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The Cult of Nexo

The Cult of Nexo

How the Bulgarian company convinced itself, its employees and its customers that all accusations against it were a conspiracy - or FUD


Nexo’s troubles, Bulgaria refuses to close coal plants, Lukoil returns

Nexo’s troubles, Bulgaria refuses to close coal plants, Lukoil returns

Prosecution goes after cryptobank, no chance of gov’t and coal to stay until 2038





The week: Weapons promises, foreign agents and budget in the red

The week: Weapons promises, foreign agents and budget in the red

Guns for Ukraine - it’s official, sort of; Still no government in sight, a nuclear reactor is shut off


The week: Catching-up with the neighbors and looking for a lost highway

The week: Catching-up with the neighbors and looking for a lost highway

The decisive month for Bulgaria, how we lost tens of millions on a highway, and whom did Stoichkov meet?


Pro-Kremlin hackers fire warning shots at Bulgarian institutions

Pro-Kremlin hackers fire warning shots at Bulgarian institutions

A DDoS attack hit the websites of various state institutions over the weekend - and more could be on the way



Bulgaria in crisis: 5 risks caused by the political chaos

Bulgaria in crisis: 5 risks caused by the political chaos

The post-election deadlock might consign the country to EU backwater status



Single-bid tenders: how Bulgarian municipalities distribute money

Single-bid tenders: how Bulgarian municipalities distribute money

58% of local government tenders and almost 65% of the money, or nearly half a billion levs, are distributed through controversial auctions


The week: Elections 2022: Pretend nothing’s happening; FDI down, caretaker Gov’t goes LNG

The week: Elections 2022: Pretend nothing’s happening; FDI down, caretaker Gov’t goes LNG

Parties lying low on big issues before vote, Energy Minister shifts stance on LNG and why do people from the "Yellow Cobblestones" cry?


All the President’s men: A new caretaker cabinet under the command of Radev

All the President’s men: A new caretaker cabinet under the command of Radev

Who’s who in the caretaker cabinet of Galab Donev and what is at stake for them - and Bulgaria - in the next three months



The week: Bulgaria’s economy is (surprise, surprise) doing very well, the real estate market - not so much, and some dolphins get religious

The week: Bulgaria’s economy is (surprise, surprise) doing very well, the real estate market - not so much, and some dolphins get religious

Don’t do stupid shit and things are going to get better



The week: The best place to start fighting the corruption, Don’t count a coalition before it’s hatched, Crypto collapse

The week: The best place to start fighting the corruption, Don’t count a coalition before it’s hatched, Crypto collapse

A fatal crash exposes depth of state capture, No gov’t + crypto layoffs and M&As


The new Bulgarian radical party - how worried should we be about Vazrazhdane

The new Bulgarian radical party - how worried should we be about Vazrazhdane

The leader Kostadin Kostadinov uses very well the social media and jumps on the populist anti-establishment bandwagons but cannot propose a viable agenda for governing


Does Bulgaria really have 213,000 bitcoins?

Does Bulgaria really have 213,000 bitcoins?

Five years after the first information that the Bulgarian state had seized crypto worth billions of dollars, inside sources and other information from the new cabinet reveal that there were never any bitcoins at all