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Bulgaria Business

Balkan and Sea Properties’ Proposed Purchase of Spring Property: Benefits, Risks, and FAQ

BulgariaFocus010 mins

Balkan and Sea Properties is set to diversify its portfolio and increase its exposure to Bulgaria’s real estate market with the proposed purchase of Spring Property owned by Vasil Bozhkov. The potential acquisition offers numerous advantages, including the expansion of its asset base, access to new properties, and increased investment activities in the market. However, there are risks associated with the purchase, including integration complications and potential negative impacts on the company’s financial position. Shareholder approval is required for the acquisition, and while there may be challenges, Balkan and Sea Properties will likely work to gain support from its shareholders.

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WindowMaster and Bulgarian Construction Company Partner to Promote Sustainable Building Automation Solutions

BulgariaFocus05 mins

Danish company WindowMaster has teamed up with a leading Bulgarian construction company to promote sustainable building automation systems in Bulgaria. In an effort to provide advanced and sustainable building automation solutions to the Bulgarian construction industry, WindowMaster will provide exclusive access to its automated window and ventilation systems. With increased automation, buildings can be made more energy-efficient and environmentally friendly while improving the quality of life for occupants. The partnership is expected to expand to deliver new and innovative automation solutions in the Bulgarian construction industry.

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The Barcelonagate Scandal: A Comprehensive Overview of Alleged Money Laundering Scheme Involving Bulgarian Political Party Leader and Chief Prosecutor

BulgariaFocus08 mins

The ‘Barcelonagate’ scandal has rocked Bulgarian politics, raising the issue of corruption in Bulgarian society. With the alleged involvement of the GERB leader and multiple businessmen in a money laundering scheme, the scandal has sparked a range of reactions from the public and political opposition. The article provides a comprehensive overview of the scandal, including the background of the GERB leader and Chief Prosecutor, specifics of the scandal, response from the Chief Prosecutor, public reaction, and potential outcomes. The scandal remains a significant event in Bulgarian politics, with long-lasting consequences yet to be seen.

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Transfer of Madlen Deposit Concession to Riolitis to Bring Significant Support to Bulgaria’s Construction Industry: Overview and Plans

BulgariaFocus011 mins

Bulgaria’s construction industry is set to receive a significant boost with the transfer of the Madlen deposit concession to Riolitis from Euroslag, approved by the Ministry of Energy. With an estimated reserve of 2.63 million tonnes of marl and 1.75 million tonnes of limestone, this deposit holds potential for the industry, providing a stable supply of high-quality raw materials for construction products. The development of the deposit aims to generate employment opportunities, support local producers, benefitting the local economy, and reducing the industry’s dependence on imports. However, the transfer has also met with opposition from environmental organizations and local communities concerned about the potential environmental impact.

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Bulgarian bottle cap manufacturer Herti reports significant increase in net profit in Q1 of 2023.

BulgariaFocus03 mins

Key Points: – Herti, a Bulgarian bottle cap manufacturer, reported an increase in its consolidated net profit for the first quarter of 2023. – The company’s net profit rose to 2.92 million levs ($1.6 million/1.5 million euro) compared to 1.62 million levs in the same period last year. – Herti attributed the increase in net…

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Telelink Business Services Group: IPO Plans, Balkan Expansion, and Innovation Focus”

BulgariaFocus04 mins

Telelink’s major shareholders plan to sell up to 25% stake on BSE Telelink Business Services Group’s three major shareholders, including CEO Lyubomir Minchev, are looking to sell up to a quarter of the company’s equity stake on the regulated market of the Bulgarian Stock Exchange (BSE). The proposed sale is aimed at increasing the group’s…

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Analysis of Bulgaria’s 28% YoY Decrease in Electricity Production in March 2021

BulgariaFocus03 mins

Monthly decrease in electricity production is ever a good sign, but the statistics revealed by Bulgaria’s National Statistical Institute are worth analyzing. Here are the key points that summarize the article: * Bulgaria’s electricity production fell by 28% YoY in March 2021. * The country produced 3,705 GWh of electricity, which represented a monthly decrease…

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Tobacco Farming and its Adverse Impact on Health and Environment in the WHO European Region

BulgariaFocus03 mins

Introduction Tobacco farming is heavily subsidized in some countries of the WHO European Region. These subsidies incentivize farmers to use large areas of fertile land to grow tobacco rather than healthy foods. This practice has an adverse impact on people’s health and the environment. Subsidies and Tobacco Farming Tobacco farming subsidies are common throughout the…

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Bulgaria’s Economy Shows Resilience with Positive Trends in Business Sentiment, Industrial Production, and Tourism Industry Recovery

BulgariaFocus04 mins

This news is welcomed in a climate of global economic uncertainty and serves as a testament to the resilience of Bulgaria’s economic policies. Positive Business Sentiment The rise in the overall business sentiment indicator in May is a clear indication of a positive outlook among business owners and managers in Bulgaria. This indicator takes into…

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Winbet Partners with Wazdan to Bring Top-Quality Gaming Portfolio to Bulgarian Market

BulgariaFocus02 mins

The partnership will allow Winbet to offer its players a range of exciting games from Wazdan’s extensive and diverse collection. Wazdan’s gaming portfolio is renowned for its innovation, high-quality graphics, and unique features. The collection includes popular titles such as 9 Lions, Magic Stars 3, and Lucky Fish. The provider’s games are optimized for mobile…

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