Bulgaria capitals

Bulgaria’s 2022 budget revision should provide buffers against refugee wave and inflation

SOFIA (Bulgaria), March 16 (SeeNews) – The planned revision of the Bulgarian state budget for 2022 should provide significant reserves to cope with an expected wave of refugees from Ukraine and the acceleration of the inflation, said Finance Minister Assen Vassilev. “Europe and the world are very different in terms of trade, supply chains, large […]

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Bulgarian bank UniCredit Bulbank plans to distribute all 2021 profits as a dividend

SOFIA (Bulgaria), March 14 (SeeNews) – Bulgarian bank UniCredit Bulbank, part of the Italian UniCredit group, plans to distribute as a dividend all of its profit of 313.8 million leva (175.7 million dollars/160.4 million euros) reported for the last year, local media reported Monday. A decision on the payment of the proposed dividend will be […]

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Bulgaria to spend 560 million euros to increase grain reserves

SOFIA (Bulgaria), March 9 (SeeNews) – Bulgaria will spend 1.1 billion levs ($617 million/€562 million) to buy grain to boost state reserves, it was announced on Wednesday the government. The funds will be made available through a capital increase of the public agricultural company Sortovi Semena-Elit and are intended to guarantee the country’s food security […]

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Hundreds protest against COVID-19 mandates in Bulgarian capital

SOFIA, Bulgaria — Several hundred people opposed to COVID-19 mandates held a protest rally in the Bulgarian capital on Wednesday. Demonstrators waved national flags and banners of the nationalist Revival party, which organized the protest. They also chanted “Resignation” and “Freedom”, calling on the government to step down for its “inability to manage the health […]

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Passenger numbers at Bulgarian Varna and Burgas airports soar in January

SOFIA (Bulgaria), February 16 (SeeNews) – Total passenger traffic at the Bulgarian airports of Varna and Burgas rose to 58,449 in January from 22,177 in the same month of 2021, said the German group Fraport, which operates the two coastal airports. “The Fraport Group’s airports worldwide continued to show a positive passenger trend in January […]

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Bulgarian CoLumbo raises 2.1 million euros in a funding round

SOFIA (Bulgaria), February 16 (SeeNews) – Bulgarian lumbar spine analysis software CoLumbo has closed a €2.1 million ($2.4 million) funding round backed by local capital firms -venture (VC) Eleven Ventures and BrightCap Ventures, Sofia-based media reported. The round was joined by individual investors, business newspaper The Recursive reported on Tuesday. CoLumbo provides radiologists with pathology […]

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Sofia stock indices fall, Industrial Holding Bulgaria loses 5.3%

SOFIA (Bulgaria), February 10 (SeeNews) – Stock indices of the Bulgarian Stock Exchange (BSE) closed in negative territory on Thursday, mainly dragged down by a drop in the Industrial Holding Bulgaria share price [BUL:IHB] and venture capital firm Eleven Capital [BUL:11C]stock market data showed. The blue-chip SOFIX index lost 0.98% to 623.15 points, hurt by […]

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Telematic Interactive Bulgaria to launch Sofia IPO on February 14

SOFIA (Bulgaria), February 3 (SeeNews) – Online betting and gaming company Telematic Interactive Bulgaria will launch an initial public offering (IPO) of 20 million leva ($11.5 million/10.2 million euros) on the Bulgarian Stock Exchange on February 14, said Telematic VoirActualités. Telematic intends to raise its capital by 10% by offering investors 400,000 new shares, the […]

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Ghana and Bulgaria commemorate 60 years of diplomatic relations

Honorary Consul Nicolas van Staalduinen, Ambassador Yanko Yordanov and President Akufo-Addo The Republic of Ghana and the Republic of Bulgaria have a long-standing relationship that dates back to the early 1960s under the presidency of Ghana’s first President, Dr. Kwame Nkrumah. Indeed, the cordial relationship that was established during the period has blossomed over the […]

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Bulgaria posts new record of 12,399 daily COVID infections

A patient recovering from the coronavirus disease (COVID-19) is pictured at the intensive care unit (ICU) of the Lozenetz hospital in Sofia, Bulgaria January 24, 2022. REUTERS/Stoyan Nenov Join now for FREE unlimited access to Reuters.com Register SOFIA, Jan 26 (Reuters) – Bulgaria reported a record 12,399 coronavirus infections in a single day on Wednesday, […]

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Bulgarian Morningside Hill invests 1 million euros in Fidelitas Lab

SOFIA (Bulgaria), January 19 (SeeNews) – Bulgarian venture capital fund Morningside Hill has invested approximately 1 million euros ($1.13 million) in local Fidelitas Lab, the operator of an independent laboratory for grains and oilseeds, Sofia-based media reported on Wednesday. The investment will allow the company to expand the scope and capabilities of the laboratory through […]

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Calendar of events in Bulgaria January 18

SOFIA (Bulgaria), January 18 (SeeNews) – Below is a calendar of corporate, economic and political events taking place in Bulgaria or related to Bulgaria until January 31. Tuesday 18 January – Sofia: Bulgarian investment company HR Capital makes its debut on the BEAM market of the Bulgarian Stock Exchange (BSE); Tuesday 18 January – Sofia: […]

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Bulgarian company HR Capital trades on the Sofia Stock Exchange

SOFIA (Bulgaria), January 18 (SeeNews) – Bulgarian investment company HR Capital [BUL:HRC] debuted on the BEAM SME growth market of the Bulgarian Stock Exchange (BSE) after a successful initial public offering (IPO) in December, the exchange said on Tuesday. As of 3:05 p.m. CET, shares of HR Capital were trading up 11.57% at 6.75 levs, […]

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The tender for the Greece-Bulgaria electricity link will be concluded by the end of January

SOFIA (Bulgaria), Jan 14 (SeeNews) – A new 400 kV electricity interconnector between Greece and Bulgaria is in its home stretch, with the tender in Greece expected to close at the end of January, regional media reported . The company, a European Project of Common Interest (PCI), is expected to increase capacity in the Bulgaria-Greece […]

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Daily coronavirus infections in Bulgaria at record high

A man, wearing a protective face mask, boards a train, amid the spread of the coronavirus disease (COVID-19), in Sofia, Bulgaria October 27, 2020. REUTERS/Stoyan Nenov Join now for FREE unlimited access to Reuters.com Register SOFIA, Jan 12 (Reuters) – Bulgaria’s daily coronavirus infections hit a record 7,062 on Wednesday, largely fueled by the highly […]

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Bulgaria detects first cases of Omicron coronavirus variant

A sign reading “Please keep the distance” is visible on the floor inside the Paradise shopping center after Bulgaria reopens the malls, easing some of the restrictions related to the coronavirus disease (COVID-19), in Sofia , Bulgaria, February 2, 2021. REUTERS / Stoyan Nenov Register now for FREE and unlimited access to Reuters.com Register SOFIA, […]

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EBRD to lend an additional € 20 million to Bulgarian Sofia Med

SOFIA (Bulgaria), Dec.29 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) has announced that it will grant a new loan of 20 million euros ($ 22.6 million) to the Bulgarian manufacturer of Sofia Med copper products to help meet investment needs as part of its sustainable growth. The funds will allow Sofia Med […]

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Top 10 things to know about arbitration in Bulgaria

Being an EU member state and party to the New York Convention (NYC), the Republic of Bulgaria is an attractive destination to locate the seat of your arbitration proceedings. This is especially true if you are looking for a neutral location where travel, accommodation and other costs would be considerably lower than other European jurisdictions […]

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Bulgarian Dronamics Capital begins trading on Sofia stock exchange

SOFIA (Bulgaria), December 23 (SeeNews) – Dronamics Capital [BUL:DRON], a company linked to Bulgarian cargo drone maker Dronamics, made its debut in the Bulgarian Stock Exchange’s (ESB) SME growth market BEAM following a successful initial public offering (IPO), the exchange said on Thursday . “We welcome Dronamics Capital, which is on the verge of making […]

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HR Capital’s IPO in Bulgaria 11 times oversubscribed

SOFIA (Bulgaria), Dec. 15 (SeeNews) – The initial public offering (IPO) of shares in investment firm HR Capital has been oversubscribed almost 11 times, the Bulgarian Stock Exchange (ESB) reported on Wednesday. The company raised nearly 1.5 million levs (864,000/766,900 euros) during the IPO on ESB’s small and medium-sized enterprise (SME) growth market BEAM, the […]

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Passenger traffic at Bulgarian airports in Burgas and Varna increased 86% year-on-year from January to November

SOFIA (Bulgaria), December 14 (SeeNews) – Passenger traffic at Bulgarian airports in Varna and Burgas increased 86.4% per year to almost 1.9 million in the eleven months to November, said the German group Fraport, which operates the two coastal airports. Passenger traffic at Varna Airport increased 59.9% year-on-year to 954,433 over the January-November period, while […]

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Dronamics Capital’s IPO in Bulgaria is 4.5 times oversubscribed

SOFIA (Bulgaria), December 2 (SeeNews) – The initial public offering (IPO) of shares in Dronamics Capital, a company set up to invest in Bulgarian cargo drone maker Dronamics, was almost 4.5 times oversubscribed, has declared the Bulgarian Stock Exchange (BSE) on Thursday. The company raised the entire planned funding of nearly 6 million levs ($ […]

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The increase in the ceiling of Doverie-Invest in Bulgaria is entered in the commercial register

SOFIA (Bulgaria), November 16 (SeeNews) – Diversified Bulgarian group Doverie United Holding [BUL:DUH] indicated that the capital increase of 2 million levs (1.2 million dollars / 1.0 million euros) of its wholly-owned subsidiary Doverie-Invest was entered in the register of public limited companies on November 12. The share capital of Doverie-Invest now stands at 7 […]

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Bulgarian centrist party launches coalition talks after surprise election victory

Kiril Petkov and Assen Vassilev, leaders of the new Bulgarian centrist party “We continue the change”, react after the first exit polls in the parliamentary and presidential elections, in Sofia, Bulgaria, on November 14, 2021. REUTERS / Stoyan Nenov / File Photo Register now for FREE and unlimited access to Reuters.com Register SOFIA, Nov. 16 […]

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Deaths 50% above normal in Bulgaria, the least vaccinated country in the EU – Eurostat

A doctor treats patients with coronavirus disease (COVID-19) in the intensive care unit (ICU) of Pirogov Hospital in Sofia, Bulgaria on October 15, 2021. REUTERS / Stoyan Nenov Register now for FREE and unlimited access to Reuters.com Register Nov. 16 (Reuters) – More than 50% more people died in Bulgaria than usual in September, official […]

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Bulgarian BlackPeak Capital acquires minority stake in Romanian Verdino Green Foods

SOFIA (Bulgaria), Nov. 5 (SeeNews) – Bulgaria-based private equity firm BlackPeak Capital, through the BlackPeak Southeast Europe Growth Equity Fund, has purchased a minority stake in the Romanian-based meat substitute company of Verdino Green Foods plants, Verdino said. The capital provided should allow Verdino to accelerate its growth and support its international expansion, Romanina said […]

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CEZ Distribution Bulgaria cuts net profit to 9 months due to higher expenses

SOFIA (Bulgaria), November 1 (SeeNews) – Electricity grid operator CEZ Distribution Bulgaria [BUL:CEZD] said its self-sustaining net profit fell to 27.1 million lev ($ 16.3 million / 13.9 million euros) during the period January-September 2021, from 37.1 million lev. during the same period of last year. CEZ Distribution Bulgaria’s expenses reached 260.4 million Lev in […]

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The raising of the limit of Infinity Capital in Bulgaria is entered in the commercial register

SOFIA (Bulgaria), October 28 (SeeNews) – Bulgarian real estate investment company Infinity Capital has announced that its capital increase via a new share issue has been entered in the register of public companies on October 27. The share capital of Infinity Capital now stands at 1.45 million levs (862,800/741,400 euros) divided into 1,454,883 ordinary shares […]

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Bulgarian Doverie United Holding increases capital of Doverie-Invest unit

SOFIA (Bulgaria), October 28 (SeeNews) – Diversified Bulgarian group Doverie United Holding [BUL:DUH] announced that it would increase the capital of its wholly-owned subsidiary Doverie-Invest by 2 million levs (1.2 million dollars / 1.0 million euros). Doverie United Holding will subscribe and pay 2,000,000 new ordinary shares at a price of 1 lev each in […]

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Bulgarian OfficeRnD raises $ 10 million in funding round led by US Runa Capital

SOFIA (Bulgaria), Oct.27 (SeeNews) – Bulgaria-registered software solutions provider OfficeRnD said it had raised $ 10 million (€ 8.6 million) in a funding round led by US venture capital firm Runa Capital and joined by Flashpoint Venture Capital and Sofia-based LAUNCHub Ventures. The company will use the funds to significantly advance its products, forge new […]

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C-bank lowers Bulgaria’s GDP growth forecast for 2021 to 3.9%

SOFIA (Bulgaria), Oct.22 (SeeNews) – Bulgaria’s real gross domestic product (GDP) is expected to grow 3.9% in 2021, the central bank said, lowering its previous projection of 4.1% for economic growth This year. Economic growth should then accelerate to 4.7% in 2022 before slowing to 3.8% in 2023, the National Bank of Bulgaria (BNB) said […]

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Passenger traffic at the Bulgarian airports of Varna and Burgas increased by 85% year-on-year from January to September

SOFIA (Bulgaria), October 19 (SeeNews) – Passenger traffic at Bulgarian airports in Varna and Burgas grew 84.8% per year to over 1.7 million in the nine months to September, reported the German group Fraport, which operates the two coastal airports. Passenger traffic at Varna airport increased by 57% over the year to reach 824,551 during […]

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EC supports completion of Belene nuclear power plant project in Bulgaria

SOFIA (Bulgaria), October 18 (SeeNews) – The European Commission will support Bulgaria if the country decides to complete the project to build a new nuclear power plant (NPP) in Belene, said Commission Vice-President Frans Timmermans, as Sofia prepares to negotiate with the European executive a deadline for the closure of polluting coal plants. “We will […]

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Bulgarian REIT FairPlay Properties opens proceedings to raise the ceiling

SOFIA (Bulgaria), October 14 (SeeNews) – Bulgarian Real Estate Investment Fund (REIT) FairPlay Properties [BUL:FPP] has launched a capital increase procedure by exercising warrants. FairPlay Properties REIT intends to offer warrant holders up to 219,517,800 voting common shares of 1 lev par value each, the REIT said in a stock exchange filing on Wednesday. The […]