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Business Industry Capital
ISSN 1311-364X
Tuesday, 10 January 2023, Issue 5857
  Bulgaria   Bulgarian Industrial Association   World   Discover Bulgaria BIC Capital Market Ltd. 

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BNB Exchange Rates
(10.01.2023)
  EUR   1.95583  
GBP   2.22132
USD   1.82856
CHF   1.98260
EUR/USD   1.0696*
ECB exchange rate
Basic Interest Rate
  as of 01.01   1.42%  



Manufacture of instruments and appliances for measuring, checking, testing, navigating and other purposes, except industrial process control equipment
BEIS rating
Top 10 companies by
Total income
for 2021
(thous. BGN)
  
  1   Curtis Balkan SPLTD - Sofia   41 956  
  2   Televic Bulgaria SPJSC - Tzaratzovo   34 444  
  3   Watts Industries Bulgaria SPJSC - Plovdiv   25 029  
  4   Security Smart Systems LTD - Vratza   18 223  
  5   Bultech 2000 LTD - Stara Zagora   17 393  
  6   Milkotronic LTD - Stara Zagora   9 651  
  7   Systems Automation Technologies (SAT) SPLTD - Sofia   9 164  
  8   ATM Electronics LTD - Sofia   7 135  
  9   M.V.Lomonosov LTD - Pleven   6 894  
  10   Bimco SPLTD - Sofia   2 250  
Make your own Bulgarian companies rating in BEIS



Financial news

For the first time in many years, the state failed to collect the planned amount of value added tax. The main source of revenue in the budget - VAT, turned out to be about BGN 670 million less than the estimates for 2022. In July, the previous National Assembly made an update of the budget for 2022, which increased expenses and to ensure proportional growth and of revenues, raised the forecast for economic growth. The taxes collected in the state budget last year amounted to BGN 31.6 billion, which is only BGN 100 million more than planned. The over-implementation comes from corporate taxes and personal income taxes, while indirect taxes - VAT and excise taxes - are below the levels planned for the year, the Ministry of Finance indicates.

Source: Sega

A little over 3,500 trademark applications were submitted to the Bulgarian Patent Office in 2022. There were approximately the same number of people wishing to obtain protection of their trademark in the previous year 2021. The submitted applications for inventions for the last 12 months are more than 170, and the trend is maintained in relation to 2021. Last year's applicant activity remained unchanged in terms of the number of applications for utility models, so-called small inventions (214). The number of applications for utility models and inventions has been steadily increasing since 2012. Last year, 95 applications for industrial design and 37 applications for new varieties of plants and breeds of animals were registered. More than 100 for the last two years are the requests for certificates for additional protection. There were 1,922 European patent applications filed in 2021 and 1,369 last year. The patents issued by the Bulgarian Patent Office for the last two years are more than 250. The registered utility models for the same period are about 400. The institution has issued about 3,500 certificates for the validity of a European patent in 2021 and 2022.

Source: Banker

Companies

The annual turnover of BSE in 2022 will increase by 23% compared to 2021 and will reach BGN 1.004 billion. The total monthly turnover for December 2022 is BGN 88,175,664, which represents a decrease of 45.53% compared to the previous month of November and an increase of 22.64% cumulatively compared to the same month of the previous year. In the last month of last year, 5,112 transactions were realized, which increased by 16.30% cumulatively compared to the same month last year, while on a monthly basis a decrease of 27.31 percent was reported.

Source: 3e News

Commercial banks whose shares are traded on the Bulgarian Stock Exchange did not pay dividends to their shareholders last year. These are First Investment Bank JSCCentral Cooperative Bank JSC and Texim Bank JSC. In February 2022, the Governing Council of the BNB adopted a decision to suspend the restriction on the distribution of banks' profits for 2019 and 2020. It concerned the distribution of profits in whole or in part, in the form of a dividend, share buyback or other similar payment. The measure was aimed at stabilizing the capital position of banks and the banking system.

Source: Banker

The construction company "Trace Group Hold" JSC has concluded a contract for the repair and new construction of roads, streets and sidewalks for BGN 25 million excluding VAT. The subject of the contract is "New construction, major repair, rehabilitation, reconstruction, current repair of the street network, municipal roads, republican roads (subject to agreement with the Republican Road Infrastructure Fund), current repair and new construction of asphalt pavements and on the territory of Stara Zagora Municipality". The term of the contract is three years. In mid-December 2022, "Trace" signed a contract for the reconstruction and improvement of streets in the quarter "Tri Chuchura-Yug" in Stara Zagora. The value of the contract is over 5, BGN 4 million without VAT, and the implementation period is 24 months.

Source: investor.bg

"Prime Property BG" REIT wants to buy land allocated for the construction of a warehouse in Burgas, estimated by an independent appraiser at just over 2.2 million BGN and with a liquidation value of almost BGN 2 million. The land is located in the "Kurt Tepe" area in Burgas, and is designated as a warehouse. The area of the field is almost 15 thousand square meters. The owner is "Nevada Tours 2004" JSC. The price at which the property will be purchased is EUR 65/sq.m, or the company will pay just over EUR 223,000 for the land. The owner "Nevada Tours 2004" is also a company of Sava Choroleev, who is on the board of directors of "Prime Property BG" through his company "SVS" AD, according to a reference in the Commercial Register.

Source: investor.bg

Repairs begin on the Vera Su ship. In the "Terem - Naval Arsenal" KRZ, a complete repair of the ship will be carried out, the mechanisms in the engine room will also be replaced. The vessel was sold on December 20 last year to an offshore company with an ultimate owner in Lithuania, in the fourth auction after a lack of bidders failed the first three. In 2021, the fertilizer-laden ship ran aground in the Yaylata Protected Area and was towed from there after 36 days. The operations to save and tow the Vera Su to the dry dock of the "Naval Arsenal" cost more than two million leva, and it was expected that the state would be able to cover at least part of the costs after the sale of the ship.

Source: Darik radio


 

Indicative dates for holding the Spring REFA qualification course in Sofia on the topic:: Organization, management and optimization of production processes in the enterprise -

from March 6 to April 7, 2023 in Sofia

Participation Request:
Enrollments are made on a first-come, first-served basis, until the maximum number of participants in the course is reached!!

 
http://refa.bia-bg.com/, тел. 0888 924185, 02/980-10-90,

       Bulgarian Industrial Association




       World

Europe

Inflation in the Eurozone decreased in December more than analysts expected - from 10.1% in November to 9.2% in December, Eurostat reported based on preliminary estimates. In the energy industry, the increase in prices remains categorically the largest - almost 26%, but clearly lower than the November indicator of nearly 35%. Food, alcohol and tobacco products follow with nearly 14% (13.6% in November). When price increases in this group and energy are excluded, inflation was 5.2% (up from 5% and analysts' expected 5.1%). This change has been seen as an indicator that demands for higher pay from employees are beginning, which is one of the secondary causes of persistence in the rate of inflation. The first comments on the data are that they are encouraging - inflation is decreasing. But they are also a sign that it will remain in the Eurozone at a relatively very high level.

Source: Dnevnik

America

At the end of 2022, the US economy has created new jobs with less growth. Higher interest rates and changing consumer habits are slowing the labor market without stopping it completely, The New York Times reports. Employers added 223,000 new jobs in December, according to Labor Department data. This is the smallest number of new jobs since President Biden has been in office. The gradual cooling shows that the economy is returning to balance after years of disruption due to the pandemic, and so far shows limited problems for workers. Unemployment fell to 3.5%, the 2020 level, the lowest since 1969. The slowdown in new jobs is a sign that the Federal Reserve's drive to tame inflation is likely starting to weigh on a labor market that has remained remarkably strong even as the rest of the economy has begun to slow.
Source: economy.bg

Asia

To ensure energy security after the lifting of a number of restrictions around the coronavirus, China is increasing coal production, which has already been at record levels in recent months. Another measure is easing the ban on coal imports from Australia. Beijing has unofficially banned imports of Australian coal in 2020 following political clashes between the two countries. Before the ban, Austrian companies were China's second-largest coal supplier, providing about 30 percent of imports, or more than 70 million tons a year. China is the largest consumer of coal in the world, and at the same time, the country also produces the largest amount of coal. According to local authorities, in 2022 a record 4.45 billion tons of coal were mined in the country. Wood Mackenzie forecasts that coal consumption will rise 2% in 2023 from last year's levels as coronavirus restrictions ease. Coal has a large share of electricity production in China - 60%.
 
Source: investor.bg

 
Indexes of Stock Exchanges
06.01.2023
Dow Jones Industrial
33 517.95 (-122.66)
Nasdaq Composite
10 635.70 (66.36)
Commodity exchanges
06.01.2023
  Commodity Price  
Light crude ($US/bbl.)74.74
Heating oil ($US/gal.)3.0371
Natural gas ($US/mmbtu)3.5450
Unleaded gas ($US/gal.)2.2983
Gold ($US/Troy Oz.)1 877.10
Silver ($US/Troy Oz.)23.81
Platinum ($US/Troy Oz.)1 091.30
Hogs (cents/lb.)80.58
Live cattle (cents/lb.)156.78

       Discover Bulgaria

Orlova Chuka cave

The Orlova Chuka cave is located on the left shore of the Cherni Lom river, near the village of Pepelina, Rousse region. It is the second longest cave in Bulgaria (13 438 m in length), representing a complex labyrinth of interweaving galleries, tunnels, abysses, big and small halls. It was discovered by chance in 1941, and utilized in 1961. In 1963, it was declared a natural monument. Its name comes from the rock eagles, which nest in the rock rings near the cave. A group of speleologists discovered skeletons of two huge cave bears and three little bears in the bays of the cave. Some other findings include a flint knife, scrapers, spear points and remains of clay vessels, as well as some stone tools, which makes scientists believe that the part of the cave near its entrance was inhabited by man in the stone age, more than 40 000 – 2000 years ago.


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