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The week: No country for the old

The week: No country for the old

The young have made it through, The rotation is now a centrifuge, Bulgarian football goes for old


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


The biggest software companies in Bulgaria

The biggest software companies in Bulgaria

The top 50 tech companies by revenue experienced significant growth, more suited to startups



Largest metal producers: First signs of cool-down

Largest metal producers: First signs of cool-down

The revenue growth of the top 30 companies in the sector slowed to 22% in 2022


Bulgaria’s Largest Textile Companies: Slight Recovery after Weak Years

Bulgaria’s Largest Textile Companies: Slight Recovery after Weak Years

In 2022, the combined revenue of the top 25 companies in the sector increased by 19%.



Bulgaria’s least indebted 50 companies in 2022

Bulgaria’s least indebted 50 companies in 2022

The average debt-to-asset ratio remains near 50%, narrowing slightly


Top earners of 2022

Top earners of 2022

Metals, chemicals, energy, weapons and a bit of gambling business: an unsurprising mix during a year marked by Russia's war on Ukraine


Bulgaria’s 100 largest companies: record revenue and profits for 2022

Bulgaria’s 100 largest companies: record revenue and profits for 2022

The Ukraine war has pushed the turnover of the companies in the K100 ranking to BGN 132 billion, or 60% up on the year before




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


Bulgarian economy to slow down in 2023

Bulgarian economy to slow down in 2023

Institutions don’t bet on a recession in their forecasts for 2023 but there are problems


How Bulgarian economy grew 3.4% more last year without national statistics noticing

How Bulgarian economy grew 3.4% more last year without national statistics noticing

GDP growth for 2021 was 7.6% and not 4.2%, the NSI acknowledges silently almost a year after


Radev’s revenge, the looming deficit and a frog

Radev’s revenge, the looming deficit and a frog

Reality is back with a vengeance, GDP keeps growing, and our Real Estate report is out


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 budget 2022: too generous and risky

Bulgaria’s budget 2022: too generous and risky

The finance ministry proposed a draft budget for 2022 with a deficit equivalent to 4.1% of planned GDP and significant debt growth


Inflation is here and it will stay

Inflation is here and it will stay

High prices of raw materials and energy for business have already hit consumers


The biggest companies in metallurgy: on the crest of a price wave

The biggest companies in metallurgy: on the crest of a price wave

Last year was strong for gold and copper yields, but the output of other metal producers fell. Despite the pandemic-induced crisis net sales of the sector’s leading firms are up