Kapital Insights

05/11/2024

On Monday, a key step towards the development of new nuclear capacities in Bulgaria was accomplished. The New Capacities company, a subsidiary of the Kozloduy NPP, signed a contract with the Westinghouse-Hyundai consortium for the first phase of engineering for units seven and eight of the plant. The agreement was signed at the Council of Ministers by the executive director of the state-owned company, Petyo Ivanov, and representatives of the consortium in the presence of caretaker Prime Minister Dimitar Glavchev and Energy Minister Vladimir Malinov. The event was also attended by the ambassadors of the USA and South Korea.

Tap the link in bio to find out more ☝️

04/11/2024

The combined revenues of the 387,000 active companies in Bulgaria contracted in 2023 for the first time in the past decade. Year on year, sales declined 0.95% to 607.9 billion levs (about 304 billion euro), data of the National Revenue Agency (NRA) show.

Tap the link in bio to find out more ☝️

30/10/2024

SOF Connect, the operator of Sofia Airport, has signed a contract for its food and beverage area with SSP, a British operator of such outlets in travel locations worldwide.

Tap the link in bio to find out more ☝️

07/10/2024

Any innovation in military technology always ushers in changes to the conduct of warfare. This is true from the bow and arrow through the introduction of the horses to tanks and aircraft. War always evolves, and the newest technological niche that is quickly becoming a bubbling market is that of drone technology. Concurrently, the military drone segment is evaluated between 13-15 billion dollars as of 2023 by differing market research companies.

Tap the link in bio to find out more ☝️

03/10/2024

With the gas link from Komotini to Stara Zagora and the unloading facility now functioning, Bulgaria can import up to 5.5 bcm of gas each year

Tap the link in bio to find out more ☝️

03/10/2024

The future of the office market in Bulgaria increasingly depends on the energy goals of the Paris Agreement on climate change and the push for net-zero emissions of buildings. The growing importance of environmental, social, and governance (ESG) criteria is reshaping office selection, with energy efficiency becoming crucial for tenants and banks, prompting landlords to invest in modernization.

Read more: https://kinsights.capital.bg/4683393

01/10/2024

"The way things are going, we might have a chance for a late seaside vacation in September, so there are pluses from the early harvest," Svilen Georgiev, the oenologist of the Little Star winery in South Sakar jokes. This year, winemakers in the sunbaked region are harvesting grapes much earlier than usual. And they are not the only ones - the heat and drought have changed the growing season of the vines and the production rhythm throughout the country. Southern Bulgaria, where the harvest takes place a month earlier, is the most affected, but the process in the Thracian lowlands and northern Bulgaria is also 20 days earlier than usual.

Read more: https://kinsights.capital.bg/4682646

30/09/2024

The manufacturer of electromechanical components was founded 30 years ago and has 220 employees and 28 million levs in revenue

Read more: https://kinsights.capital.bg/4682336

27/09/2024

The buyer is part of the Multisport group and one of the largest fitness club owners in Bulgaria

Read more: https://kinsights.capital.bg/4680284

22/03/2024

Despite a pause in investments by the state-led Fund of Funds as its active investment mandate recently concluded, the landscape for early-stage local startups remains promising with alternative funding and mentorship programs emerging. Leading the charge, local VC firms, Eleven and Launchub Ventures, have commenced the year vigorously, finalising multiple agreements already. All the while, seasoned entrepreneurs are nurturing the ecosystem.
https://kinsights.capital.bg/4603931

20/03/2024

Record dividend payouts cannot be a surprise against the backdrop of the record profits achieved by banks in Bulgaria last year. This transpires from the profit distribution plans of some of the largest lenders that are on the agenda of their upcoming annual general meetings of shareholders.
Read more on https://tr.ee/xQP1YQt7pD

15/01/2024

A smuggler for a day: how migrants pass through Bulgaria
The story of a driver who transported refugees via the black market in Telegram

Read the full story here 👇
https://kinsights.capital.bg/4575877

15/01/2024

A smuggler for a day: how migrants pass through Bulgaria
The story of a driver who transported refugees via the black market in Telegram

Tap the link in the bio to read the full story.

16/11/2023

Last year was unprecedentedly good for grain and it came after an equally strong one. But it is all but certain that the next two would be rough for the sector. The key factor driving wheat, corn, and sunflower production and trade has a name - Ukraine. Putin's invasion of the country has shuffled the grain market significantly.

Bulgarian grain growers and retailers earned higher revenues and profits in 2022, but face tough seasons ahead

09/11/2023

Bulgaria's Ficosota Food is launching the construction of a 30 million euro factory for oven baked bread circles Bruschette Maretti, one of its landmark products. The investment comes just two years after the company, part of Ficosota Group of the Kyurkchiev brothers, built a special facility for its My Motto wafers. All production bases of the group are located in the city of Shumen, northeastern Bulgaria, and so will be the new one, Krasen Kyurkchiev, founder and co-owner of Ficosota, told the Capital Weekly.

The factory will start operating in 2025, pushing the annual sales of the product to 400 million levs

09/11/2023

Afew years ago, Bulgaria made significant strides when it entered the Exchange Rate Mechanism II (ERM II), signaling its intention to adopt the euro by 2024. This achievement was seen as a promising development demonstrating Bulgaria's commitment to align its currency with the euro. However, since then the country has faced a political turmoil and challenges in meeting its commitments, including the necessary legislative changes, such as amendments to the Insurance Code, to facilitate euro adoption. These obstacles derailed the initial timeline.

Bulgaria's government is targeting January 1, 2025, as the date for adopting the euro. A potential stumbling block could be the price stability criterion

07/11/2023

Finance is full of numbers and formulas, but there are also many parameters for which no golden rule exists. In this case it is management style and intuition that make it or break it. One such decision is how much debt financing a company should use.

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

07/11/2023

The reformist candidate for mayor of Sofia - IT entrepreneur Vassil Terziev - wins the runoff in the capital by fewer than 5,000 votes against trade unionist Vanya Grigorova. GERB loses Varna and Blagoevgrad, but wins Pleven, which will all have new mayors. There will be a change of the long-standing guard in Kyustendil and Pazardzhik, but also another mandate for the incumbents in Ruse (BSP), Veliko Tarnovo, Haskovo and Smolyan (all GERB) - these are the main takeaways of the second round of mayoral elections on November 5

Record-low turnout, a very colorful picture across the country and a vengeful Borissov