The day in 3 news: Bulgarian Posts leans heavily on state support; Battery storage projects set to transform the energy system; Sofia’s 2025 budget is unambitious, says Terziev

Bulgaria’s Informal Economy: 34.6% In the Shadows

More than half of the added value in sectors like hospitality, agriculture, and construction comes from undeclared income, according to a report by Kearney and Visa

DIY chains: Real estate boom drives rise in revenue

Praktiker leads with over 18% growth, followed by Mr. Bricolage

The week: The fall of Dogan

The end of an Emperor, The return of Belene, Nexo invites Donald Trump Jr

Nestlé invests 44.2 million euro in KitKat chocolate bar production

The new line at the factory in Sofia produces 3 million pieces a day

The week: A road tragedy

Roads to die for, Starlink comes to Bulgaria, Industry hits the brakes (construction, of course, excluded)

Day in 3 news: Bulgarian housing prices skyrocket, Neterra becomes Starlink distributor, Record number of eMag orders in March

Electra to invest 120 million levs in aircraft maintenance base near Burgas Airport

The Sofia-based company already has a technical support facility in Varna

A year after Broadcom’s acquisition, VMware Bulgaria has melted in half

More than a thousand of the company’s employees in Bulgaria have been made redundant following the purchase at the end of 2023.

Day in 3 news: 2025 budget takes effect, Restaurateurs protest 20% VAT, Speedy’s shares jump 8%

Sweet 10th anniversary: Healthy Bars to build new 40 million levs factory

The protein bar manufacturer’s project is funded with a loan from UniCredit Bulbank and supported by the EBRD

Day in 3 news: Religions get higher subsidies; New bypass for Danube town of Oryahovo; LAUNCHub Ventures invests 7m euro in AI security startup SplxAI

A further surge in online retailers’ revenues

The top 10 e-commerce companies in Bulgaria saw a 27% rise in turnover in 2023

Day in 3 news: Maximum social security income raised; Widespread distrust of last election’s tally; Restaurant reps oppose restoration of 20% VAT

Bulgarian EnduroSat raises 20M euros to accelerate its growth

The company expects serious revenue growth in 2024, says its founder Raycho Raychev

The day in 3 news: Bureaucratic filibuster to stall budget; Corruption concerns over missing 500 mln. levs; Vote recount result alters Parliament make-up

Day in 3 news: Recount could see Velichie in Parliament; Lukoil dominates sector, but still up for sale; Bozhkov’s gambling trial stalls

The European Health Card can now be issued easily online

Applying for the document is via the Ministry of Electronic Governance website and you can receive the card by post

First Bulgarian IT deal of 2025: Codery acquires Devision

The two software companies will merge operations within a year

Sofia-based airline Fly2Sky reaches top 3 in the sector

The company, which is owned by a Greek and a Ukrainian, has 10 aircraft and revenue of 92 million levs