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Corruption Concerns: EU Probing 11 Mln Levs Discrepancy in Bulgarian Tunnel Project

Corruption Concerns: EU Probing 11 Mln Levs Discrepancy in Bulgarian Tunnel Project

A report to the State Agency for National Security has brought to light the funneling of 11 million levs to shell companies. The main contractor in the project, local construction company GP Group, said it’s not a subject of any ongoing investigation.


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



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


Austrian paper trader intends to buy a Plovdiv-based company for advertising materials

Austrian paper trader intends to buy a Plovdiv-based company for advertising materials

Europapier’s Bulgarian subsidiary is awaiting anti-trust approval to acquire Micro Asu


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



Rotation still on? Gabriel presents Radev with a fulfilled mandate, but WCC-DB remain silent

Rotation still on? Gabriel presents Radev with a fulfilled mandate, but WCC-DB remain silent

After 36 hours of uncertainty, GERB bids to wrest key ministries from WCC-DB


Who will be the next Patriarch and why it matters

Who will be the next Patriarch and why it matters

The Bulgarian Orthodox Church controls a vast number of properties and hundreds of millions of levs, but most importantly - exerts influence over millions of laymen




The week: The Roadmap to Russian energy serfdom

The week: The Roadmap to Russian energy serfdom

How GERB sold out to Putin (before the war), Rotation stuck and who designs Beyonce’s clothes in BG


Solar Strife: Property Battles Raging Beneath PV Park in Bulgaria

Solar Strife: Property Battles Raging Beneath PV Park in Bulgaria

Residents of the villages of Sbor and Apriltsi in the Pazardzhik region claim that their lands have been expropriated by a company owned by Ginka Varbakova. There are also more than 20 complaints filed with the prosecution.


DIY chains: another boom in sales

DIY chains: another boom in sales

Bulgaria’s top five retailers project further revenue growth in 2023 after a strong 2022



A challenging year ahead: Bulgarian IT sector faces uncertain times

A challenging year ahead: Bulgarian IT sector faces uncertain times

A decade and a half of steady growth in the software industry is now at a crossroads


UK-based Juniper Education acquires Bulgaria’s Shkolo

UK-based Juniper Education acquires Bulgaria’s Shkolo

The educational management platform will continue to operate independently


An (un)holy audit

An (un)holy audit

A rare financial inspection by the Revenue agency created consternation within the Bulgarian Orthodox Church


Vivacom Takes Over Bulsatcom in Bulgaria's Largest Telecom Merger

Vivacom Takes Over Bulsatcom in Bulgaria's Largest Telecom Merger

The largest merger in Bulgaria's telecom industry has received swift approval from the regulator without any conditions, yet not without others’ protests


Industrial cooldown, slower business growth and less VAT collected: 2023 at a glance

Industrial cooldown, slower business growth and less VAT collected: 2023 at a glance

Global events hit the financial performance of public companies, shrink factory production and effectively cut down state revenue