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The week: The captured state unravels, Mariya Gabriel gets a bad deal, while arms producers had a very good year
The country didn’t break. It was already broken

The week: The worst-case post-election scenario, a sock company leaves, Bulgarian football rulers refuse to
K Insights newsletter 30/04

Inter Cars Bulgaria: The way to the top
The Polish company’s Bulgarian unit has become number one in the local auto parts market in ten years, reporting revenue growth of over 50% for 2021.

The week: Goodbye to the euro, see you again sometimes?
Is the euro coming at all, the Russian assets in Bulgaria are in for a freeze, trouble at the European prosecution

WITTE Automotive Bulgaria to double production in Ruse
The company will invest 25 million euro in a new factory, which will open in the middle of 2024

The largest machinery and equipment companies: Back on the growth track
The leading 45 companies in the sector recorded revenue growth of 23.5%, reaching 10.9 billion levs.

The largest metal producers: Aurubis remains on top, steel producers grow the most
Appreciation of metals prices increased company earnings by 33% in 2021, but forecasts for 2022 are less optimistic

The most dynamic, the most profitable and the companies with the most employees in Bulgaria
Profitability of the largest companies in Bulgaria continues to improve in 2021, while revenues of the fastest-growing large firms jump to an unprecedented 144%

Germany’s Eberspächer to build plant for automotive electrical heaters in Ruse
Production will start in an interim facility from January 2023, the new building will be completed by September

The week: From Ruse to Sofia, or why elections might not be all that important
Another election looms, Lukoil and Nexo lurch to fresh crisis and Ruse has some things going for it

Christophe Leclercq: Medias are an army of dwarfs, facing a world duopoly: Meta (Facebook) and Alphabet (Google)
The founder of the EURACTIV Media Network & Chair of Europe’s MediaLab spoke with Capital on the new European Media Freedom Act

Belgian company buys Suite hotel in Sofia to make a hub for working nomads
The owner of Melexis Bulgaria, Duchatelet, and his trusted football manager Catherine Mer bought the Suite hotel, located in Sofia’s Studentski Grad district.

Sofia is becoming software development center for global automotive giants
Visteon, Bosch and Mercedes already have engineering units in Sofia, Volkswagen is exploring the market

Business with a cause: the sole nitrile-glove manufacturer in Europe
Who are the people behind PPS Manufacturing and what are their beliefs

Greek-Spanish Etem Gestamp to invest 60 million euro to expand capacity of Sofia plant
The partners will manufacture aluminum elements for Porsche e-vehicles

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

Bulgaria’s heavy industry stays stable in pandemic-marred 2020
Most sectors improved their results in 2020 but a surge in energy prices poses a risk to 2021 results

New investment values Bulgaria’s Payhawk at 570 million dollars
San Francisco-based Greenoaks provides half of the fresh funding of 112 million dollars