War in Ukraine and Falling EU Demand Drive Bulgaria’s 2025 Export Decline
Bulgaria’s export sector continued to face challenges in 2025, marking the third consecutive year of decline
Vienna Insurance Group Beefs up Presence in Bulgaria
- Tweet
Send to Kindle
Bulgaria’s Bulstrad, part of Vienna Insurance Group (VIG), has completed the acquisition of the country’s bancassurer UBB-AIG, VIG said on Tuesday.
Simultaneously with the acquisition, a cooperation agreement with United Bulgarian Bank (UBB) has been signed, VIG said in a statement.
UBB, owned by the National Bank of Greece (NBG) group, was Bulgaria’s fifth-largest bank by assets at the end of November 2015, according to statistical data of Bulgaria’s central bank.
“As a result, Vienna Insurance Group has expanded its portfolio in Bulgaria, enhancing sales potential in the country as part of the Group’s multi-brand distribution strategy,” VIG said.
“By acquiring UBB-AIG Bulstrad took advantage of the opportunity to strengthen its presence in the Bulgarian market and open up further customer segments,” commented Peter H?finger, member of the VIG managing board.
UBB-AIG posted net profit of BGN 1.38 M (EUR 700,000) on premium income of BGN 4.5 M (EUR 2.3 M) in 2014, according to the statement.
Related Articles:
Bulgaria Ranks Second in EU for Longest Workweek While Young Graduates Lead Employment Rates
Bulgaria continues to stand out in the European labor market for both its low unemployment and the high employment rate among young graduates
Business | February 12, 2026, Thursday // 23:00
Bulgaria Sees Clear Deceleration in Inflation, Officials Report Stable Market
Bulgaria’s National Statistical Institute (NSI) has reported a visible deceleration in inflation, according to the latest Consumer Price Index, calculated on the basis of more than 40,000 price observations covering around 8,000 goods and services
“Loyal EU Member” Bulgaria Under Fire from Russian Ambassador over Serbia Gas Talks
Russian Ambassador to Serbia Alexander Botsan-Kharchenko delivered sharp criticism of Bulgaria, highlighting its EU membership as a complicating factor in the delivery of Russian gas to Serbia
Bulgaria Weather Thursday: Temperatures Rise but Rain Persists in South and East
Thursday’s weather in Bulgaria will see a rise in temperatures, but clouds and rain will continue to affect large parts of the country, according to the National Institute of Meteorology and Hydrology (NIMH) forecast for February 12.
Bulgaria Celebrates Second Winter Olympic Medal as Lora Hristova Shines!
Lora Hristova delivered a remarkable performance in the women’s 15-kilometer individual start biathlon event at the Milano-Cortina 2026 Winter Olympic Games, earning Bulgaria its second medal of the competition
Sports | February 11, 2026, Wednesday // 16:37
How to Identify a Counterfeit Euro Banknote
Detecting a fake euro note does not require specialized tools or microscopes. By carefully examining, feeling, and tilting the banknote, you can verify its authenticity.
Bulgaria Nears Completion of Leva Withdrawal as 81% Taken Out of Circulation
As of February 6, 2026, Bulgaria continues to make steady progress in withdrawing the national currency, the leva, from circulation.
Bulgarian Central Bank Reports New 10-Year Government Debt Issue Worth €150 Million
Bulgaria has taken on new debt amounting to 150 million euros through the issuance of government securities, according to results published on the Bulgarian National Bank (BNB) website.
Bulgaria One Month After the Euro: Inflation Slows, Budget Pressures Remain
The first month following the introduction of the euro and the period of dual circulation with the lev has now ended, providing a clearer picture of how the transition is unfolding.
Bulgaria: What Taxpayers Need to Know After the Euro Changeover
The annual campaign for filing personal income tax returns under Article 50 of the Personal Income Tax Act is underway
Bulgarian National Bank: 81% of Lev Cash Withdrawn as Euro Fully Takes Over
The Bulgarian National Bank reported that as of February 6, 2026, the withdrawal of lev banknotes and coins and their replacement with euro cash is progressing in line with the applicable legislation and the operational plans approved for the transition.
