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The Week: Has the "Peevski spell" been broken, Business climate turns sour, Sofia bans dirty cars

The Week: Has the "Peevski spell" been broken, Business climate turns sour, Sofia bans dirty cars

K Insights Newsletter 01/11


EnduroSat expanding in a building it bought for 20-21 million euro

EnduroSat expanding in a building it bought for 20-21 million euro

The property in Sofia that once housed the Bulgarian HQ of Greece’s Alpha Bank, has been vacant for eight years because of a lawsuit between the lender and the Bulgarian Academy of Sciences who owned the land underneath


Festo completing 80 million lev investment in workshop for new products

Festo completing 80 million lev investment in workshop for new products

The plant of the German concern is now manufacturing more complex industrial automation devices


Uber shuts its software center in Bulgaria

Uber shuts its software center in Bulgaria

The Bulgarian office, which developed software for financial documents, will close in September


Turkey's Sisecam to invest $30 million in Targovishte plant

Turkey's Sisecam to invest $30 million in Targovishte plant

A new coated glass production line will start operating at Trakia Glass Bulgaria in 2025


Festo expands engineering team with second location in Bulgaria

Festo expands engineering team with second location in Bulgaria

The new R&D center in Gabrovo has 14 specialists and plans to grow


Fruit and vegetables: Top firms’ incomes rise, yet problems remain

Fruit and vegetables: Top firms’ incomes rise, yet problems remain

In 2022, the total revenues of the 10 largest companies in the sector exceeded 95 million levs


Belgium’s ABEE proposes to invest 1.1 billion euro in gigafactory in Bulgaria

Belgium’s ABEE proposes to invest 1.1 billion euro in gigafactory in Bulgaria

The project includes a Li-ion battery plant in Stara Zagora, a recycling facility in Burgas and an R&D center in Plovdiv


Bulgaria’s new factories in 2023: Part I (The South)

Bulgaria’s new factories in 2023: Part I (The South)

The value of the 15 biggest projects in the industrial sector reached BGN 4.4 bln in 2023


Sensata Technologies Bulgaria is Factory of the Year 2023

Sensata Technologies Bulgaria is Factory of the Year 2023

WITTE Automotive wins prize for most innovative project in Capital’s competition




Machines and equipment: Growth in high gear

Machines and equipment: Growth in high gear

The revenue of the top 70 manufacturers rose by 26% to over 15 billion levs in 2022



New automotive investment projects score hattrick exceeding 100 million levs

New automotive investment projects score hattrick exceeding 100 million levs

Austria’s GG Group, Netherlands-based Nedschroef Holding and Germany’s Sulzer are launching operations in Bulgaria


The Bulgarian unit of Belgium’s Televic to triple production of communications systems

The Bulgarian unit of Belgium’s Televic to triple production of communications systems

The company will invest 10 million levs in a new plant and add circuit board assembly to its line of business


Beauty segment drives BTL Industries’ sales to new high

Beauty segment drives BTL Industries’ sales to new high

The Plovdiv-based medical equipment maker doubles revenue on strong demand for aesthetic solutions