Mount Ring - Bansko

Mount Ring - Bansko

Twisted Knee Complex

Twisted Knee Complex


Key Contracts Signed for Greece-Bulgaria Gas Interconnector Construction 10.10.2019
Key Contracts Signed for Greece-Bulgaria Gas Interconnector Construction
October 10 (BTA) - Key contracts for the Greece-Bulgaria Gas Interconnector were signed Thursday at the Ministry of Energy. Both parties signed a tax regime agreement for the Interconnector project, as well as other...

Parliament Supports Start of EU Accession Negotiations with North Macedonia, Albania under Certain Conditions 10.10.2019
Parliament Supports Start of EU Accession Negotiations with North Macedonia, Albania under Certain Conditions
October 10 (BTA) - Parliament supported here on Thursday the start of EU accession talks with the Republic of North Macedonia and the Republic of Albania with 129 votes in favour, four against and one abstention, given...

09.10.2019
Industrial Production Down 1.3% in August 2019, Y/Y
October 9 (BTA) - According to preliminary data released by the National Statistical Institute on Wednesday, the seasonally adjusted Industrial Production Index this August decreased by 0.1 per cent compared to July...


Weather/BNB fixing 14.10.19

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Bulgaria with 10 Entrants in SeeNews Top 100 of Biggest Companies in SEEurope

Bulgaria with 10 Entrants in SeeNews Top 100 of Biggest Companies in SEEurope

08.10.2019
Sofia, October 8 (BTA) - For the twelfth consecutive year, SeeNews ranked the biggest companies in Southeast Europe (SEE) by total revenue in its Top 100 list released on Tuesday. Ten Bulgarian companies ranked among the biggest businesses, with two making it into the top 10. Steady, consumption-led economic growth and increasing wages brought record-high sales to the 100 biggest companies in Southeast Europe in 2018, as Romania's Automobile Dacia remained leader by turnover, SeeNews says. For a second consecutive year, Lukoil Neftochim Burgas and Aurubis Bulgaria were among the leading 10 companies in the region, ranking sixth and eighth, respectively. Aurubis Bulgaria was the biggest metals producer in SEE despite a slight decrease in revenue and drop in profit in 2018. Both companies, however, dropped in the TOP 100 SEE ranking from fifth and sixth position, respectively. The TOP 100 SEE company ranking is dominated by Romania with 54 entrants, followed by Serbia with 13, and Slovenia with 12. Bulgaria and Croatia were represented with 10 and 9 companies, respectively, while Bosnia and Herzegovina and Northern Macedonia had an entrant each. This year, no Albanian and Moldovan businesses made it into the ranking. Kozloduy N-Plant was the only Bulgarian company to make it into the top 10 most profitable businesses in 2018, assuming eighth place in the ranking, which remained dominated by Romania in terms of entrants, but was led by Serbia's Aerodrom Nikola Tesla and Serbia Zijin Bor Copper. Three of the 10 companies in the money losers ranking were Bulgarian - Lukoil Neftochim, Natsionalna Elektricheska Kompania and Bulgargaz, holding the second, sixth and eighth positions, respectively. The combined revenue of the SEE TOP 100 companies expanded by 11 per cent to the record-high 126.3 billion euro ($138.8 billion), whereas their profit amounted to 5.7 billion euro, up by 17 per cent, the twelfth annual edition of the TOP 100 SEE ranking indicates. SeeNews editor-in-chief Nevena Krasteva commented for BTA's Daily News that Bulgaria has the same number and nearly the same participants as the year before, with the exception of the Kozloduy N-Plant which replaces CEZ. Also, the Bulgarian companies in Top 100 show a higher revenue growth (15 per cent) than the 11-per-cent average for the entire TOP 100. The Bulgarian companies in the ranking are mostly in the energy and trade sector, said also Krasteva. Unfortunately, no Bulgarian maker of automotive parts has made it into the TOP 100 or is anywhere near, even though it is a strong industry in Southeast Europe. She also pointed out that Bulgaria has the most entrants in the insurers' ranking, which shows strong competition and a potential for consolidation. LN/LN,DT Source: Sofia, http://www.bta.bg/en/c/DF/id/2086846
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