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The week: No, Bulgaria is not bankrupt - just dangerously populist
Money, guns and bloody populism (+ a really good book)
The week: The sheriff is in town, where does all the asphalt go, and Telus won’t tell on us anymore
A thunder in the sky of dust
The week: Goodbye to the euro, see you again sometimes?
Is the euro coming at all, the Russian assets in Bulgaria are in for a freeze, trouble at the European prosecution
Devnya Cement: double revenues, splendid profits
Company strongly improves its results in 2021 thanks to stronger demand and cost optimization
No Euro in 2024: Why did Bulgaria give up trying to join the eurozone next year?
Parliament’s failure to adopt 4 key pieces of legislation, a purposeful abstention from the amendment of the Insurance code and high inflation will delay currency union entry
The week: The public shaming of Sofia continues, Record wage growth, A slap from across the Danube
K Insights Weekly Newsletter 17/02
Bulgarian banks’ profit hits record 2 billion levs in 2022
The banking sector posts the strongest growth in all segments since the global crisis
Housing loans in Bulgaria rank among the EU’s cheapest
Over-liquidity at local banks and the BNB’s policy ease the ECB tightening
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
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
Bulgarian economy to slow down in 2023
Institutions don’t bet on a recession in their forecasts for 2023 but there are problems
Growth in housing prices in Plovdiv, Varna and Burgas
In the two seaside cities deals increased at the beginning of 2022, but in Plovdiv their number decreased slightly
Biggest pharma companies’ revenue grows 10% in 2021
Leaders Sopharma Trading and Phoenix approach a turnover of billion levs each