Bulgaria’s Top 10 Banks in 2021

Capital Weekly ranks financial institutions in terms of stability, profitability and dynamics

Money for RES for businesses’ own use

Commercial lenders and Bulgarian Development Bank (BDB) provide financing for solar power plants for businesses. Also, there is a funding program with 200 million levs in grants under the Recovery Plan

Bulgaria: More dependent on Russian oil

While diversifying gas supplies is difficult, but feasible task for the state, the same cannot be said about Bulgaria’s reliance on crude oil from Russia

An Indian tale about Bulgarian internet

Nikolay Gorchilov, Victor Frances and Plamen Petkov introduce the Bulgarian internet model to India through the provider Excitel, which already has over half a million subscribers

The week: The gas is off, the fight is on, Petkov goes to Kiyv, and do you need that salary of yours

K Insights 29/04: legalizing the industrial hemp, are 100 diplomats too many?

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

What’s next for the Bulgarian army after the war in Ukraine?

More significant NATO presence in the country and further investments in key military equipment are likely in the aftermath of the Russian invasion

How big is the fintech sector in Bulgaria?

About 135 companies with over BGN 1.4 billion (EUR 715 million) in revenues are distributed in more than a dozen segments of the fintech industry

Sweden’s Ewellix chooses Sofia for center of European operations

The company preferred Bulgaria to Poland, the Czech Republic and Romania

Top 10 of Plovdiv’s largest outsourcing companies

The tech business in the city keeps growing and attracting new investors

Concern, not condemn: Bulgaria’s response to the Ukraine escalation

Behind the strongly worded support for Ukrainian integrity, many in Sofia still prefer to tread lightly so as not to anger the Kremlin and its zealots here

The week: The end of golden passports, a new beginning for trains, and the best place in Europe for romance and wine

We’re not selling citizenship anymore, we’re buying: trains, batteries and a house in Barcelona?

The day in 3 news: Bulgaria’s GDP rises to 4.5% y-y in Q4; More money from the budget for science and police; Deal between United Group and Telelink failed

Bulgarian banks’ profit rises to 1.4 billion levs in 2021

Lower impairment costs, decreased contributions to guarantee funds and the credit moratorium boosted annual profit by 600 million levs

Bulgaria-based Teletek Electronics to move to its own plant by year’s end

The alarm system manufacturer is investing 25 mln levs (12.8 mln euro) in the project that will boost its capacity by 50%

How Bulgaria’s internet slowed down

Network speed in the country was the fourth fastest in the world in 2009, yet now it ranks 53rd. Why?

The week: A smaller Bulgaria, the Macedonian hostages, and an MMA real estate tycoon

K Insights: Is small necessarily bad, how many tunnels can you dig for 12 bln. levs and what do e-buses and corruption have in common

Bulgaria’s Sirma Group acquires Sciant

The software developer eyes further acquisitions at home and abroad

KBC Group Buys Raiffeisenbank (Bulgaria) in record 1 billion euro deal

KBC Group is also owner of United Bulgarian Bank (UBB) and the merger of the two banks will create a third local giant of the caliber of UniCredit Bulbank and DSK