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Bulgaria: More dependent on Russian oil

Bulgaria: More dependent on Russian oil

While diversifying gas supplies is difficult, but feasible task for the state, the same cannot be said about Bulgaria’s reliance on crude oil from Russia


Bulgaria’s liberation from Russian gas

Bulgaria’s liberation from Russian gas

The apocalypse dreaded by many after Gazprom stopped its supplies to Bulgaria did not materialize – on the contrary, it became clear that Sofia can reduce its dependence on Moscow gas


The electronics company Addit.tech received an investment of 555,000 euros

The electronics company Addit.tech received an investment of 555,000 euros

The company basically offers a way for renting mobile phones and other consumer equipment



Blockchain tourists

Blockchain tourists

The Bulgarian company LockTrip raised a 4.1 million dollars investment from Australian tourism giant Webjet


Bulgaria’s GullivAir considering direct flights to the U.S.

Bulgaria’s GullivAir considering direct flights to the U.S.

Bulgarian carrier GullivAir intends to launch a direct route to the United States


The war for sunflower oil and Bulgaria’s role in the market

The war for sunflower oil and Bulgaria’s role in the market

In Bulgaria, the sunflower oil business was worth close to 1.5 bln levs (767 million euro) last year


From high school to the telecom industry

From high school to the telecom industry

Bulgarian startup MYX, founded by Sofia Mathematics High School alumni, develops digital twins for the telecom sector


The week: Borissov arrested, Central Bank chairmanship tears the coalition, Resilience Plan still not ok

The week: Borissov arrested, Central Bank chairmanship tears the coalition, Resilience Plan still not ok

Former PM Borissov arrested, Guerilla war over BNB shakes the coalition and the Plan is still NOT alright


Chaos Software - from Oscars to a merger

Chaos Software - from Oscars to a merger

The Bulgarian company will merge with German-based Enscape. US-based TA Associates and the German LEA Partners will control the newly created player


Bulgarian banks’ profit rises to 1.4 billion levs in 2021

Bulgarian banks’ profit rises to 1.4 billion levs in 2021

Lower impairment costs, decreased contributions to guarantee funds and the credit moratorium boosted annual profit by 600 million levs


SiteGround: Creating Bulgaria’s biggest IT company

SiteGround: Creating Bulgaria’s biggest IT company

The founder Ivo Tsenov and the CEO Tenko Nikolov talk about their business, why the team matters and why they opted to stay in Bulgaria


The week: It's all going well if you are a bank, but not if you're a mayor, and a small village has a big waste problem

The week: It's all going well if you are a bank, but not if you're a mayor, and a small village has a big waste problem

The honeymoon ends fast for the new government, economic optimism rises


Bulgarian banks’ Jan-Nov profit rises 53% y/y, still below 2019 level

Bulgarian banks’ Jan-Nov profit rises 53% y/y, still below 2019 level

The last 8 billion levs of loans under credit repayment moratorium return to regular servicing


The Russians are here! (again), The Macedonians are not, and (almost) everyone leaves Burgas

The Russians are here! (again), The Macedonians are not, and (almost) everyone leaves Burgas

The silent cyber-war, flights & fights with a neighbor, go easy with the Energy regulator


Bulgaria’s heavy industry stays stable in pandemic-marred 2020

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


Five forecasts for Bulgaria’s housing market in 2022

Five forecasts for Bulgaria’s housing market in 2022

Most expectations are for more of the same, but rising interest rates and soaring prices of construction materials might cool down the sector


How Bulgaria’s internet slowed down

How Bulgaria’s internet slowed down

Network speed in the country was the fourth fastest in the world in 2009, yet now it ranks 53rd. Why?


Machines and equipment top 40 companies: Virus in the system

Machines and equipment top 40 companies: Virus in the system

After years of constant growth, revenue fell in 2020 due to the pandemic


Bulgaria’s Metrilo sells business to France’s Sendinblue

Bulgaria’s Metrilo sells business to France’s Sendinblue

The customer analytics and intelligent marketing company is valued at some 2.6 mln euro