The nominal amount of Bulgaria's public debt as of December 31, 2025 amounts to EUR 31.428 billion, including domestic and foreign debt, announced Acting Minister of Finance Georgi Klisurski. Of this EUR 31.428 billion, the amount of foreign public debt is EUR 25,373,900,000 as of December 31, 2025. The increase in nominal terms of foreign debt is EUR 7.249 billion as of December 31, 2025 compared to December 31, 2024. At the end of 2024, it was EUR 18.124 billion, an increase of EUR 7.2 billion. At the end of 2025, external debt was 21.9 percent of gross domestic product (GDP), while at the end of 2024 it was 17.3 percent of GDP. There was an increase of 4.6 percentage points within the calendar year.

tbi bank has finalized the acquisition of global private equity investor Advent International, after the European Central Bank granted regulatory approval for the acquisition of a controlling stake of over 50% of the credit institution’s capital in February 2026. The deal was initially announced in April 2025 and received the green light from the European Commission under competition rules in August of the same year. Advent International manages assets worth over EUR 85 billion and is one of the largest global private equity players, with a significant presence in the financial services sector. tbi bank is positioned as a challenger bank in Southeastern Europe and is among the leaders in alternative payment methods. The institution operates in Bulgaria, Romania, Greece and Germany. The bank works with over 38,000 trading partners in the region, serves more than 2.7 million customers and in 2025 disbursed over 1 million financings.

The building of the former Carrefour hypermarket on Nikola Petkov Blvd. in Stara Zagora has had a new owner since the end of 2025. The building has a total area of ​​over 20,900 sq m and also has an underground parking lot. The property has an air conditioning installation installed on the roof of the building, consisting of three gas and electricity-powered heating and cooling plants; a fire alarm and fire extinguishing system; a video surveillance system; alarm antennas have been built in the trading hall - at the entrance and exit of the premises. In August 2025, the building was contributed to the capital of the newly established company Eurobuild 2025. When the contribution was registered, its valuation was just over 8.2 million euros. In January 2026, Eurobuild 2025 was resold to GT Capital, with sole owner Valya Rangelova Kyoseva. The individual parts of City Mall and the Carrefour store are mortgaged to Targovska Banka D AD. At this stage, several companies are renting the building of the former Stara Zagora Carrefour store, with the second floor of the building not being used since its construction. The Carrefour hypermarket in Stara Zagora was opened on December 20, 2012 and was the sixth of the chain's stores in Bulgaria. The difficulties of KMB Bulgaria, the owner of the stores through which the Greek Marinopoulos operated, began in 2014. The company was declared bankrupt on October 31, 2015. KMB Bulgaria had 21 stores in the country. Most of them were rented, but three of them - in Sofia (in The Mall), in Burgas ("Burgas Plaza") and in Stara Zagora (in "City Mall"), were owned. Several auctions were announced in Stara Zagora, but no buyer appeared. The first auction for "Carrefour" in Stara Zagora started in 2016 with a starting price of 22,680,000 leva. After that, three more auctions were announced by private bailiffs, with the last announced price being 17.9 million leva. Two of the procedures were at the request of the Sofia Municipality, to which "KMB Bulgaria" owes taxes, and the other two auctions were at the initiative of Alpha Bank, where the property is mortgaged. However, no buyers appeared. dividend.eu

Bulgarian satellite technology company EnduroSat is expanding its presence in Western Europe with a new strategic unit in Luxembourg. This step comes after two successful large-scale investment rounds and the opening of a new production center in Sofia – all within the last year alone. In May 2025, EnduroSat raised 43 million euros in a round led by Peter Thiel’s American Founders Fund. Delyan Asparuhov, a partner in the fund and co-founder of Varda Space, and a Bulgarian by origin, played an active role in the deal. The funds were intended for the development of the next-generation Gen3 satellites and the construction of a space center in Sofia. Just a few months later, in October 2025, the company announced a second, even larger round – for 104 million dollars, attracted by Riot Ventures, Google Ventures, Lux Capital, European Innovation Council Fund and Shrug Capital. In parallel with the financing, the new space center in Sofia was opened - 17,500 square meters with RF laboratories, clean rooms and space qualification facilities, positioning Bulgaria as one of the significant production hubs for satellite constellations in Europe. It is against the backdrop of this accelerated growth that the Luxembourg office acquires its logic: the company now has the capacity and financing to think not only about production, but also about a European market presence.

Bulgarian "Prismus", known for its Carista solution for automotive diagnostics, is entering its next stage of development with a new investor - the Austrian RM Mobility Tech, which acquired 60% of the company, while the company's founder Todor Kalaidzhiev retains the remaining 40% of the shares. "Prismus" was founded in 2013, after Kalaidzhiev returned from the USA, where he worked for Google and Amazon. "Teres Capital" initially joined as a minority investor, and two years later LAUNCHub Fund also joined with a small stake. In 2024, they exited the investment. The company develops the Carista application, and then makes its own hardware (adapter), which allow customers to diagnose problems in cars. Over the years, the solution has been expanded with additional functionalities, and the company's revenues have also increased (see graph), which in 2024 reached 4.7 million euros. The buyer, RM Mobility Tech, is a specially created company of RM Equity Partners, the investment arm of the Austrian family-owned media group Russmedia. The company's product, Carista, began as an application that is used with standard OBD (on-board diagnostics) adapters that are inserted into the car's computer diagnostics jack. The device now has a new, second version, Carista Evo, which is entirely designed by "Prismus", but is still manufactured abroad. It has more functionalities and is compatible with more car brands. In addition to diagnostics, the solution allows you to customize various settings (lighting and others), which are usually only available through specialized service equipment. Carista also provides various service tools for people who prefer to maintain their cars themselves - changing the battery, tires, oil, etc., which in modern cars require special electronic procedures. The fourth functionality is live data from the car, which allows you to track what the sensors are reporting and detect possible problems. Carista works on a subscription basis, with the OBD device being purchased once. The annual subscription is 59.99 euros, and a monthly subscription is also available for 14.99 euros. The main markets are the UK and the US. The team is now approaching 40 people, mainly software engineers. RM Equity Partners is the investment arm of the Austrian media group Russmedia, which is a family business with over 100 years of history. The company specializes in acquiring, managing and operating profitable niche companies. It seeks majority stakes, investing primarily in subscription-based businesses. This mainly includes consumer platforms and applications. The companies in its portfolio have more than 600 employees in Europe and reach over 400 million users worldwide each year. Its investments include platforms such as Bergfex, calimoto, Alpinresorts, Erento, as well as the dating app Pure.

IKEA Bulgaria has launched a project to transform its order center in Plovdiv Plaza Mall into a "small store" format. The order center in Plovdiv is being expanded into a store, in line with IKEA's concept for small city stores, and its area will be increased by about a third - to 3,620 sq m. The change will allow for the presentation of more interior and functional product solutions, as well as expanding the assortment of products that customers will be able to purchase on site at the IKEA physical store in Plovdiv Plaza Mall. The reconstruction will last several months, with the official opening of the renovated store expected in the fall of 2026.

At its meeting of 26.2.2026, the FSC decided: 1. Enters an issue of warrants issued by "REI Invest Holding" AD, Sofia, in the register of public companies and other issuers of securities, for the purpose of trading on a regulated market. The issue is in the amount of 45,074,364 dematerialized, registered, freely transferable warrants, with an issue value of EUR 0.051 per warrant, with ISIN code BG9200002251, issued by "REI Invest Holding" AD, which entitle the warrant holders to exercise within a 2-year period their right to subscribe for the respective number of shares of the underlying asset of the warrants at an issue value of EUR 0.92 per share, at a warrant/share conversion ratio of 1:1, which "REI Invest Holding" AD will issue upon subsequent increase(s) of its capital. 2. Enters the management company "Invest Fund Management" AD in the register of persons managing alternative investment funds. 3. Refuses to consider the merits of the application submitted by Bifinance EOOD requesting the issuance of a license to operate as a crypto-asset service provider due to incompleteness of the submitted documents and information.

Allianz Bank Bulgaria announced the exercise of a call option on the bond issue with SIN code BG2100003230, which are structured to meet the requirements for eligible liabilities within the meaning of Chapter XIII, Section II of the Law on the Recovery and Restructuring of Credit Institutions and Investment Intermediaries. The debt securities issue of Allianz Bank has been admitted to trading on the Bonds Segment of the Main Market of the Bulgarian Stock Exchange since September 19, 2023. The bond loan at the time of issuance was in the amount of EUR 39,500,000, distributed in 395 ordinary, interest-bearing, dematerialized, registered, freely transferable, unsecured, non-convertible securities with a nominal value of EUR 100,000 each. The bonds have a maturity of 48 months and a fixed annual interest rate of 6.85% for the entire term, payable in twelve-month coupon (interest) payments. The principal will be repaid in a single payment, on the maturity of the issue, which is on March 30, 2027. The funds raised from the bonds are used to ensure the compliance by Allianz Bank with the regulatory requirements for reaching and maintaining the applicable requirements for eligible liabilities in relation to the internal minimum requirement for own funds and eligible liabilities, set for the bank, as well as for the expansion and development of its commercial activity. The bank exercises a call option of the issuer within the meaning of the terms of this issue. It can be exercised on the interest payment date, which coincides with the third anniversary of the date of issuance of the debt securities - March 30, 2026. This is done after prior permission from the Bulgarian National Bank before the agreed maturity of the issue. Allianz Bank Bulgaria will pay the exercise price of the call option on the interest payment date – March 30. Each bondholder will receive 100% of the principal of one bond (which corresponds to its nominal value of EUR 100,000) plus the corresponding accrued interest in the amount of EUR 1,705,750 per bond from this issue. The right to receive the exercise price will be granted to bondholders who have acquired debt securities and are registered in the bondholders' book under the issue, kept by the Central Depository AD, no later than five business days before the interest payment date. By paying the exercise price of the call option, Allianz Bank Bulgaria will fulfill all its obligations to the bondholders and will have the right to request deletion (deregistration) of the issue from the Central Depository register.

Biodit's revenues from software subscriptions and licenses fail to compensate for the accumulated losses and the company's transformation from a hardware company to a software company has not yet paid off. The company is also significantly reducing its expenses, by over 30% on an annual basis, but its loss for 2025 - in the amount of over 400 thousand leva. Biodit realized just under 300 thousand leva in revenue by the end of 2025, compared to just over 600 thousand leva in 2024, or a decrease of almost 52% on an annual basis. Of the revenues, those from production, i.e. hardware, are 120 thousand leva against 340 thousand leva a year earlier, shrinking by nearly 65% ​​on an annual basis. Revenue from services, i.e. software subscriptions, license fees and the like amounted to 175 thousand leva at the end of last year compared to 262 thousand leva a year earlier, decreasing by 33% year-on-year. The company's expenses for the reporting period decreased to 710 thousand leva from 1.1 million leva a year earlier, which is 36% less year-on-year. Biodit reports a loss of 415 thousand leva for 2025 compared to 456 thousand leva for 2024, or a decrease of 9% year-on-year.

Wholesale prices in the United States rose at a faster-than-expected pace in January, defying hopes that inflation in the country would slow, CNBC reports. The Bureau of Labor Statistics said the core producer price index (PPI), which excludes fluctuations in food and energy prices, rose 0.8% on a monthly basis. The result was above the 0.6% increase in December and well above the 0.3% forecast by economists in a Dow Jones survey. The overall indicator, which includes all items, rose 0.5%, also above the 0.3% forecast and 0.1 percentage point higher than the previous month. On an annualized basis, core wholesale prices rose 3.6%, while the overall index rose 2.9%. Both figures are well above the Federal Reserve’s 2% inflation target and show that rising prices are still a factor in the US economy. Service prices were the main driver of the increase, with the monthly growth of 0.8% the highest since July 2025, the data also showed.

China's high-speed rail network has now reached over 50,000 km in length, setting a new global standard. From the first release of the Medium- and Long-Term Railway Network Plan in 2004, which outlined a clear framework for the development of high-speed rail, to its optimization in 2008 and its further upgrade in 2016, which proposed "eight vertical and eight horizontal" lines, the development of high-speed rail in China is a shining example of perseverance. In the development of high-speed rail construction, China has taken advantage of its new national system to mobilize resources across the country, integrating enterprises, academia, research institutions and users, and turning the world's largest high-speed rail market into the strongest magnet for innovation. During the 14th Five-Year Plan, 128 counties, including Fuping, Badong and Longzhou, ended their lack of access to high-speed trains. The newly opened Xi'an-Yenan high-speed railway. The line connects the city of Yenan, known in the past as an important revolutionary base, to the national high-speed railway network, drastically shortening travel time and clearly demonstrating the significant benefits to people's livelihood: it not only connects Luochuan apples and Fuping paradise apples to a larger consumer market, but also promotes a new model of industrial cooperation. By extending high-speed railways to remote and mountainous areas, China is promoting regional development and common prosperity. The importance of railways lies not only in the extension of the tracks, but also in the pursuit of connectivity and shared development. The Jakarta-Bandung high-speed railway realizes Indonesia's long-standing goal of developing high-speed railways, accelerating the growth of industrial clusters along the route. The China-Laos Railway has helped Laos transform from a “landlocked country” to a “land-connected country,” creating over 100,000 new jobs. The Mombasa-Nairobi Railway has transformed East Africa’s transportation hub, improving livelihoods along the route through public welfare and community development programs. The China-Kyrgyzstan-Uzbekistan Railway, currently under construction, is unfolding a new vision for connectivity across the Eurasian continent.