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Bulgarian furniture output falls to 556 million dollars in 2023

Bulgarian furniture output falls to 556 million dollars in 2023

Volume decreased 5% year on year and over 7% on 2021 amid contraction in consumption


Berlin-based AirHelp acquires Bulgaria's ClaimCompass

Berlin-based AirHelp acquires Bulgaria's ClaimCompass

The deal's value remains confidential; ClaimCompass is now transitioning its clients to AirHelp's platform


Bulgaria Edges Closer to Euro Adoption with Inflation Target within Reach

Bulgaria Edges Closer to Euro Adoption with Inflation Target within Reach

Bulgaria is on the verge of meeting the price stability criterion and can now request an extraordinary report from its European partners


Mondi suddenly bids farewell to Bulgaria

Mondi suddenly bids farewell to Bulgaria

The UK group is closing its paper mill in the town of Stamboliyski, sale is still an option


OnlineMashini.bg: From one-man platform to own warehouse for 15 million levs

OnlineMashini.bg: From one-man platform to own warehouse for 15 million levs

The online trader of tools and machines projects 30% sales growth in 2024


Bulgaria’s 2025 Budget: We Have a Problem

Bulgaria’s 2025 Budget: We Have a Problem

Instead of voting for more populism-driven spending, parliament has to consider unpopular measures to tighten state finances


Chinese platforms Shein and Temu hit Bulgarian traders

Chinese platforms Shein and Temu hit Bulgarian traders

Second-hand goods stores report 15% drop in sales, shut down outlets


Clean business: Septona plant in Ruse expands on back of surge in demand

Clean business: Septona plant in Ruse expands on back of surge in demand

Greek manufacturer of hygiene products like make-up pads and shower gels invests 40 million levs in new buildings and machinery


Construction of Mega Housing Complexes Shifts Towards Sofia District

Construction of Mega Housing Complexes Shifts Towards Sofia District

People are looking for homes in the mountains, but close to the capital city. The focus has recently shifted towards the towns of Samokov and Elin Pelin, and the village of Gorni Okol



Germany's struggles reveal an uncomfortable truth about Bulgaria's economy

Germany's struggles reveal an uncomfortable truth about Bulgaria's economy

Structural problems affecting Bulgaria’s largest trading partner will affect local industries that fail to adapt and diversify their clients


Bulgaria’s 2025 Budget Faces Challenges with a Significant Expenditure Overrun

Bulgaria’s 2025 Budget Faces Challenges with a Significant Expenditure Overrun

Budget revenues are growing at a much slower pace than expenditures, while EU funds remain elusive for now


Sofia Airport’s Terminal 3: Ready by 2031 and worth 500 million levs

Sofia Airport’s Terminal 3: Ready by 2031 and worth 500 million levs

The new facility will extend over 65,000 sq. m., will be connected to Terminal 2 and able to accommodate 20 million passengers per year


Podemcrane: from electric hoists for Comecon to global markets

Podemcrane: from electric hoists for Comecon to global markets

After a long privatization process in the 1990s, the Gabrovo-based company today manufactures industrial cranes and components worth 50 million levs


Polish company Renters buys the Bulgarian leader in short-term rentals Flat Manager

Polish company Renters buys the Bulgarian leader in short-term rentals Flat Manager

This is Bulgaria's first deal with a real estate startup



10 Years After the Collapse of CCB: Where Are the Key Figures Now?

10 Years After the Collapse of CCB: Where Are the Key Figures Now?

A decade after the closure of Corporate Commercial Bank (CCB), there are still no convictions, and the mega-trial for draining its accounts is going nowhere


Bulgaria’s new dam is here - finally

Bulgaria’s new dam is here - finally

The facility has been under construction for eight years and has already experienced many ups and downs in the process



Bulgaria Economic Trends: Wage Growth Slowing Down

Bulgaria Economic Trends: Wage Growth Slowing Down

Wage increases are expected to decelerate this year, ranging between 5% and 14%