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Business Industry Capital
BIC Capital Market Ltd. 
ISSN 1311-364X
Thursday, 22 January 2026, Issue 6604
  Bulgaria   Investments   Bulgarian Industrial Association   World   Discover Bulgaria

       Bulgaria
 
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BNB Exchange Rates
(22.01.2026)
  GBP   1.14360  
USD   0.85190
CHF   1.07900
EUR/USD   1.1739*
ECB exchange rate
Basic Interest Rate
  as of 01.12   1.81%  


Bulgarian Stock Exchange - 21.01.2026
Total turnover (EUR): 1 001 481.88  
Traded companies: 52
Premium 327 697.13
Standard 372 534.84
REIT 11 125.46
Structured 63 505.08
EuroBridge 78 384.77
BEAM - Shares: 148 234.60
BaSE - Shares: 1 980.00
Biggest change
Petrol JSC - Lovetch 13.64 %
Stara Planina Hold JSC - Sofia -12.92 %

Hospital activities
BEIS rating
Top 10 companies by
Total income
for 2024
(thous. BGN)
  
  1   Saint George University Multi-profile Hospital for Active Treatment SPJSC - Plovdiv   311 638  
  2   Multi-profile Hospital for Active Treatment "Heart and Brain" SPJSC - Sofia   257 539  
  3   Acibadem City Clinic Tokuda Hospital SPJSC - Sofia   246 686  
  4   University multi-profile Hospital for Active Treatment (MBAL)-St. Marina SPJSC - Varna   229 566  
  5   Acibadem city clinic SPJSC - Sofia   220 372  
  6   University Multi-Profile Hospital for Active Treatment St. Ivan Rilski SPJSC - Sofia   214 167  
  7   University Multi-Profile Hospital for Acute Care SofiaMed LTD - Sofia   207 610  
  8   UMHATE-N.I.Pirogov SPJSC - Sofia   184 461  
  9   Multi-profile Hospital for Active Treatment (MBAL) - Uni Hospital LTD - Panagyurishte   180 417  
  10   University multi-profile hospital for active treatment Palmed LTD - Plovdiv   168 793  
Make your own Bulgarian companies rating in BEIS



Financial news

The Council of Ministers approved a decision on the implementation of provisions of the so-called extension law on the budget, related to the indexation of the remuneration of employees in budgetary organizations. Based on the information provided by the National Statistical Institute (NSI), it is determined that for the purposes of implementing the provision of the extension law, the accumulated annual inflation as of December 31, 2025 is 5 percent. The salaries of workers and employees in budgetary organizations will be indexed by 5%, starting from January 1, 2026. When implementing the cited provision, the amounts of the basic monthly salaries reached as of December 31, 2025 in budgetary organizations cannot be reduced or increased within the framework of the position held, i.e. no regulatory acts and other mechanisms for increasing salaries are applied, except for the increase explicitly provided for in the extension law, namely an increase in the salaries of those employed on a minimum wage and a one-time indexation in the amount of the accumulated annual inflation as of December 31, 2025 in the amount of 5 percent for all others in the budgetary sphere.

Source: BTA

Bulgarians living and working abroad continue to transfer significant amounts to their loved ones and relatives at home. The latest data from the Bulgarian National Bank indicate that 104.5 million euros were transferred in November. The data are preliminary, i.e. they may change in the coming months, but for now they are the lowest since last January. Remittances from emigrants are over 100 million euros for the 24th consecutive month. The peaks in 2025 were recorded in May - 141.5 million euros, and in March 130.5 million euros were transferred. The historical maximum is from two and a half years ago. In total, since the beginning of 2025, transfers have amounted to EUR 1.31 billion compared to EUR 1.307 billion for the period January - November 2024. Annual transfers for 2024 amount to EUR 1.42 billion for 2024 and EUR 1.45 billion for 2023.
Source: Darik radio

Companies

Eight hospitals have realized over 100 million leva in revenue from the National Health Fund for 2025, or a total of over 756 million leva, according to data on the amounts paid by the health fund as of December 31, 2025. Three of the hospitals are state-owned, and the other five are private, owned by the three major hospital chains in our country. The state-owned hospitals with over 100 million leva in revenue from the National Health Fund are the Plovdiv University Hospital "St. George" (192.9 million leva), the Pirogov Emergency Hospital (158 million leva) and the Varna University Hospital "St. Marina" (131.2 million leva). The five private hospitals with over 100 million leva in revenue from the NHIF last year are Sofiamed in Sofia (161.2 million leva) and Tokuda (121.4 million leva), Plovdiv's Pulmed (126.5 million leva) and two hospitals from the Heart and Brain chain - in Pleven and Burgas - with revenues of 115.4 million leva and 101.1 million leva, respectively. Sofiamed and Pulmed are part of the Bulpharma hospital chain, owned by Pazardzhik businessman Mihail Tikov, Tokuda is part of the Acibadem City Clinic group, and the Heart and Brain hospitals are owned by the Targovska Liga conglomerate of businessman Tihomir Kamenov. In total, the hospitals from the three chains have revenues from the NHIF of nearly 850 million leva. The number of medical institutions with over 100 million leva in revenue from the NHIF has increased from 6 to 8 in a year, with the two new additions being the "Heart and Brain" hospitals in Pleven and Burgas. The top 10 hospitals with the highest turnover from the Health Fund also include the Sofia Military Medical Academy (97.4 million leva) and "St. Ivan Rilski" (85.8 million leva). The hospitals with the highest turnover are concentrated in 5 districts of the country: Sofia, Plovdiv, Burgas, Varna and Pleven, which consume nearly 70% of the NHIF budget for hospital care. Hospitals in these five districts received over 3 billion leva from the NHIF budget for hospital care last year, which totals 4.4 billion leva. Sofia and Plovdiv alone generate 50% of the NHIF's hospital care expenses, or 2.1 billion leva.

Source: mediapool.bg

The aviation group "Bulgarian Airways Group", part of the public company "Chimimport", has decided to integrate 100% into its structure the provider of airline catering services "Silver Wings Bulgaria" OOD. For this purpose, an application has been submitted to the Commission for the Protection of Competition (CPC), which will approve the deal. If the regulator does not find any problems, there will be a consolidation, which will guarantee and optimize catering services for the national air carrier "Bulgaria Air", turning the provider into a completely internal company for the holding. Currently, "Silver Wings Bulgaria" is a joint venture between "Bulgarian Airways Group" with a 42.5% share, Airline Catering &Retail Invest Europe Africa Limited with 28.75% and Alfa Flight Group Ltd. with 28.75%. The catering operator currently provides services to Bulgaria Air, but also to a number of major international airlines, such as British Airways, Air France, Lufthansa, Wizz Air, Qatar Airways, as well as the state-owned "Aviotryad 28". The catering company prepares over 2.4 million portions annually (about 5,600 daily) in a modern 2,500 sq m facility near the airport. It also operates catering establishments on the territory of Lufthansa Technik Sofia and DHL Express.

Source: economic.bg

A new foreign investor has opened its doors in Burgas. It is an Anglo-Turkish consortium "Smith Anderson & Apa" Ltd., engaged in the production of paper bags. The company was registered in Bulgaria in May last year. The investment is worth nearly 20 million leva, and currently 60 people are working in the new factory. The investor's desire is for the staff to number at least 160 people by the summer. The production is intended entirely for export, said the company's executive director Turan Guven.

Source: Focus agency

The Commission for Protection of Competition (CPC) has initiated open proceedings against the capital company "Metropolitan" EAD upon a complaint by a company. The complaint was filed by "Aso Sofia" OOD against the decision for an armed physical building on a site of "Metropolitan" EAD, located on the territory of the "Obelya" depot and warehouse of the "Investitora" - 11 "Obelsko Shose" Str. The complaint is under the Public Procurement Act.

Source: BTA

The Stara Zagora company "El Kontrol", specializing in energy construction, plans to start construction of its new production base in Stara Zagora by April. The new base is expected to be operational in early 2027. The investment in construction and machinery will reach 5 million euros, and at least 50 people will be hired. The company produces electrical panels - power, distribution and supply panels, building, relay, electricity meter, automation panels, control panels and cabinets. In 2025, which is a record for the Stara Zagora company, it produced 400 electrical panels. In 2025, the company completed an "Innovations" project, thanks to which it purchased several machines - a laser cutting center, a machine for automatic wiring of the panels, as well as a press brake for bending sheet material. "El Kontrol", as a medium-sized enterprise, has an approved project under the State Budget for the purchase of a powder coating line. This machine allows for expansion of the activity. The past 2025 was a record year for "El Kontrol", both in its electrical installation activities and in production and trade activities. Among the company's large-scale projects are the construction of high-voltage substations, as well as projects related to the integration of innovative solutions for drive systems in enterprises from various industries. Currently, "El Kontrol" is working on over 10 different substations for connecting new photovoltaic parks and energy storage systems. They are located in the territories of Sliven, Yambol, Nova Zagora, Chirpan. "El Kontrol" takes care of the quality of lighting in the municipality of Stara Zagora. Recently, the company completed an energy efficiency project to replace over 4,800 lamps with a new type of LED lighting. The company also built a system for intelligent, fully automatic control of street lighting. The combination with the replacement of a large part of the lamps in the city provides much better energy efficiency, saving about 30-40% of the electricity required for the operation of outdoor lighting. In 2026, El Kontrol will resume its operations in Germany, where it has its own registered company. El Kontrol is actively working with Siemens, as well as Schneider Electric. The Stara Zagora-based company plans to develop its relations with both companies. divident.eu

This year, BILLA Bulgaria will invest over 43 million euros in Bulgaria, announced the executive director of the retail chain Albena Georgieva. Part of the planned investments will be for the opening of new stores, and they are expected to be between 10 and 13 in small and large settlements in the country. The renovation of 14 of the largest stores of the chain is imminent, most of which are located in Sofia and the country's major cities. BILLA Bulgaria continues this year its investments in: technologies for reducing the carbon footprint, more convenient shopping for customers, and employee development. "One billion customers have visited our stores over the past 25 years," Georgieva also pointed out, adding that the company has created more than 5,600 jobs since entering the market in our country in 2000 until today. The chain currently has 171 stores located in 54 cities in the country.

Source: Darik radio

At its meeting on 20.1.2025, the FSC decided: 1. Approves an independent member of the board of directors of "Pension Insurance Company DallBogg: Life and Health" EAD. 2. Approves amendments to the Regulations on the organization and activities of the Voluntary Pension Fund "Pension Insurance Institute". 3. Deletes "BK INTERNATIONAL" EOOD from the register of insurance brokers.

Source: Company information


       Investments


Operating Metalworking Enterprise

Sofia

Operating enterprise with excellent financial results, 14.6 decares total area with excellent location, 3 halls (total area 1600 sq.m and height 11 m), cranes for loading and unloading activities (lifting capacity 13 t), admin. building (360 sq.m), warehouses and active store

 

Representative office

Sofia Center

500 sq.m, functionally distributed between open space area, private offices, meeting room, server room, and restroom

Operating 29 PV plants with total capacity 861.3 kWp

Municipalities: Chirpan, Bratya Daskalovi, Brezovo, Panagyurishte, and Parvomay

Total area: about 40 decares of owned land in the regions of Plovdiv and Stara Zagora, 29 installed PV plants, each with a capacity of 29,700 Wp, 3 additional properties with development potential

 

Operating newly built PV plant 4.9 MWp (56 decares) and free plot (55 decares)

Blagoevgrad

111 decares of owned land (in two adjacent plots of 55 decares each) at the entrance of the city from "Struma" highway

 

Production engineering base 

Pleven Region

Total area 34 decares, 2 halls (total area 8510 sq.m) and admin. building (3 floors, GFA 2217 sq.m), operating business, good location, cranes for loading and unloading (lifting capacity 2x1 t, 3, 5, and 12 t), electrical connection - 110/20 kV with two underground 20 kV power lines, substation

       Bulgarian Industrial Association




       World

Europe

The European Union is introducing additional restrictions on the import of fuels produced from Russian oil, the Customs Agency announced. The new measures are part of the strengthened sanctions regime against Russia in connection with the war in Ukraine. According to the rules, the purchase, import and transfer - directly or indirectly - of petroleum products produced from Russian crude oil, even when they are refined in a third country, is prohibited. The restrictions are applied on the basis of the EU Regulation of 31 July 2014 concerning restrictive measures in view of Russia's actions destabilising the situation in Ukraine. In order to effectively implement the ban, the sanctions legislation requires economic operators to provide evidence to customs authorities when importing about the country of origin of the crude oil used in the refining of the relevant petroleum products. Importers must have adequate due diligence procedures in place and provide full information to establish the origin of the raw material, including documents certifying the country of extraction. An exception to the requirement is only allowed when the petroleum products are imported from a partner country included in the Annex to the Regulation. Economic operators may rely on various documentary evidence of the origin of the crude oil, but customs authorities call for increased vigilance in cases of suspicion of falsified or inaccurate documents. Importers are advised to include special contractual clauses with their suppliers guaranteeing the origin of the crude oil, as well as to apply extended due diligence procedures. When importing petroleum products of tariff heading 2710 from a partner country included in the list of the Regulation, the presentation of evidence of the origin of crude oil of subheading 2709 00 is not required.

America

In 2026, global liquefied natural gas (LNG) production is expected to grow significantly, mainly from the US and Qatar, with new capacity of at least 35 million tonnes, increasing global supplies by up to 10% compared to 2025. Growing supply will push prices down - the average price in Asia is expected to be between $9.50 and $9.90 per MMBtu, compared to $12.45 in 2025, and the European TTF could fall to $9.50-9.74. Lower prices will stimulate demand, led by China and India, which are expected to increase their imports by several million tonnes. Europe will also absorb significant volumes, offsetting reduced Russian supplies and providing a balance for growing supply from the Atlantic basin.

Source: Capital

Asia

The Chinese government has unveiled a series of measures to boost domestic investment and consumption for the period 2026-2030. The plan includes a special guarantee program for private investment loans and interest rate subsidies for consumer loans. According to the Ministry of Finance, 500 billion yuan ($71.4 billion) will be allocated for this program. The special guarantee plan will be in effect for two years. It is expected to enable manufacturing companies to obtain loans to support their operations, including the purchase of equipment and raw materials, modernization, digitalization, reconstruction and expansion of production facilities, and more. Loans will be available to companies in the service sector, including those operating in the catering, hospitality, healthcare, elderly and child care, culture and entertainment, tourism, sports and trade sectors. According to the government plans, the state will bear no more than 80% of the credit risk, while banks will bear no less than 20%. According to government estimates, these measures will boost domestic consumption, increasing its share in the country's economy over the next five years. Commenting on these decisions, Wang Changlin, vice chairman of the National Development and Reform Commission, noted that "the existence of strong supply and weak demand in the current economic environment is indeed a very serious problem." The decision also includes a number of measures to improve the quality of life of consumers, which will contribute to "increasing residents' willingness to spend."

Source: Banker

 
Indexes of Stock Exchanges
21.01.2026
Dow Jones Industrial
49 183.50 (83.50)
Nasdaq Composite
23 224.80 (270.50)
Commodity exchanges
21.01.2026
  Commodity Price  
Light crude ($US/bbl.)60.66
Heating oil ($US/gal.)2.3443
Natural gas ($US/mmbtu)3.6190
Unleaded gas ($US/gal.)1.8714
Gold ($US/Troy Oz.)4 798.21
Silver ($US/Troy Oz.)93.36
Platinum ($US/Troy Oz.)2 444.18
Hogs (cents/lb.)87.68
Live cattle (cents/lb.)215.58

       Discover Bulgaria

The Seven Thrones Monastery

The Osenovlashki monastery The Virgin Mary, or as it is better known – The Seven Thrones monastery, is one of the most interesting monasteries in Bulgaria. It is located in the upper stream of the river Gabrovnitza, in the western foot of the Stara Planina mountain. It is dated back to the IX century, when a group of Slavonic tribes settled in these lands. Most of them came from the region of Besarabia. The legend says that the monastery was built by seven boyars or seven brothers. That is why its church consists of seven separate rooms/chapels. The church, such as it is nowadays, was built in 1825 and represents a cruciform, three-apse building with a cylindrical dome. Its architecture is unique.

Location



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