Last Issue    Subscribe NOW!    Analyses    Discover Bulgaria    Български  Archive
Business Industry Capital
ISSN 1311-364X
Friday, 05 July 2019, Issue 4988
  Bulgaria   Bulgarian Industrial Association   World   Discover Bulgaria BIC Capital Market Ltd. 

BIC Capital Market Ltd. updated
the General terms and conditions for using information services and Privacy policy.

 On-line issue
 Bulgarian issue

BNB Exchange Rates
  EUR   1.95583  
GBP   2.17968
USD   1.73266
CHF   1.75884
EUR/USD   1.1288*
ECB exchange rate
Basic Interest Rate
  as of 01.07   0 %  

Bulgarian Stock Exchange - 04.07.2019
  Total turnover (BGN): 160 631.74  
Traded companies: 29
Premium 21 713.90
Standard 102 879.92
REIT 35 795.40
Structured 242.52
Biggest change
Fazerles JSC - Silistra 11.46 %
Industrial Capital Holding JSC - Sofia -10.66 %
BaSE - Shares: 6 774.08
BaSE - REIT: 25.00

Production and preserving of meat
BEIS rating
Top 10 companies by
Net sales
for 2017
(thous. BGN)
  1   Meat Factory Lovech JSC - Lovetch   146 728  
  2   Meat Factory Ruse JSC - Rousse   100 390  
  3   Tandem Popovo LTD - Popovo   21 117  
  4   Borimes LTD - Rousse   20 065  
  5   Agrocommerce 98 SPLTD - Targovishte   15 273  
  6   Nadezhda - M LTD - Byala   15 139  
  7   Meat Factory Svishtov LTD - Svishtov   15 064  
  8   Shenel Shaban Shaban ST - Prileptsi   14 096  
  9   Mesfuud JSC - Radinovo   13 266  
  10   Intermes LTD - Sofia   10 979  
Make your own Bulgarian companies rating in BEIS

Bulgarian companies

General meetings today
  Aglika JSC - Tvarditza
Bulsi JSC - Sofia
CCB Real Estates Fund REIT - Sofia
Etrovolan JSC - Etropole
Evrona JSC - Varna
Farm Trust JSC - Plovdiv
Greenenergy Technology JSC - Plovdiv
Holiday ON JSC - Bourgas
House-Building Company - Sofia JSC - Sofia
Investment Company JSC - Varna
Mesembria JSC - Bourgas
MV Yantra JSC - Gabrovo
Pension Assurance Institute JSC - Sofia
Radis Group JSC - Plovdiv
Simat JSC - Gabrovo
Tourist Information and Registration (TIR) JSC - Sofia
Transstroy - Sofia JSC - Sofia
VEI Project JSC - Tsaparevo
Wise JSC - Varna
Forthcoming General Meetings

Financial news

The number of newly opened infringement proceedings by the European Commission (EC) against Bulgaria decreased in 2018, according to the annual report for applying European legislation. In 2018, a total of 18 new proceedings were initiated against Bulgaria, the lowest number since 2014, when they totalled 41. The infringement proceedings totalled 20 in 2015, 27 in 2016 and 26 in 2017. Last year, there was a total of 60 open proceedings against Bulgaria, half of which were in connection with the delayed introduction of European law into national legislation. Of the newly initiated proceedings, the most (four each) are related to taxation and customs, and migration and home affairs. There were three proceedings each in the spheres of domestic market, industry and entrepreneurship; justice and consumers; healthcare and food safety. There were two proceedings each in the spheres of transport, telecommunications, environment, financial stability and financial services.

Source: BTA

Bulgaria’s National Assembly approved on July 4 the second reading of amendments to the 2019 Budget Act that cut the state subsidies for political parties and coalitions that got more than one per cent of the vote at the most recent election from 11 leva (about 5.5 euro) to one lev. This was the latest development in a saga that earlier saw a postponement of the second-reading vote to allow for consultations among the parties. The amendments will affect the third and fourth tranches of the state subsidies in the remainder of 2019. The law that the amount of the subsidy will be decided in the annual national Budget remains unchanged. The question of whether businesses and private individuals will be allowed to fund political parties remains open, and is likely to be addressed only when amendments to Bulgaria’s Political Parties Act are debated in the autumn.

Source: Sofia Globe


Diners Club Bulgaria JSC will act as a payment institution with payment services under the Payment Services and Payment Systems Act (PSPSA), the central bank press office said. The company will have the right to execute credit transfers, including orders for periodic transfers. The supplementation of the license of Diners Club Bulgaria was voted by the Governing Council of the Bulgarian National Bank (BNB) after Diners Club Bulgaria had provided all the required information and documents and the conditions for supplementing the license under the PSPSA have been fulfilled. The company has also complied with the requirements of BNB Ordinance No 16 on Payment Services and Payment Systems, and Requirements to the Activity of Operators of Payment Systems with Settlement Finality.


Coca-Cola Hellenic Bottling Company and Lavazza are discontinuing their cooperation, stopping the joint operations in all markets that the companies have partnered so far, including Bulgaria, and the termination of the joint operations will effectively come into force on 15 September. Since October 2017 Coca-Cola Hellenic Bottling Company offers Lavazza coffee products, including coffee capsules, soluble coffee and cofee machines. Before that, distributor in Bulgaria was Sofstock, owned by the businessman Miroslav Pechev. His company is one of the major distributors of coffee, tea and alcohol. Pechev is owner of Park Hotel Vitosha in Studentski Grad district in Sofia and Grand Hotel Bulgaria since 2016, and recently – of the golf and spa complex St. Sofia Resort, popular as "the Bulgarian Las Vegas".


Spark Shared E-Mobility Service will be officially launched in Romania next week. According to the media, the company will offer a wide range of electric vehicles from July 10 in Bucharest. The Spark Shared Ecommerce Company is a joint project of Eldrive, a Bulgarian company specializing in building and managing the infrastructure of charging stations for electric vehicles, and Lithuanian company Ride Share, which offers an equivalent service for shared mobility with electric vehicles in Vilnius, Lithuania. In mid-June, the company added two premium-class cars to its portfolio in Bulgaria, and so the total number of Spark's electric vehicles is already over 200. The company's plans for entering the Romanian market were announced last year by Spark Executive Director Stefan Spasov.


Acronis, based in Singapore, opens 130 new engineering job positions in Sofia. They will be part of the expansion of the European Center for Research and Development in the capital. The investment for the project is BGN 1.2 million. The Center in Sofia started operating in August 2018 with areas of activity such as cyber defense, Artificial Intelligence and Вlосkсhаіn projects. Its expansion is related to the development of a new product called Acronis Тоtаl Рrоtесtіоn. It is for the relevant security threads that are used for the selected information. Acronis has announced its presence in Bulgaria with the acquisition of T-Soft in Sofia, now renamed to Acronis Bulgaria. The company started its work in Sofia with a team of 30 people. Almost a year later there are 120.


Supermarket chain operator Billa Bulgaria, part of Germany's REWE Group, has opened its 52nd store in Sofia and 128th in the country. Billa Bulgaria will continue opening new stores at the same pace, both through organic growth and acquisitions. The company's new store in Sofia offers a retail area of 599 sq.m. and employs 22 people. Earlier this year, the company said that it will invest over BGN 34 million in expansion and renovation of its network in 2019. Billa, which entered the Bulgarian market in 2000, operates stores in 38 cities across the country.

Source: SeeNews

       Bulgarian Industrial Association




Qualcomm Inc., BMW AG, and Deutsche Telekom AG clinched a victory after European Union member states scrapped new rules mandating WiFi technology as the basis for how future connected cars talk to each other. The ruling is victory for 5G technology as countries around the world prepare for the roll-out of ultra-fast 5G wireless networks, which will power everything from self-driving cars to smart factories. The legislation -- first proposed in March by the European Commission, the bloc’s executive -- aimed to govern how future connected and automated cars in Europe send information between vehicles and infrastructure, in order to communicate about dangerous situations, road works, traffic lights and more. The companies had been urging EU legislators to veto it out of concern it would force them to make additional investments to fit a soon-to-be outdated technology, saying WiFi offers poorer performance than cellular-based technology compatible with future 5G networks.

Source: Bloomberg


American lawmakers are concerned that Facebook's Libra cryptocurrency may try to challenge the dollar and are demanding the company stand down. They want Facebook to immediately halt development of Libra until regulators have time to examine the plans and "take action," according to a letter sent Tuesday to the company by a group of lawmakers from the House Financial Services Committee. Chairwoman Maxine Waters, a Democrat from California, first suggested a moratorium on development the day Libra was announced. The new letter represents an escalation of pressure on Facebook's digital currency plans, which have also been scrutinized by regulators around the world. Other interest groups have weighed in, too: More than 30 organizations sent a similar request to Facebook on Tuesday, saying US and foreign regulatory systems are not prepared to address questions about "national sovereignty, corporate power, consumer protection" and other issues raised by the project. The lawmakers said they want to hold public hearings on the "risks and benefits of cryptocurrency-based activities and explore legislative solutions." 

Source: CNN


China's two giant state-owned shipbuilders finally confirmed a long-rumored megamerger. The tie-up will give them new scale to match Hyundai Heavy Industries' proposed acquisition of South Korea's Daewoo Shipbuilding and Marine Engineering. "CSSC is planning a strategic restructuring with China Shipbuilding Industry Corporation Co., Ltd.," CSSC's publicly-listed arm wrote in a stock exchange filing. "It is determined that the plan also needs to be approved by the relevant authorities. In order to ensure timely and fair disclosure of information and safeguard the interests of investors, it is now announced." CSSC spun off CSIC in 1999, giving the newly-formed entity control of government-owned yards in northern China. CSIC's assets include Dalian Shipyard, Bohai Shipyard, Wuchang Shipyard and a wide variety of associated suppliers, manufacturers and research labs. It had annual sales in the range of $50 billion as of 2017. CSSC owns Shanghai Waigaoquiao Shipyard, one of the nation's most advanced shipbuilders, along with Jiangnan Shipyard and Hudong-Zhonghua Shipbuilding. It took in about $30 billion in sales in 2017.

Source: Associated Press

Indexes of Stock Exchanges
Dow Jones Industrial
26 966.00 (179.32)
Nasdaq Composite
8 170.23 (61.14)
Commodity exchanges
  Commodity Price  
Light crude ($US/bbl.)56.79
Heating oil ($US/gal.)1.8800
Natural gas ($US/mmbtu)2.2900
Unleaded gas ($US/gal.)1.8900
Gold ($US/Troy Oz.)1 420.10
Silver ($US/Troy Oz.)15.30
Platinum ($US/Troy Oz.)840.10
Hogs (cents/lb.)78.38
Live cattle (cents/lb.)105.45

       Discover Bulgaria

Professional holiday of the Ministry of Interior

July 5 is celebrated as the professional holiday of the Ministry of Interior. This is one of the first Bulgarian ministries established after the Liberation of Bulgaria and restoring of the Bulgarian system of state. The building of the police structure in Bulgaria started after passing the Tarnovo Constitution – April 16, 1879. By Decree No. 1 of 5 July 1879 issued by Prince Alexander I, the Ministry of Internal Affairs was set up as part of the first Bulgarian government. Mr. Todor Bourmov was appointed the first Bulgarian Minister of Interior. The Ministry’s main areas of activity were as follows: internal affairs and administration, public health, veterinary control, posts and telegraphs management. Police functions were carried out by the administration and police department of the Ministry of Interior and the institutions related to it. Initially the Ministry was entrusted with tasks that were not inherent to it, such as: veterinary control (until 1893); posts management (until 1882) and public affairs (until 1885). Today the structure of MoI includes the following national services: National Security Service; National Police Service; and National Fire Safety and Protection of Population Service. Структурата на министерството включва и Educational Establishments, Science Institutes - Academy of the Ministry of Interior; Computer Technologies Institute; Special Technology Institute; Research Institute for Forensic Science and Criminology; MoI Psychology Institute; and MoI Medical Institute.

Subscribers of "Business Industry Capital" as of 05.07.2019
Bulgarian Issue: 29947, English Issue: 2912

Published by BIC Capital Market Ltd., Sofia, 16-20 Alabin Str.,
tel. (+359 2) 980-10-86, fax 981-45-67, e-mail:,
Copyright © 1999-2019. All rights reserved.

Business Industry Capital

January 2020
1  12345

February 2020
5     12

March 2020
9      1

April 2020
14  12345

May 2020
18    123

 2020   2019   2018  
 2017   2016   2015  
 2014   2013   2012  
 2011   2010   2009  
 2008   2007   2006  
 2005   2004   2003  
 2002   2001   2000