Bulgaria exits recession with 9.6% GDP growth in Q2 2021

Bulgaria’s economic output rebounded by 9.6% from a year earlier in the second quarter of 2021, the most since the first quarter of 1998, after a 1.8% contraction in the previous period,, flash data from National Statistical Institute (NSI) showed. It was the first growth in four quarters due to the low base effect from the Covid-19 shock last year and as

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EBRD invests €74.3 million in Sofia Airport operating company

London-based European Bank for Reconstruction and Development (EBRD) announced on Tuesday (August 4) its support for the development of Sofia International Airport in Bulgaria, by making an indirect equity investment of 74.3 million euros ($88.33 million) in SOF Connect – the company operating and managing the facility. The bank’s investment consists of 58 million euros equity investment and a further 16.3 million

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ImPulse plans IPO on Bulgaria Stock Exchange’s BEAM market

Sofia-based ImPulse I, prepares to go public on July 7, carrying out an initial public offering (IPO) on Bulgarian Stock Exchange’s BEAM market. The investment company aims to raise up to BGN 6 M to invest in growing companies. ImPulse I will offer investors up to 5,334,000 ordinary shares with a nominal value of BGN 1 ($0.62) apiece and issue price of

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