Last newsHBCB NewsIn focusPoliticsEconomySpotlight from GreeceSpotlight from CyprusMember NewsHronia polla!NewsletterSubscribe to HBCB newsletterUnsubscribe
Follow HBCB on Linkedin
Bulgaria has Second Highest Percentage of Non-Investing Companies in EU - EIB
10 Dec 2018The percentage of Bulgarian companies which made no investments in the last financial year is the second highest in the European Union, and the local business is even less optimistic about investments in 2018, mainly due to lack of skilled workers and uncertainty about the future, according to a survey by the European Investment Bank (EIB) presented on Friday. view more
Fitch Affirms Bulgarian Development Bank at 'BBB'; Outlook Stable
07 Dec 2018Fitch Ratings said on Thursday that it has affirmed state-owned Bulgarian Development Bank's (BDB) Long-Term Issuer Default Rating (IDR) and Support Rating Floor (SRF) at 'BBB', as well as its Short-Term IDR at 'F2' and Support Rating (SR) at '2'. view more
Bulgaria Picks Karina Karaivanova to Become Its New Representative to EBRD
06 Dec 2018Bulgaria's government said on Wednesday it nominated Karina Karaivanova, currently chair of the Financial Supervision Commission, to become the country's new representative to the European Bank for Reconstruction and Development (EBRD). view more
CEZ Distribution Bulgaria Signs Framework Deals Worth 2.3 Mln Euro with Tilcom
05 Dec 2018CEZ Distribution Bulgaria, majority owned by Czech power utility group CEZ, said on Tuesday that it has signed three framework agreements for supply of lids for cable shafts with local Tilcom, worth an estimated total of 4.6 million levs ($2.7 million/2.3 million euro).
Inercom Says Remains Committed to Completing Buy of CEZ Assets in Bulgaria
04 Dec 2018Inercom Bulgaria said on Monday that it is working towards receiving regulatory approval and completing its deal with CEZ for the acquisition of the Czech energy group's assets in Bulgaria. view more
Bulgaria to Start Work on Transit Gas Pipeline from Turkey to Serbia by Yr-End
03 Dec 2018Bulgaria's parliament adopted on Friday changes to the country's energy strategy, mandating gas transmission system operator Bulgartransgaz to start work, by the end of the year, on expanding the gas infrastructure system from the border with Turkey to the border with Serbia. view more
Bulgaria's Sopharma Cuts 9-Mo Cons Net Profit despite Rise in Sales
30 Nov 2018Bulgarian drug maker Sopharma said on Thursday that its consolidated net profit, excluding interest attributable to minority shareholders in the group's subsidiaries, fell to 30.0 million levs ($17.4 million/15.3 million euro) in the first nine months of the year from 32.7 million levs in the same period of 2017.
Bulgarian Regulator Suspends Retail Management Buyout Bid for Park REIT
29 Nov 2018Bulgaria's financial regulator said that it has temporarily suspended a buyout bid by Retail Management for the remaining 39.88% stake in Park REIT it does not already own, priced at 0.30 levs ($0.17/0.15 euro) per share.
Bulgaria's Eleven Ventures Invests in Eight Local Startups
28 Nov 2018Bulgarian venture capital fund Eleven Ventures said on Tuesday that it has invested between 100,000 and 300,000 euro ($113,000-226,000) in each of eight local startup companies through its second investment fund, Eleven 2.0. view more
Subscribe to HBCB newsletter
Anti-Trust Body Fines A1 Bulgaria over Abuse of Superior Bargaining Position
27 Nov 2018Bulgaria's competition regulator said on Monday that it has imposed an 804,340 levs ($467,500/411,200 euro) fine on telco A1 Bulgaria, part of A1 Telekom Austria group, over the company's abuse of superior bargaining position regarding its relations with local retailer Handy-Tel, which offered A1's mobile devices and services. view more