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Business Industry Capital
ISSN 1311-364X
Monday, 04 November 2019, Issue 5072
  Bulgaria   Bulgarian Industrial Association   World   Discover Bulgaria BIC Capital Market Ltd. 

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BNB Exchange Rates
(04.11.2019)
  EUR   1.95583  
GBP   2.27401
USD   1.75584
CHF   1.77593
EUR/USD   1.1139*
ECB exchange rate
Basic Interest Rate
  as of 01.11   0 %  


Bulgarian Stock Exchange - 01.11.2019
  Total turnover (BGN): 490 601.11  
Traded companies: 32
Premium 24 870.49
Standard 452 971.96
REIT 12 758.66
Biggest change
Odessos Shiprepair Yard S.A. JSC - Varna 14.29 %
Active Properties REIT - Plovdiv -8.70 %
BaSE - Shares: 3 492.03
BaSE - REIT: 20 241.09

Manufacture of gas; distribution of gaseous fuels through mains
BEIS rating
Top 10 companies by
Net sales
for 2017
(thous. BGN)
  
  1   Overgaz Mrezhi JSC - Sofia   163 020  
  2   Udinex SPLTD - Sofia   75 403  
  3   Citygas Bulgaria SPJSC - Sofia   44 790  
  4   Aresgas SPJSC - Sofia   37 496  
  5   Comeces JSC - Samokov   6 038  
  6   Sevlievogas 2000 JSC - Sevlievo   4 623  
  7   Primagas JSC - Varna   4 372  
  8   Balkangaz 2000 JSC - Botevgrad   3 466  
  9   Borovets Gas JSC - Samokov   2 186  
  10   Elin Pelin Gas And Energy Company SPLTD - Elin Pelin   1 973  
Make your own Bulgarian companies rating in BEIS

Certificated
Bulgarian companies

General meetings today
  Elma-M-Group JSC - Bourgas
KRZ Port Bourgas JSC - Bourgas
 
Forthcoming General Meetings



Financial news

According to the monthly reports of the primary budget spending units, the balance of the Consolidated Fiscal Program (CFP) on a cash basis as of September 2019 was positive at the amount of BGN 1.264 billion (1.1 percent of the projected GDP). The positive balance is formed by excess of revenues over expenditures under the national budget in the amount of BGN 1205.7 million and by European funds in the amount of BGN 58.8 million. Revenues, grants and donations under the CFP as of September 2019 amount to BGN 32,797.9 million or 74.8 percent of the annual estimates. Compared to the same period of the previous year, revenues, grants and donations under the CFP increased nominally by BGN 3634.3 million, incl. tax and non-tax revenues - by BGN 3224.6 million (11.6 percent) and receipts from grants and donations (mainly grants under EU programs and funds) - by BGN 409.7 million. The total amount of tax revenue, incl. revenues from social security contributions amounted to BGN 26,096.2 million, which is 75.5 percent of the tax revenue planned for the year.

Source: 24 chasa

The total amount of expenditure on research and development activity (R&D) in Bulgaria was BGN 827.6 million in 2018, which was 8.9% more than the previous year. R&D intensity (R&D expenditure as % of GDP) also increased in comparison with the previous year - from 0.74% in 2017 to 0.75% in 2018. The increase in total R&D expenditure in 2018 compared to the previous year was mostly due to the business enterprise sector where R&D expenditure increased by BGN 60.7 million or by 11.4%. Business enterprise sector was the largest of the four institutional sectors of R&D performance with a share of 71.9% of the total R&D expenditure. It was followed by the government sector, which research institutes and organizations formed 22.1% of the total R&D expenditure. The spending on R&D by tertiary schools and university hospitals amounted to 5.4% and respectively by the nonprofit organizations - 0.6% of total R&D expenditure.

Source: Novinite.com

 
Companies

Plovdiv-based company Ataro Clima SPLTD launches the first smart factory in Bulgaria. This means production that is as automated as possible, and the involvement of a worker in the process is minimized. Machines can operate around the clock, even without the need for room lighting. There is no similar smart production and a configured production line on such a scale in Bulgaria, and according to the supplier of machinery - neither on the Balkan Peninsula. The company is now ready with the new hall, which will house the ultra-modern machines. Its area is 10,000 square meters and was built for this purpose, said Hristo Rogachev, head of Ataro Clima. It is expected to start operation in the first days of 2020. The whole production process is automated - from the absorption of raw material to the release of the finished product. Human intervention involves submitting material at the inlet of the production line and unloading the finished product from the final station.

Source: Marica

Rousse-based leading producer of socks Delta Textile, will build a photovoltaic power plant for its own needs with the help of CEZ ESCO, reported CEZ Bulgaria. The capacity of the solar power plant will be 195 kWp. Plans are for it to be put into operation by April 2020. The useful life of the equipment is 25 years, and the payback period is 7 years. Currently, the stocking factory is buying the electricity it needs from the free market electricity supplier CEZ Trade Bulgaria, which is also part of the Czech company CEZ Bulgaria. CEZ Trade and CEZ ESCO continue the successful implementation of energy projects in order to improve energy efficiency and optimize the costs of CEZ Group customers throughout Bulgaria. Delta Textile - Bulgaria is part of the Israeli Delta Galya Industries - a company with a turnover of USD 1.5 billion a year. The Rousse-based company produces socks of world-famous brands such as Nike, Wilson, Converse, Mark & Spencer, Hema and others.

Source: mediapool.bg

The Deputy Minister of Economy Lachezar Borisov handed a certificate for investor class A to the Executive Director of BTL Industries JSC for the investment project "Construction of a factory for production of electronic medical equipment". The company, which has been operating in Plovdiv for over 20 years and is a world leader in the development, production and marketing of electronic medical equipment, plans to expand its production and build a new base in the city. The investment amounts to nearly BGN 20 million as 200 new jobs are expected to be opened. BTL Industries is the third largest physiotherapy medical technology manufacturing company in the world. The company is a global leader in the development, production, marketing and service of electronic medical equipment in three areas: Physiotherapy, Cardiology and Aesthetic Medicine. The company appliances are sold in over 120 countries on 6 continents. Its manufacturing base is located in Plovdiv and has an R&D center.

Source: Trud

Bulgarian diversified group 235 Holdings said that Hong Kong-registered 235 Holdings Limited decreased its stake in the company to 29.49% from 34.50% on October 29. The company did not provide further details. Sofia-based 235 Holdings' shares last traded on the Bulgarian Stock Exchange at a price of BGN 22.6 apiece. Hong Kong-registered 235 Holdings Limited held a stake of 97.87% in 235 Holdings in June 2018 but has been actively divesting its interest in the Bulgarian company since then. 235 Holdings shares started trading on the Bulgarian Stock Exchange in July 2018. In June 2018, 235 Holdings increased its capital to BGN 5.1 million from BGN 100,000 by issuing 5 million shares at a price of BGN 1 apiece equal to the par value. Hong Kong-registered 235 Holdings Limited is controlled by Bulgarian private individual Tenyo Latev.

Source: SeeNews

Toplivo AD increased its loss by 8% year-on-year to BGN 3.55 million for the first nine months of 2019, according to the report of the company published through BSE AD. In the third quarter of 2019 alone, the loss was BGN 1.03 million, an increase of 281% year-on-year. The major part of the loss is formed by depreciation expenses in the amount of BGN 2.98 million for the first nine months of 2019. The profit from the sale of real estate, non-current intangible assets and investment property is BGN 492 thousand for the first nine months of 2019, compared to BGN 612 thousand for the corresponding period of 2018. Sales increased by 19% year-on-year to BGN 150 million for the nine quarters of 2019. In the third quarter alone, growth increased by 11% to BGN 59 million. Synergon Holding AD is a major shareholder with a 73.42% stake. On February 21, 2019, the share capital of Synergon Petroleum OOD was increased by 25% and Toplivo AD is no longer the main owner of Synergon Petroleum OOD, as such it is already Synergon Holding AD with a share of 89.64 %, and Toplivo AD remained with 10.36%. Shares of Toplivo AD fell by 20% in the last 12 months to BGN 2.8 per share and BGN 15 million market capitalization.

Source: investor.bg



       Bulgarian Industrial Association


 

       World

Europe

Changes to France's jobs market are entering into force on Friday as part of President Emmanuel Macron's plan to make the labour market more flexible and revitalize economic growth. The new rules make it more difficult for the unemployed to claim benefits, which could encourage more people to get back to work more quickly. Critics argue they fray an important social safety net. France's unemployment rate decreased to its lowest level in a decade this summer, at 8.5 per cent, but still remains among the highest in the European Union. The new rules increase the amount of time people have to work to be entitled to unemployment benefits. They also reduce by 30 per cent the benefits that wealthier workers those whose salary was above EUR 4,500 a month get after six months of unemployment. French job seekers get, on average, over EUR 1,000 per month for two years. Wealthier workers can get up to a maximum of EUR 6,615 per month.

Source: Associated Press

America

Google parent company Alphabet will buy Fitbit, putting the tech giant head to head with Apple in the fitness tracking space. The deal values Fitbit around $2.1 billion at a fully diluted equity value, according to Friday’s announcement. Fitbit’s stock surged 16%, while shares of Alphabet were up about 0.8% Google will pay $7.35 per share in cash for the acquisition, Fitbit said. Fitbit’s all time high share price was $51.90 on Aug. 5, 2015, a couple months after its stock market debut at $30.40. The deal is expected to close in 2020. On Monday, Fitbit’s stock surged more than 30% on news that Alphabet had made an offer to acquire the smartwatch maker. As of Monday’s close, Fitbit’s market cap sat at $1.5 billion, up $340 million from the previous trading day. Following the announcement, Google’s hardware chief Rick Osterloh released a blog post explaining how the acquisition can help Google advance its ambitions for Wear OS, its software for smartwatches.

Source: CNBC

Asia

China’s Suntien Green Energy Co. Ltd, a wind power producer and piped gas distributor, plans to build a $1 billion liquefied natural gas (LNG) receiving terminal in north China by end-2022, after its investment plans won state approval, a company official said. The little-known firm, backed by the Hebei provincial government, joins a handful of Chinese companies outside the dominant state energy giants aiming to own and operate a receiving facility for the super-chilled fuel, of which China is the world’s second-largest buyer. In a Hong Kong exchange filing on Thursday, Suntien said the central government had approved its plan to build a gas terminal in the city of Tangshan with an eventual handling capacity of 12 million tonnes a year. A Hongkong-based investor relations official told Reuters the company would initially invest 8.07 billion yuan ($1.15 billion) for a first-stage terminal able to handle 5 million tonnes of LNG a year by the end of 2022.

Source: Reuters

 
Indexes of Stock Exchanges
01.11.2019
Dow Jones Industrial
27 347.36 (301.13)
Nasdaq Composite
8 386.40 (94.04)
Commodity exchanges
01.11.2019
  Commodity Price  
Light crude ($US/bbl.)55.96
Heating oil ($US/gal.)1.9300
Natural gas ($US/mmbtu)2.8100
Unleaded gas ($US/gal.)1.6500
Gold ($US/Troy Oz.)1 513.90
Silver ($US/Troy Oz.)18.12
Platinum ($US/Troy Oz.)957.40
Hogs (cents/lb.)64.45
Live cattle (cents/lb.)119.52

       Discover Bulgaria

Professional holiday of Rousse shipbuilders

A year after the liberation from Turkish rule in 1879 Russia officially gave to the Principality of Bulgaria military vessels with a ship repair workshop in Rousse, which becomes part of the organizational structure of the fleet and the Sea part in Rousse. Along with names like Rousse Port plant, mechanical plant, repair shop, etc., in maritime history this workshop is popular as Naval arsenal - Ruse. It is the first metalworking plant in Bulgaria. It is the largest enterprise of the Bulgarian steel industry until the beginning of XX century by technical base and by number of workers. The first ship repair is made with the adjustment of a wheel steamer for Alexander Battenberg’s yacht called "Experience". In 1881 was built the first Bulgarian ship "Bot-1" in Ruse, in length 16 m, width 3 meters and a displacement of 60 tons, which marked the beginning of Bulgarian shipbuilding. November 4th is celebrated as Professional holiday of Rousse shipbuilders 1993. (Photo: morskivestnik.com)


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