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As wage hikes drive economic growth in Bulgaria, inflation fails to meet euro adoption criterion

As wage hikes drive economic growth in Bulgaria, inflation fails to meet euro adoption criterion

GDP grows by 1.7% in the first quarter, an increase of between 2% and 3% is forecast for this year


Schneider Electric to build second factory near Plovdiv

Schneider Electric to build second factory near Plovdiv

Investment in the project’s first phase costs 107 million levs, production to start in 2025


The week: Is CEE turning into Latin America, The return of GERB is (almost) complete, Sofia's got trouble

The week: Is CEE turning into Latin America, The return of GERB is (almost) complete, Sofia's got trouble

K Insights newsletter: 17/05


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


Digitalk 2024: Artificial intelligence theory gives way to practice

Digitalk 2024: Artificial intelligence theory gives way to practice

The highlights and participants at this year's Economedia tech innovation conference


640 million levs to transform Stara Zagora, Kyustendil and Pernik

640 million levs to transform Stara Zagora, Kyustendil and Pernik

The territorial plans are designed to create new jobs and economic dynamics in exchange for phasing out coal and reducing carbon dioxide emissions


Chinese auto parts manufacturer to build factory in Bulgaria

Chinese auto parts manufacturer to build factory in Bulgaria

Shanghai Unison Aluminium Products to invest 11 million levs in a factory in Plovdiv


1 billion levs for Bulgaria’s startups

1 billion levs for Bulgaria’s startups

VC funds will distribute more than 1.5 billion levs of public funds for equity investments in companies over the next five years


Bulgaria has utilized only 4% of European funds since 2021

Bulgaria has utilized only 4% of European funds since 2021

For the first time since joining the EU, Bulgaria has got along with almost no European funding for several years


Dronamics, Bulgaria’s first drone airline

Dronamics, Bulgaria’s first drone airline

The Bulgarian startup recently secured an equity investment of 10 million euro from the EIC


Vitosha Venture Partners commits 1.5 million euros across 5 companies

Vitosha Venture Partners commits 1.5 million euros across 5 companies

The VC firm will focus on portfolio development and prepare for the launch of a new fund


How GERB built Putin a pipeline, part 2: the laundering road of 3 billion leva through an Arab company

How GERB built Putin a pipeline, part 2: the laundering road of 3 billion leva through an Arab company

Turkstream used offshore companies and the financial capacity of Gazprombank


Top 25 agricultural machinery dealers increase revenue by a third in 2022

Top 25 agricultural machinery dealers increase revenue by a third in 2022

All the importers in the top 25 have registered a profitable year



Startup recap: What’s new in the local ecosystem

Startup recap: What’s new in the local ecosystem

Here’s everything that happened in the first months of 2024


DSK, UniCredit Bulbank Plan to Distribute Over 1 Billion Levs in Dividends

DSK, UniCredit Bulbank Plan to Distribute Over 1 Billion Levs in Dividends

Most of the 3.4 billion levs (1.7 billion euro) profit reported by the banking sector for 2023 will be reinvested


The week: The trick with the migrant scare

The week: The trick with the migrant scare

Don’t let the news fool you, How flat should a tax be, and a Bishop dreams of heading the Church


Online Gambling Business’ Revenue Tops One Billion Levs

Online Gambling Business’ Revenue Tops One Billion Levs

Internet betting grew by 12% in 2023. Lower taxation of offline betting creates a new market niche.


How GERB built Putin a pipeline, part I: the Roadmap to circumvent the law (and Ukraine)

How GERB built Putin a pipeline, part I: the Roadmap to circumvent the law (and Ukraine)

A new data leak exposes how the Borissov-3 gov’t facilitated the construction of the TurkStream pipeline across Bulgaria against the country’s own interests and EU procurement rules


EnduroSat doubles sales in 2023

EnduroSat doubles sales in 2023

The Bulgarian nanosatellite producer expects to report some 27 million levs in revenue, new product to be launched soon