Bulgaria capitals

EBRD and CEECAT Capital exit Bulgarian Monbat under MBO deal

SOFIA (Bulgaria), June 29 (SeeNews) – Bulgarian car battery manufacturer Monbat [BUL:MONB] said the European Bank for Reconstruction and Development (EBRD) and private equity firm CEECAT Capital exited their joint stake in the company. The two shareholders disposed of their stakes through a management buyout (MBO) transaction with HoldCo Investment, which is indirectly owned by […]

Bulgaria capitals

Sofia, the Bulgarian capital, becomes the Covid-19 yellow zone – The Sofia Globe

The Bulgarian capital, Sofia, has crossed the threshold to be upgraded from Covid-19 green zone to yellow zone, according to the June 28 update of the Unified News Portal. A yellow zone means a morbidity rate between 100 and 249.9 per 100,000 population on a 14-day basis. As of June 28, Sofia’s 14-day morbidity rate […]

Bulgaria capitals

Beginning of the implementation of the Shipka tunnel project in Bulgaria

The Shipka Peak tunnel in the Balkan mountain range in Bulgaria will be carried out by the PSVT consortium. Bulgaria has awarded the design-build contract for the tunnel, which is part of the Gabrovo city bypass, for around US$200 million. The tunnel will pass under Shipka Peak, which rises 1,329 meters above sea level in […]

Bulgaria capitals

IMF Concludes 2022 Article IV Consultation with Bulgaria

Washington D.C.: On Friday, June 17, 2022, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Bulgaria and reviewed and approved the staff assessment without a meeting.[1] The Bulgarian economy has shown resilience during the pandemic. Thanks to political support, the economy rebounded in 2021 despite the health crisis […]

Bulgaria capitals

Bulgaria’s vote of no confidence could hamper EU enlargement

Sofia, Bulgaria — Bulgarian lawmakers on Wednesday approved a no-confidence motion against the country’s minority coalition government that could topple the centrist prime minister and further block Balkan countries’ efforts to join the European Union. The centre-right opposition GERB party tabled the motion last week, accusing the government of mismanaging public finances and economic policy […]

Bulgaria capitals

SeedBlink launches second round of funding in Bulgaria for Agriniser, an agritech startup

SeedBlinkthe European investment platform specializing in financing and scaling up technology startups, is launching a new funding round for Farmer, the Bulgarian company Agritech based in the United Kingdom, which has developed a digital market where one can buy and sell cereals. The funds will be used to support the startup’s expansion plans, with a […]

Bulgaria capitals

Bulgarian capital braces for series of protests as fate of government must be decided – The Sofia Globe

The Bulgarian capital, Sofia, is expected to see a series of large-scale protests in the week in which Prime Minister Kiril Petkov’s government faces a parliamentary vote of no confidence. Following the spontaneous demonstration outside the Parliament on June 16 after opposition parties banded together to vote against Nikola Minchev as Speaker of the National […]

Bulgaria capitals

Thousands of people turned out for Sofia Pride 2022 in Bulgaria – The Sofia Globe

Several thousand people moved on June 18 for the 15e Sofia Pride, the annual demonstration for equal rights of LGBTI people in Bulgaria. The weather in the Bulgarian capital, alternating rain and partly cloudy, did not prevent the organizers from waiting for a record attendance. Sofia Pride describes itself as “an annual pride march in […]

Bulgaria capitals

Bulgaria sets date for no-confidence vote amid protests

Protesters gather in support of the government in Sofia, Bulgaria on June 17. Photo by Svetoslav Todorov. The Bulgarian coalition will face a vote of no confidence next Wednesday, June 22, preceded by an emergency debate on Tuesday, Parliament announced on Friday. The minority cabinet of ‘We continue the change’ mandate holders, their closest allies […]

Bulgaria capitals

Bulgarian Monbat shareholders approve dividend distribution for 2021

SOFIA (Bulgaria), June 15 (SeeNews) – Bulgarian battery manufacturer Monbat [BUL:MONB] said its shareholders had approved the proposed payment of a gross dividend for 2021 in the amount of 5.5 million levs (2.9 million dollars/2.8 million euros), or 0.141 levs per share . The proposal was unanimously approved by investors attending the company’s general meeting […]

Bulgaria capitals

The Socialist Art Museum of Bulgaria presents the exhibition “The Last First” – The Sofia Globe

An exhibition called “The Last First” at the Museum of Socialist Art in the Bulgarian capital Sofia will be open to the public from June 17 to October 23, 2022. Nikolai Ushtavaliiski, Deputy Director of the National Gallery and curator of the exhibition, explains: “Through the image of Todor Zhivkov in the works of Bulgarian […]

Bulgaria capitals

Bulgarian municipality of Sofia sues over passport of child of same-sex couple – The Sofia Globe

The Municipality of Sofia filed a cassation appeal before the Administrative Court of Sofia against the obligation to issue the birth certificate necessary for a passport for the child of a same-sex couple, despite a decision by the Court of European justice, LGBTQ+ rights organization Deystvie said on June 13. In this high-profile case, the […]

Bulgaria capitals

Scholz fails to break through with Bulgaria over North Macedonia’s EU bid – POLITICO

German Chancellor Olaf Scholz pushed Bulgaria to lift its blockade on North Macedonia’s EU bid during a visit to Sofia on Saturday, but failed to move the long-running dispute forward. Scholz, who stopped in Sofia on a tour of the region’s main capitals, said after a meeting with Bulgarian Prime Minister Kiril Petkov he saw […]

Bulgaria capitals

Sofia stock indices close evenly, Korado Bulgaria leads declines

SOFIA (Bulgaria), June 10 (SeeNews) – Two of the four main indices of the Bulgarian Stock Exchange (BSE) ended the trading week down, with First Investment Bank, or Fibank, [BUL:FIB] set the tone for top-notch losers, according to exchange data. The SOFIX index edged down 0.04% to 620.06 points as losses were covered by a […]

Bulgaria capitals

Bulgarian company Digitall to expand into Poland targeting major Central and Eastern European hub

SOFIA (Bulgaria), June 9 (SeeNews) — Technology and business consultancy Digitall announced on Thursday that it is expanding its presence in Poland in a bid to strengthen its position in the digital transformation and cloud experience in Europe. The company, formed in early 2021 by the merger of Bulgarian software company Bulpros and German ec4u, […]

Bulgaria capitals

US-funded renovation of Thracian tomb near Sveshtari in Bulgaria unveiled – The Sofia Globe

The newly renovated Thracian tomb near Sveshtari in northeastern Bulgaria was inaugurated on June 7, according to a statement from the US Embassy in Sofia. The renovations were made possible by the American Ambassadors Fund for Cultural Preservation (AFCP), which provided more than 330,000 leva to preserve the UNESCO-designated cultural treasure for future generations to […]

Bulgaria capitals

Calendar of events in Bulgaria on June 8

SOFIA (Bulgaria), June 6 (SeeNews) – Below is a calendar of corporate, economic and political events taking place in Bulgaria or related to Bulgaria between June 10 and June 30. *Wednesday, June 8 – Sofia: Statistics Office will release data on Bulgaria’s Gross Domestic Product (GDP) for the first quarter of 2022 *Wednesday, June 8 […]

Bulgaria capitals

Bulgarian Trace Group Hold expands against Q1 net loss

SOFIA (Bulgaria), June 3 (SeeNews) – Bulgarian construction company Trace Group Hold [BUL:T57] said its consolidated net loss increased to 1.8 million levs ($989,360/920,325 euros) in the first quarter of 2022, from 559,000 levs a year earlier, as revenue fell 5.9% on the same period. Trace Group Hold’s total revenue amounted to 20.7 million levs […]

Bulgaria capitals

Financier predicts a significant reduction in inflation for Bulgaria in 2023 – Novinite.com

“Inflation struggles with a conservative fiscal policy and declines economic growth. It will continue to be high, but it will stabilize and decrease. We can note a percentage of side effects, even two, but the rhythm slows down. We will see a significant reduction in inflation in 2023. If we continue to pump consumption, we […]

Bulgaria capitals

Is Bulgaria the weak link in Europe’s fight against Russian disinformation? (Capital)

This article is published in collaboration with Capital as part of a content series on threats to independent media in Central Europe. Read more. The article is also available for reading on Capital’s website. If the media is seen as a weapon in times of war, Bulgaria risks shooting itself in the foot. Western nations […]