More Than Money: The Real Drivers of Digital Transformation in Bulgarian SMEs
Digitalization is no longer a concept of the future. It is the present reality in which businesses operate, compete, and create value
Growth is reported by companies operating in the technology, machinery, pharmacy, food, trade and textile sectors. This is presented by the "Capital 100" ranking for the tenth consecutive year. However, small and medium business are stimulating the Bulgarian economy rather than large companies.
The past year was not so good for energy and metallurgical giants because of low commodity prices.
The construction sector also took a downturn due to declining of government procurement, despite the revival in smaller companies building homes and offices in Sofia. Growth is tangible in food and drug manufacturers and retailers, whose revenues are increasing due to high domestic consumption.
A recent study by the Association for Responsible Non-Banking Lending (AONK) shows that nearly a quarter of Bulgarians have used quick loans at least once in their lives. The findings were presented by the organization’s chairman, attorney Nikolay Tsvetko
Bulgaria’s state fuel reserves are sufficient to cover normal consumption for the next 90 days, but domestic fuel prices continue to climb amid the ongoing military conflict in the Middle East
Acting Prime Minister Andrey Gyurov highlighted the strategic importance of energy infrastructure for the European Union during a meeting in Paris with other European leaders, convened at the invitation of French President Emmanuel Macron.
Bulgaria is increasingly turning into a destination for motorists from neighboring countries seeking cheaper fuel, as turbulence on global oil markets linked to tensions in the Middle East continues to influence prices across the region.
The ongoing military conflict in the Middle East is expected to influence fuel prices in Bulgaria with a lag of approximately 7 to 14 days, potentially pushing inflation in the country up by around 0.6%, according to economist Assoc. Prof. Shteryo Nozharo
The Commission for the Protection of Competition (CPC) has highlighted a troubling disparity in Bulgaria’s dairy sector: consumers face some of the highest prices for dairy products in the European Union, while local producers and processors struggle to s
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