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Business Industry Capital
BIC Capital Market Ltd. 
ISSN 1311-364X
Wednesday, 11 February 2026, Issue 6618
  Bulgaria   Investments   Bulgarian Industrial Association   World   Discover Bulgaria

       Bulgaria
 
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BNB Exchange Rates
(11.02.2026)
  GBP   1.15010  
USD   0.84080
CHF   1.09610
EUR/USD   1.1894*
ECB exchange rate
Basic Interest Rate
  as of 01.12   1.81%  


Bulgarian Stock Exchange - 10.02.2026
Total turnover (EUR): 417 150.92  
Traded companies: 41
Premium 100 779.17
Standard 73 467.79
REIT 96 642.92
Structured 2 012.96
EuroBridge 66 847.85
BEAM - Shares: 77 400.22
BaSE - Shares: 1 293 737.98
BaSE - REIT: 225.00
Biggest change
Elhim - Iskra JSC - Pazardzhik -14.87 %
First Investment Bank JSC - Sofia 5.29 %

Region Targovishte
BEIS rating
Top 10 companies by
Total income
for 2024
(thous. BGN)
  
  1   Trakia Glass Bulgaria SPJSC - Targovishte   281 953  
  2   Pasabahce Bulgaria SPJSC - Targovishte   226 118  
  3   Kristera JSC - Popovo   188 822  
  4   Agrotron 2007 SPLTD - Targovishte   158 666  
  5   Sisecam Automotive Bulgaria SPJSC - Targovishte   144 054  
  6   Patengineeringstroy T SPJSC - Targovishte   111 607  
  7   Emu JSC - Razbojina - Tsht   105 237  
  8   Rosa JSC - Popovo   93 050  
  9   Cortes   68 130  
  10   Tandem Popovo LTD - Popovo   57 348  
Make your own Bulgarian companies rating in BEIS
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Financial news

Bulgaria's trade deficit in 2025 will increase on an annual basis by 68.76% and reach 21.710 billion. the left Only for December, the total foreign trade balance is in the red with 2.909 billion. left, as the deficit grows by nearly 76%, according to preliminary data from the National Statistical Institute (NSI). Last year, exported Bulgarian goods amounted to more than 83.894 billion. lv., which is 3.2% less than in 2024. Before December 2025 the total amount of goods reached 6.736 billion. lv. and increases on an annual basis with 2.5%. By 2025 total in the country with imported goods for 105.605 billion. BGN., or with 6.1% increase compared to 2024. In December last year, the total import of goods grew by 17.3% for the year and reached more than 9.645 billion. the left In the trade with the countries of the European Union last year, goods were exported for 53.874 billion. BGN, and the import is more than 60.485 billion. leva, which leads to a deficit of 6.611 billion. the left Only for December, NSI reports the amount for 4.268 billion. leva and imports for 5.213 billion. BGN - the deficit is more than 945 mln. the left By 2025 the export of Bulgarian goods to third countries decreases by 2.2% compared to 2024. and is worth 30,020 billion. the left The main trading partners of Bulgaria are Turkey, the USA, Serbia, the Republic of North Macedonia, China, Algeria and the United Kingdom, which form 49% of the amount for third countries. In December last year, the amount reported decreased by 3.7% on an annual basis to 2.468 billion. the left In the amount distributed according to the Standard Foreign Trade Classification, the greatest growth was observed in the sector "Miscellaneous finished products, n.d." (46.1%). The biggest decline is observed in the sector "Mineral fuels, oils and similar products" (39.5%). Import of goods to Bulgaria from third parties in 2025 growth of 8.5% compared to 2024. and e for more than 45.119 billion. the left The largest value is the volume of goods imported from Turkey, China, Serbia and the USA. In December, the import of goods in Bulgaria from third parties increased by 30.7% for the year and amounted to 4.432 billion. the left Regarding imports, distributed according to the Standard Foreign Trade Classification, the largest increase was reported in the "Machines, equipment and means of transport" sector (30.6%). The biggest decline is observed in the sector "Fats, oils and waxes of animal and plant origin" (33%). The foreign trade balance (FOB export - CIF import) of Bulgaria with third parties for the past year is in the negative with 15.099 billion. the left In December, it was also negative and amounted to 1.964 billion. the left
Source: investor.bg

Dates at the National Statistical Institute for December 2025. paints a mixed picture for the Bulgarian economy at the end of the year. As long as the industrial production tries to get out of the negative series, the construction is humbled, and the internal consumption is established as the most stable pillar of the growth. Industrial production recorded a minimal monthly increase of 0.3% in December, despite two consecutive months of decline, after which in October and November they were all 2.4% and 1.4% respectively. Despite this mild recovery, the sector remains in recessionary territory on an annual basis, contracting for the 13th consecutive month with a decline of 6.7% compared to December 2024. Dynamics in the sector were strongly influenced by the winter cold, which led to a jump in the production and distribution of energy by as much as 30.5% on a monthly basis. At the same time, the manufacturing industry grew by a modest 0.7%, while the mining sector reported a serious decline of 14%. The construction sector also underwent a correction at the end of the year, with production all up by 2.3% compared to November. Despite the monthly decline, the branch maintains its positive trend on an annual basis for the 24th consecutive month with a minimal growth of 0.6%. This is obviously the weakest pace of growth since almost two years ago. The construction of facilities remained the most stable with an annual growth of 3.5%, while specialized construction activities reported a decrease of 3.9%. Against the backdrop of fluctuating production indicators, retail trade emerges as the categorical engine of economic activity. Trade turnover at the end of last year jumped by 7.7% compared to the same period of the previous year, marking the strongest performance since January 2025. to ourselves. With growth for the 23rd consecutive month and a monthly increase of 1.6%, the sector confirms that strong domestic consumption remains the main factor offsetting the difficulties in industry and cooling in the construction sector.
Source: econ.bg

The permanent representatives of the foreign members of the EC have approved two packages of implementation decisions related to the financial aid for Bulgaria and 15 other countries under the program "Security Action for Europe", known as SAFE. The first package is expected to be officially accepted tomorrow by the Council "Foreign Affairs (Defence), and the second - by the foreign members next week. And in both cases there will be no discussion. The amount that Bulgaria should receive is more than 3.2 billion euros. It was approved by the European Commission on 15 In order to be released, the country had to present a national defense plan. After approving the national plans, the Bulgarian government applied to the European Commission (EC) for this line of the instrument, associated with the National Plan for Investment in the European Defense Industry. The plan includes projects for the modernization of the Bulgarian army and strengthening of the country's defense capabilities. All projects under the SAFE instrument must be completed by December 31, 2030.
Source: BNR

Companies

Investment for 1.17 mln. Euro is realized by the company "Hovag" in the industrial zone of Tħargovishce. The project is in fulfillment of the commitments made by the agreement between the company and the Municipality of Targovishce, after receiving a certificate for investments with municipal significance class "V". The certificate was issued at the end of 2022 for the intentions to expand the premises for the production of cable products and components, as well as for the construction of a logistics hub, announced by the Municipality of Trgovishce. As part of the project, two existing buildings were reconstructed. A new production workshop and warehouses were built on the ground with a total area of ​​9 dka. Municipal property and leased from "Hovag" following the decision of the Municipal Council in 2024. As a result of the realized investments, 10 new jobs were also revealed. According to the agreement concluded with the Municipality, the company undertakes to keep all 110 of its workers for a period of at least 3 years after the new facilities are put into operation. The certificate for investments with municipal significance class "V" entitles investors to use shortened administrative terms and individual service. They also acquire the right to lease or to be granted a fee-limited perpetual right on municipal immovable property upon the location of their investment, without conducting an auction or competition, but following the decision of the Municipal Council. The procedure for issuing the certificate is regulated in a municipal ordinance, adopted in compliance with the Investment Promotion Act.

Source: economy.bg

The Bulgarian Development Bank (BBR) and DSK Bank signed an agreement for the provision of guarantees under the InvestEU program. It provides a resource for new financing of the Bulgarian business of over 300 mln. euro, in support of its competitiveness, digital transformation, modernization and increased employment. The support provided by BBR is in two directions of InvestEU - "State member" and "ES". The financial product is aimed at micro-enterprises, small and medium-sized companies, as well as companies with a medium market capitalization with a staff of up to 499 people, who need funds to expand their activities, implement innovations or increase productivity. The Invest EU guarantee will allow the bank to issue new loans, because of high risk and to offer more favorable conditions to companies. InvestEU is the main investment instrument of the European Union for the period 2021-2027, which aims to mobilize more public and private resources in support of a sustainable economy, small business and innovative projects. The Bulgarian Development Bank is among the 17 implementing partners that received accreditation for the management of European funds and budget instruments. The State Bank was approved for this role in 2023.

Source: 24 chasa

The infrastructure of the capital airport "Vasil Levski" is being seriously improved with the official unveiling of the complete renovation of the covered multi-storey car park at Terminal 2. The project, which is a key element of the modernization of the airport, was completed in just one year by "GBS - Infrastrukturno stroitelstvo", part of "Glavbolgarstroy". The investment in the facility amounted to 16.6 mln. Euro. After the renovation, the parking lot now has 930 spaces, spread over 5 levels. About 30 of the places are for cars on the road with limited mobility. One of the levels is completely newly built, which significantly increases the capacity and comfort for passengers. The parking lot is connected by a warm connection to the Terminal 2 building for the convenience of passengers. The price list starts from 3 euros for a stay of up to 30 minutes and 6 euros for one hour. For travelers planning a longer stay, the overnight fee is 25 euros, while staying for a full week is fixed at 65 euros.

Source: economic.bg

Bulgaria now has a prison, which destroys all representations of "behind bars". The most modern complex in the Balkans is located in the mining village of Samoranovo, built according to a completely new model - without a single lattice on the windows, with bright rooms and suitable conditions. Instead of the traditional metal grill, a special cloudy, impact-resistant glass is used, which guarantees safety without creating an oppressive atmosphere. Residents are still deprived of their freedom with a strict regime. They will not have the right to go outside the prison, and the security is at the highest technological level. The project was realized with the financial support of the Norwegian financial mechanism and is worth around 42 million BGN. There will be 400 people deprived of their liberty in the new prison. You will live in a room for two people, each with its own sanitary facility. The first inmates are expected to enter their new "home" in the fall, after the staff has undergone specialized training on the Norwegian model. The construction of the modern prison was carried out by the construction company Bildeks. This object is of the highest class - 3A and was built on an area of ​​200 dka, with several buildings, with a street between them, with electricity, plumbing, and communication systems. There are no metal bars, but there are well-built security systems, which organically fit into the overall environment. Access control is at the highest level. The complex includes several buildings with different purposes - from residential buildings to production workshops and transitional departments.

Source: Blitz.bg

Inside Trading is an independent B2B distributor of professional IT equipment serving corporate clients, integrators and resellers. The company offers not only products, but also complete solutions that help businesses adapt to the dynamically changing technological environment. Inside Trading is a company that supplies professional IT equipment - from office equipment and peripherals to video conferencing and networking equipment, as well as consumer electronics.

Source: actualno.com

"Elana Agrokredit" AD will issue the third issue of corporate bonds, with the decision of the board of directors of the company. The total nominal and emission value of the issue is expected to be up to 8 mln. Euro. The minimum size of the bond loan, at which it is considered to have been concluded, is 5 mln. Euro. The company plans to broadcast up to 8 thousand. number of bonds with nominal value and issue value of 1000 euros. The collected funds will be used for concluding agreements for financial leasing for the purchase of agricultural land and for agreements for loans for working capital. The interest rate is determined at the 6-month EURIBOR + 3.75% on an annual basis, but not less than 3.75%, if the 6-month EURIBOR is negative. The term of the bonds until maturity is 91 months. The principal is expected to be paid in 8 equal installments on the 7th, 19th, 31st, 43rd, 55th, 67th, 79th and 91st months, or on 15.10.2026; 15.10.2027; 15.10.2028; 15.10.2029, 15.10.2030, 15.10.2031, 15.10.2032 and 15.10.2033 The interest will be paid in 6 months, with the exception of the first coupon payment, we owe after the expiry of 7 months from the date of conclusion of the issue. "United Bulgarian Bank" AD is the servicing bank for the issue, in which the collection account will be opened. The initial date for subscribing to the bonds is March 9, 2026, and the final date is March 13. The bonds will be registered for trading on the BFB within 6 months of the conclusion of the loan.

Source: investor.bg


       Investments


Furniture Factory

Sofia Region

  • Active production facility
  • 3100 sq. m of production, warehouse, and administrative space
  • Separate showroom
  • Suitable for furniture manufacturing or other light industry
  • Excellent accessibility and infrastructure
  • Quick commissioning / immediate production
  • Potential for optimization and expansion

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

Representative office

Sofia Center

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

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

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

       Bulgarian Industrial Association




       World

Europe

The European Commission to initiate an investigation into the need for protective measures when importing sensitive agricultural products, including poultry, beef, eggs, citrus fruits and sugar, increased by 5% on average in three years and if at the same time import prices are 5% lower than the corresponding price on the domestic market. This was stated in the additional precautionary measures approved by the European Parliament following the liberalization of trade with Mercosur countries. An investigation may be requested by a foreign member or by a natural or legal person representing the branch or by an association acting on its behalf in case of danger of serious harm. At least every six months, the Commission will have to present to the parliament a report on the assessment of the effectiveness of the import of sensitive products. At the previous session, the MEPs decided to give the agreement to the EC Court. At the same time, the president of the Commission, Ursula von der Leyen, said that it can be applied temporarily, after it has been ratified by one Mercosur country.

Source: BNR

America

During the past year, the American President Donald Trump initiated a large-scale transformation of the American trade policy, by raising tariffs on imports to levels unprecedented for the last century. These actions provoked a direct conflict between the protectionist course of the administration and business interests, on which the weight of the new bribes fell. At the same time, leading economists subjected to sharp criticism of the strategy of the White House and warned of negative consequences for global supply chains. The US realizes annual imports of goods worth trillions of dollars, and the imposed duties in practice function as an indirect tax on these volumes, notes The New York Times. Over the past year, the Trump administration has raised average customs duties to approximately 17% - the highest level since 1932. alone, when the extreme protectionist measures of the "Smoot-Hawley" law came into force. The main goal of this policy is to revive the American industrial base and to bring back to the USA the jobs that were exported. Higher bribes caused serious shocks in the corporate sector. Companies were forced to revise their logistics strategies - from expediting or canceling orders to forced search for alternative suppliers outside the USA. Although the tax generated significant fiscal revenues, the main part of this burden was absorbed by American business. And while the statistics reported a reduction in the trade deficit and an increase in the prices of domestic production, these measures have not yet proven to be the panacea for the industrial sector that President Trump promised. One of the most noticeable effects of Trump's trade policy is the exponential growth of budget revenues from customs duties. Prez izminalata 2025 The USA collected approximately 287 billion. dollars from bribes, taxes and fees - a volume that almost triples the level of 2024. This amount represents a significant new capital resource for the government, even if the main burden of payment is directly from the American importer. Even if this sum looks modest in the background of the annual receipts of over 2 trillion. dollars from the appropriate taxation, it provides the administration with a new instrument for capital maneuvering. This resource allows more flexible financing of budget priorities - from the modernization of the armed forces to the stabilization of social funds and servicing the growing costs of interest on the national debt. However, there is one detail: these funds are brought into the budget from the so-called registered importers, the largest part of which are American legal entities. In practice, this means that the fiscal burden is lifted directly from the local business, and not from foreign exporters, as is often interpreted in the political debate. Donald Trump continues to focus on reducing the trade deficit as a central pillar of his economic program. In recent months, the trade balance has demonstrated serious volatility: in October 2025 the deficit sharply increased to 29.4 billion. dollar - its lowest level since June 2009. Despite this temporary success, the data for November showed a sharp expansion of the negative balance to 56.8 billion. dollars, which underlines the challenges of long-term balancing of imports and exports. The president and his supporters view the trade deficit as an indicator of economic vulnerability - a position not shared by all economists. Although the deficit reported a serious contraction at the end of the year, the overall picture is more complex. At the beginning of Trump's mandate, a sharp jump in imports was registered, caused by the strategy of companies to accumulate stocks before the entry into force of the new tariffs. As a result, for the period from January to November, the trade deficit remains at 4.1% above the level of the previous year, leaving open the question of whether the protectionist measures will achieve a sustainable balance in 2026. One of the key strategic goals of Trump, which still remains unrealized, is the stimulation of employment in the manufacturing sector. Despite the introduced bribes, the number of jobs in the industry continued to shrink last year. Adherents of Trump emphasize that the construction of new industrial capacity requires technological time before the negative trends reverse. He emphasized the recent growth in industrial production and both capital expenditures as a clear signal that the tax would lead to an industrial renaissance in the country. Despite optimism, economic data give grounds for skepticism. The main part of the growth in industrial production is concentrated in the aerospace sector and electronics, which remain relatively insulated from the effects of tariffs. The automotive industry and component manufacturers, burdened with high customs duties, have reported a decline in production over the past few years. Many companies point out that tariffs directly undermine their competitiveness, as they increase their costs for metals and equipment, which are critical for industrial activity. Although investments in new industrial capacity remain significantly higher compared to the period before the pandemic, they are lower compared to the levels reached at the end of the Biden administration, when the construction of semiconductor and battery factories was supported by state subsidies. Factors other than taxes are also helping the industry -- for example, a boom in the construction of artificial intelligence data centers and new tax policies that allow companies to deduct the cost of new equipment. The expected new bribes led to an increase in the price of imported goods last year. Statistics show that after a period of deflationary pressure at the beginning of the year, prices started to rise immediately after the announcement of global tariffs in April. This move in practice is a clear trend of falling inflation and generates new price pressure on the supply chain. Despite the inflationary pressure, the effect of the tax on final prices turned out to be more moderate than the initial forecasts. This is due to a large degree of caution on the part of the companies, which began to reduce their profit margins, instead of shifting the entire burden onto consumers. Their main motive was the risk of losing market share and a drop in client loyalty in the event of a sharp price increase. The slowdown in price growth in the service sector also helped in part for the better performance of inflation. Without the tax, however, inflation will be lower, economists believe - according to some calculations, the consumer price index in August would have grown by 2.2% in the absence of the tax instead of 2.9%, as reported by the statistics.

Source: Capital

Asia

Count on China-Europe trains passing through the Horgos border crossing for 2026. already exceeded 1,000. On February 9, the train set, which fulfilled this record, left for Koljadzic, Belarus, loaded with universal goods, auto parts and photovoltaic modules, reports KMG. This year, the average daily number of China-Europe trains via Horgos is more than 27. The average reloading of the incoming and returning train should be carried out every 2 hours. The structure of goods exported through the port is also continuously optimized. The annual volume of trade from Eastern and Southern China has increased significantly, and the number of products with high added value and high-tech goods such as new energy vehicles, photovoltaic modules and precision instruments continues to grow actively.

Source: 24 chasa

 
Indexes of Stock Exchanges
10.02.2026
Dow Jones Industrial
50 319.80 (75.00)
Nasdaq Composite
23 102.50 (-13 247.00)
Commodity exchanges
10.02.2026
  Commodity Price  
Light crude ($US/bbl.)64.23
Heating oil ($US/gal.)2.3782
Natural gas ($US/mmbtu)3.0570
Unleaded gas ($US/gal.)2.0719
Gold ($US/Troy Oz.)5 047.37
Silver ($US/Troy Oz.)82.36
Platinum ($US/Troy Oz.)2 120.69
Hogs (cents/lb.)97.65
Live cattle (cents/lb.)23 749.50

       Discover Bulgaria

St. George the Newmartyr of Sofia

On 11 February 1515, St. George the Newmartyr of Sofia was killed. He was born in Kratanovo, in nowadays’ FYR Macedonia, in a pious Bulgarian family. Left without a father at a very young age, he was forced to go to Sofia in order to avoid the forced adoption of Mohammedanism in the small town. The Ottoman rulers in Sofia try to outwit him to join their religion, but despite he was only 18 years old, he showed tenacity and extraordinary wisdom. However, he couldn’t escape the rage of the Moslems. They took him to the city square, where they set a large bonfire and threw the martyr in it with tied hands. When the ties burnt out and his hands were free, he started crossing himself and prayed: “Jesus Christ, I command my spirit in your hands.” Then someone from the mob hit the young man with a piece of wood on the head and he fell dead. No matter how hard the Turks tried to burn his body to dust, they couldn’t. The wood burnt out, but his body remained intact. In the night, a Christian secretly took his body to the church of St, Marina (today in the yard of the Sofia Bishopric) and he was officially buried.



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