Nickolay Stoyanov

1 week ago | kinsights.capital.bg | Nickolay Stoyanov

In a significant blow to one of Bulgaria's major insurers, the Financial Supervision Commission (FSC) has temporarily banned DallBogg: Life and Health from selling insurance products across the European Union. The ban marks another high-profile failure of a Bulgarian insurer's aggressive international expansion strategy, particularly in the competitive motor insurance market.

2 weeks ago | kinsights.capital.bg | Nickolay Stoyanov

The single European currency has long been fertile ground for populism and disinformation across the continent. In Bulgaria, recent positive convergence reports of the European Commission and the European Central Bank that give the country the green light for its final steps toward adopting the euro-have sparked protests, drawing several thousand people onto the streets of Sofia.

1 month ago | kinsights.capital.bg | Nickolay Stoyanov

The 8% profit growth reported by the banking sector to 3.7 billion levs in 2024, which is a new record in nominal terms, testifies to the robustness of the financial system. It's also an important marker when set against the backdrop of the global trade turmoil that is eroding growth potential and even threatening to bring a global recession.

2 months ago | kinsights.capital.bg | Nickolay Stoyanov

One of the most aggressively growing Bulgarian banks in recent years, TBI Bank, is likely to have a new owner soon, according to a stock exchange announcement by the consumer lending specialist 4finance Holding S.A. that has signed a definitive sale agreement with venture capital fund Advent International.

2 months ago | kinsights.capital.bg | Nickolay Stoyanov

The banking sector reported a record profit of BGN 3.7 billion for 2024, but 2023's peak of BGN 1.1 billion in dividends distributed would not fall. That, at least, is what the plans of the country's biggest financial institutions suggest before their annual shareholder meetings, where this is decided.