Non-financial enterprises in Bulgaria realized a total positive financial result of BGN 29.9 billion for 2021. This is shown by the preliminary data of the National Statistical Institute. In the financial sector, insurance companies report a total balance sheet value of assets of BGN 8.6 billion, pension insurance companies and pension funds - BGN 538 million, specialized investment companies - BGN 12.27 billion, and associations and foundations - BGN 1.42 billion. 412,119 are the non-financial enterprises in Bulgaria that submitted an annual report on their activities in 2021 to the National Statistical Institute, which is only 0.1% more compared to 2020. The persons employed in them, recalculated in full employment equivalent (EPE), are 2,129,746, or 1.8% more compared to the previous year. With the largest share in 2021 are economically active non-financial enterprises in the service and trade sector (81.6%), which form 62.4% of all employed persons. The share of non-financial enterprises in the sectors "Industry", "Construction" and "Agriculture, forestry and fisheries" is 18.4% of all active enterprises in 2021, and the persons employed in them are 37.6% of all persons employed in the non-financial sector. According to preliminary data, a positive financial result of BGN 29.902 billion was reported for non-financial enterprises.

he American Linden Energy Ltd. in Sofia signed the final documents on the acquisition of 50% of "Overgas Inc." The two companies are part of the project for a new LNG regasification terminal at the port in the Albanian city of Vlora. Linden Energy, based in Houston, Texas, was founded in 2013 by Stephen Payne and has successfully developed gas projects in Europe and South Asia, and has been involved in the construction of several major gas pipelines.

The German Liebherr has invested over 130 million euros in the last 22 years in the Thrace Economic Zone /TIZ/. The company's first enterprise is Liebherr-Hausgerete Maritza for the production of refrigerators and freezers, which has been operating since 2000. The second factory - for the production of air conditioning systems for rail transport - train, tram and metro, and cooling modules for refrigerated trailers - is owned by the company "Libher - Transportation Systems Maritsa". The third investment within Plovdiv was officially opened on July 1, 2022 - a production base for concrete trucks of Liebherr Concrete Technologies Maritsa. Liebherr is not only one of the largest employers and companies with large-scale investments every few years. The group's activities here attracted several more foreign companies, its counterparties, which opened factories in TIZ. Over 2,500 employees work in the company's three plants. Over 7,000 people work in Liebherr's subcontractor companies. When the members of the average Bulgarian family are added, then this number reaches 25,000 - 30,000. Among the largest contractors of Liebherr are the companies Gotmar, Mekalit Bulgaria, Moni MG, Tehmash BG, M&G, Turiststroy Tsaratsovo, Tanevplast, Tela - Ivan Angelchev 1, etc. For 2021, 76 Bulgarian suppliers have sold the three plants production details for 85 million euros. For the same year, Liebherr-Hausgerete Maritza (manufacture of refrigerators and freezers) purchased parts for 215 million euros from a total of 301 suppliers - of which 76 were Bulgarian.

The Swedish-Ukrainian IT company Sigma Software Group announced that it is expanding its presence in Bulgaria by opening a new office in Sofia. This is the second location of the company in the country, after it opened an office in Burgas in June. Within 12 months, the company plans to hire a new team of at least 50 people. To date, the IT company has over 30 offices in 16 countries. The business in Sofia will focus on strengthening existing ties with EU companies and further building the partner network in the region of Central and Eastern Europe. "Sofia is a dynamic and thriving technology center with a very attractive business climate and a growing number of developers. The country is a major destination for IT service companies such as Sigma Software," stressed Nikolay Penev - manager for Bulgaria at the company. Sigma Software Group is one of the largest Ukrainian IT consultants and has clients from Europe, Australia and the USA. The company has experience in successful cooperation with startups.

"DSK Bank" JSC, its subsidiary "Regional Fund for Urban Development" JSC, the Municipality of Ruse and the municipal company "Obshinski Pazari" Ltd. concluded a financing agreement in the amount of BGN 12 million for the purpose of building a new multifunctional municipal swimming complex in the city of Ruse . The borrowed funds are part of the financial instrument Fund for Urban Development North, co-financed by the European Fund for Regional Development through the Operational Program "Regions in Growth" 2014-2020. The self-participation in the project investment of the Municipality of Ruse and the municipal company "Obshinski Pazari" Ltd. will is a minimum of BGN 2 million. The project will be implemented on the grounds of the "Nord" swimming complex in the Youth Park in the city of Ruse and provides for the reconstruction and renovation of part of the existing old facilities, the construction of additional new, modern infrastructure and the improvement of the entire area. As a result of the investment, a new three-level indoor swimming complex will be built, including a 33.33/25.03 m main swimming and water polo pool, with up to 500 seated spectators, as well as a 16/10 m children's auxiliary pool. The covered complex will feature modern locker rooms for visitors and referees, a cafeteria, a sales room for sports goods, a doctor's office, a fitness and spa center, two conference and meeting rooms, as well as all other necessary auxiliary facilities.

One of the medium-sized tour operators in our country - "Dream Holidays BG" declared bankruptcy. This is the first official bankruptcy since the covid-crisis, the tourism industry said. However, dozens of tourism companies have frozen their activities in the last two years. Already on July 21, the manager of the company submitted a notice to the Ministry of Tourism to cease operations, and it is clear from the Commercial Register that an application for opening bankruptcy proceedings was filed with the Sofia City Court on August 5, 2022 and is dated on announcement August 8, due to insolvency and over-indebtedness. Dream Holidays is among the tour operators awarded a substantial grant to reimburse customers whose tours and holidays were disrupted due to the Covid-19 restrictions, as well as to cover ongoing costs during the pandemic for the period from April 2020 to April 2022 A check shows that she received BGN 124,000 for refunds for failed trips alone, separately over BGN 129,000 for working capital and liquidity.

This summer has offered a number of challenges for UK investors as August saw the biggest sell-off in the pound, gold and corporate bonds in years, Bloomberg reports. And it may not be over yet amid Britain's problems with the toxic combination of double-digit inflation and an accelerating recession. The pound is already near historic lows after posting a nearly 5 percent drop this month - the biggest since the Brexit vote in 2016. Meanwhile, government bond yields posted their biggest monthly jump on record in August. Funds are already shunning UK assets on the grounds that the Bank of England (BoE) will find it difficult to raise interest rates fast enough to contain the rising cost of living crisis. The sell-off in the markets highlighted the country's dependence on foreign investment. This process began when Britain decided to leave the European Union (EU), while the weaker pound and higher commodity prices clouded the country's terms of trade. It's a combination that pushed the yield on 10-year British bonds up nearly 100 basis points this month, the biggest rise in Bloomberg data since the late 1980s. loans are hurting companies across Europe, the funding situation is particularly dire in the UK. Shares in domestically listed companies also had a bad month, with the benchmark FTSE 100 down nearly 2% in August, although the drop was more than 6% in dollar terms. This is due to the weaker pound, which is now down more than 14% since the start of the year. At the same time, the more domestically focused FTSE 250 fell more than 5% on fears of inflation and recession.

There has been a shift in the world ranking of the richest people. Already at number 3 is the Indian billionaire Gautam Adani, who on Tuesday of this week overtook Bernard Arnault. With a fortune of $137 billion, according to the Bloomberg Billionaires Index, Adani is the first Asian in history to reach the top three. Only Amazon founder Jeff Bezos (with $153 billion) and Tesla CEO Elon Musk (with $251 billion) are ahead of him, writes CNBC. The reshuffle comes just 6 months after Adani was named Asia's richest man. He added $60.9 billion to his fortune this year, making him the only one in the top 10 not to see a decline in his wealth in 2022. Adani has come a long way from a college dropout in his second year at Gujarat University to a sorter of diamonds. Adani is the founder of the Adani Group, a corporation that has a vast portfolio of companies in various industries, including ports, coal and power.