Bulgaria

MTG confirms sale of Bulgaria’s Nova Group to Petr Kellner

Denitsa Koseva in Sofia February 19, 2018

Deal gives Central Europe's richest man significant influence on the Bulgarian media market, which is on the brink of a new wave of M&A.

Thousands join far-right march in Bulgarian capital

Denitsa Koseva in Sofia February 18, 2018

March to commemorate pro-Nazi WW2 general was officially condemned by the authorities but one organiser claimed it had top level political support.

Bulgaria’s Deputy PM admits his hard right United Patriots are "unstable"

Denitsa Koseva in Sofia February 13, 2018

Growing rifts among the nationalist United Patriots put their future as the junior coalition partner of Boyko Borissov's Gerb at risk but the prime minister has other options to keep his government in office.

A new PR disaster for Bulgaria's EU presidency as deputy PM launches racist attack on German MEP

Denitsa Koseva in Sofia February 11, 2018

Boyko Borissov’s government attempts damage control after far-right coalition partner Valeri Simeonov calls for “green jihadist” Ska Keller to be deported to Turkey for joining protests against ski resort in Bulgarian national park.

US starts reviewing Bulgarian tycoon Vassilev’s plea for help

Denitsa Koseva in Sofia February 8, 2018

Vassilev, the majority shareholder of bankrupt Corpbank through which billions of euros of taxpayers’ money were allegedly siphoned off, asked for help under the Magnitsky act after being indicted in Bulgaria.

Bulgaria has Europe’s largest grey economy, IMF says

bne IntelliNews February 8, 2018

The shadow economy accounts for almost 30% of Bulgaria's GDP, higher than in any other European country, finds a new IMF report.

INTERVIEW: CEE embraces the digital transformation

Ben Aris in Berlin January 26, 2018

The world is going through a digital transformation that could be as significant as the advent of the Internet and IBM is playing an active role in that change in CEE.

51% of Bulgarians believe democracy is at risk, poll shows

bne IntelliNews January 25, 2018

Series of killings that many suspect are political leave Bulgarians questioning the state of democracy in their country, while an overwhelming majority believe Bulgaria is poor and corrupt.

M&A in Emerging Europe fell 17% in 2017 to €71.5bn, according to CMS/EMIS report

bne IntelliNews January 24, 2018

China becomes biggest foreign dealmaker in the region, making €7.7bn of acquisitions, up 78%.

Share of NPLs falls in EU but still at high levels in SEE

bne IntelliNews January 23, 2018

NPLs have been a severe problem in both Central and Southeast Europe since the global financial crisis, and remain particularly high in Bulgaria, Croatia and Slovenia.

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