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The Cult of Nexo

The Cult of Nexo

How the Bulgarian company convinced itself, its employees and its customers that all accusations against it were a conspiracy - or FUD



Nexo co-founders and executives charged as an organized crime group in Bulgaria

Nexo co-founders and executives charged as an organized crime group in Bulgaria

Charges ignite political firestorm in the country, while the company continues to operate worldwide


Kaufland remains largest Bulgarian retailer for 12th consecutive year

Kaufland remains largest Bulgarian retailer for 12th consecutive year

The sector grew by 13% on average in 2021, with total sales reaching 10.7 billion levs


M&As in 2022: Mid-sized deals, cautious outlook

M&As in 2022: Mid-sized deals, cautious outlook

Market continued its recovery from the pandemic


Nexo’s troubles, Bulgaria refuses to close coal plants, Lukoil returns

Nexo’s troubles, Bulgaria refuses to close coal plants, Lukoil returns

Prosecution goes after cryptobank, no chance of gov’t and coal to stay until 2038



Biggest pharma companies’ revenue grows 10% in 2021

Biggest pharma companies’ revenue grows 10% in 2021

Leaders Sopharma Trading and Phoenix approach a turnover of billion levs each


The week: Some good vibes for Christmas; Lukoil suddenly is very cooperative; The curious case of Bulsatcom

The week: Some good vibes for Christmas; Lukoil suddenly is very cooperative; The curious case of Bulsatcom

Last K Insights newsletter for 2022


Rents going up more slowly than housing prices

Rents going up more slowly than housing prices

Home rents increase, following the rise in mortgage payments, incomes and inflation.


The largest metal producers: Aurubis remains on top, steel producers grow the most

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


Discordia on the way to the European top

Discordia on the way to the European top

The transport company grows by 35% per year and aims for a turnover of over 1 billion euro


The biggest lease deals in Sofia's office market

The biggest lease deals in Sofia's office market

New offices, new opportunities


The most dynamic, the most profitable and the companies with the most employees in Bulgaria

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%



The top ten owners of office buildings in Sofia

The top ten owners of office buildings in Sofia

They own 600 thousand square meters of offices in Sofia or half of the total available 1.24 million square meters of class A areas in the capital.


The housing market: the top is near

The housing market: the top is near

High demand and low supply drive prices up. War, weakening economies and rising mortgage rates may cool down the market


The week: Weapons promises, foreign agents and budget in the red

The week: Weapons promises, foreign agents and budget in the red

Guns for Ukraine - it’s official, sort of; Still no government in sight, a nuclear reactor is shut off


First drop in real estate deals in Bulgaria since the pandemic

First drop in real estate deals in Bulgaria since the pandemic

The number of property sales falls 7% year-on-year in the third quarter, with the contraction in Sofia twice as big


The week: Fear not the political feuds, even when they tell you to on the TV

The week: Fear not the political feuds, even when they tell you to on the TV

The optimist theory for the economy, Parliament is stuck, President is happy, and the Dutch don’t like us