The Bulgarian economy grew by 0.6% in Q3 2022
Bulgaria’s economy grew by 0.6 %in the third quarter of the year, the National Statistical Institute (NSI) said in a flash estimate on November 15. In real terms, gross domestic product (GDP) in Bulgaria in July-September was 44.54 billion leva,... Read More →
Business climate in Bulgaria improved in January 2022
A regular monthly poll by the National Statistical Institute (NSI) has found that managers see the business climate in Bulgaria as having improved, the second consecutive month of perceived improvement, following several months in a row of decline in 2021.... Read More →
Bulgaria and German firm sign memo on 140M euro investment in electric car plant
On behalf of the Bulgarian government, caretaker Economy Minister Kiril Petkov signed a memorandum on July 10 with German-based startup Next.e.Go Mobile on an 140 million euro investment in the construction of an electric car manufacturing plant in Lovech, reports... Read More →
How to develop a profitable business
Entrepreneurs possess a special kind of grit. They reach higher, do more and expect rewards for their efforts. But one colossal blunder many budding entrepreneurs make is initially putting too much emphasis on the profit portion of business. This narrow focus lacks several... Read More →
10 Reasons Deals Collapse
Relationships Know what the seller wants out of the deal. That seems obvious, but sometimes what they want is not obvious even to themselves. You must dig deeper and read between the lines to uncover their unrecognized motivations. Make sure you... Read More →
German Festo to Build Third Plant in Sofia with an Investment of €40 Million
The German Festo to invest 40 million euros in acquiring, designing, and building a new plant near Sofia. This will be the company’s third production facility in Bulgaria, as it has plants in Smolyan and Druzhba district in Sofia. The plot near... Read More →
Poll: Business sentiment in Bulgaria improved fractionally in August 2020
A regular monthly poll by Bulgaria’s National Statistical Institute (NS) has found that business sentiment in the country improved marginally in August 2020, compared with July, but largely only because of improved confidence among managers in the service sector. The... Read More →
How to Keep Business Going and Growing During an Economic Downturn
During uncertain economic times, and especially during an economic downturn, most companies focus their innovation efforts on cost-cutting, process efficiencies, and operations. And it makes sense; growth goes out the window when companies just want to stay afloat. Here are four ways to... Read More →
The 9 Critical Stages of Building a Business
1. You can’t sustain a business without positive cash flow. Even though profit may not be your driving motivation, you can’t sustain any business without generating cash. In most businesses, this means selling something, and proving that your product or service... Read More →
How Can I Tell Whether My Business Ideas Are Good or Bad?
With an estimated 100 million new businesses launched globally each year, the chances of coming up with an entirely unique business idea literally become slimmer by the second. However, even if a similar product or service, you can still offer a unique experience that... Read More →