Grzegorz Konieczny, Country Head, ING Bank Sofia and Marina Kobakova, Head of Sector Coverage, ING Bank, Sofia
High prices of raw materials and energy for business have already hit consumers
The garment industry has been hit hard by the Covid closures that affected over 100,000 workers in the sector in Bulgaria.
A section of the old gas transmission network in Northern Bulgaria has stopped the supply of Russian gas through the pipe, completed for over 1.3 billion euro last year
Transport is among the top 3 sectors of Bulgaria’s economy affected by Covid-19, with the aviation sector suffering the most
K Insights 22/10: grocery stores flourish while clothes shops go under
Investors plan to inject 60 mln euro in a new complex of up to 3,300 apartments near the Central Railway Station
Outstanding issues between Bulgaria and its southwestern neighbor are important, but it is critical to provide infrastructure and a stable business environment for companies
COVID-19 mortality is still very high, a 30% rise in gas prices
Stefan Yanev’s first cabinet exposed many of the previous administration’s flawed practices but failed to fix many of them
The week: The problem with online banking, new players enter the political arena and 6 billion euros await
Dogan is nowhere to be found, trouble brews for Kristalina Georgieva
The second cabinet appointed by President Radev this year is notable mostly for its absentees - Finance and Economy ministers Vassilev and Petkov, who will now be entering the political fray
The sharp increase in public funding for roads, railways, and gas infrastructure has boosted the revenue of the biggest construction companies in Bulgaria
Bulgaria’s biggest companies were only mildly hit by the coronavirus. Total revenue of the top 100 firms decreased by just 7% in 2020.