell you to on the TV

The optimist theory for the economy, Parliament is stuck, President is happy, and the Dutch don’t like us

Bulgarian e-bike makers Leader-96, Eljoy to grow with new investors

The market in Europe is projected to triple by 2030

The Bulgarian startup ecosystem is losing momentum

The country has built a good reputation on account of its digital infrastructure, low costs and technical talent, but it’s still being overtaken

The week: Petkov cabinet falls, can Skopje be salvaged, prices are more important than values and billionaires on protest

The Tech sector in Bulgaria: State of Play

Read KInsights’ first special report on the main trends in Bulgaria’s technology and innovation sector, the biggest deals, and more

The first Bulgarian unicorn

Payhawk, the fintech startup founded by Hristo Borissov and Boyko Karadzhov, was valued at 1 billion dollars after a new investment round led by US fund Lightspeed Venture Partners

The week: Russian tanks steal our common future, stacking up on grain, some good ideas

K Insights 11/03: economy grows (pre-war), some unicorns

Bulgaria is looking for a unicorn

In 2022 or 2023 there will be at least one Bulgarian startup with valuation over 1 billion dollars

Tanks, refugees and unicorns - last week was one to remember

The Russian counterattack in the EU and Bulgaria is just starting. We have a unicorn startup, though

New investment values Bulgaria’s Payhawk at 570 million dollars

San Francisco-based Greenoaks provides half of the fresh funding of 112 million dollars