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Business Industry Capital
ISSN 1311-364X
Thursday, 03 December 2020, Issue 5340
  Bulgaria   Bulgarian Industrial Association   World   Discover Bulgaria BIC Capital Market Ltd. 

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BNB Exchange Rates
(03.12.2020)
  EUR   1.95583  
GBP   2.16138
USD   1.62094
CHF   1.80777
EUR/USD   1.2066*
ECB exchange rate
Basic Interest Rate
  as of 01.12   0 %  


Bulgarian Stock Exchange - 02.12.2020
  Total turnover (BGN): 9 797 674.89  
Traded companies: 37
Premium 1 967 158.56
Standard 6 659 153.55
REIT 774 926.10
Structured 2 594.61
Bonds 393 842.06
Biggest change
Billboard JSC - Sofia 9.91 %
Holding Saint Sofia JSC - Sofia -8.42 %
BaSE - Shares: 35 277.36
BaSE - REIT: 314.50

Manufacture of machinery for mining, quarrying and construction
BEIS rating
Top 10 companies by
Profit
for 2018
(thous. BGN)
  
  1   Consturction Tools SPLTD - Rousse   2 558  
  2   IPO LTD - Sofia   1 474  
  3   Assarel Remont LTD - Panagyurishte   587  
  4   Aemteh SPLTD - Pernik   495  
  5   MBI Bulgaria SPLTD - Sofia   365  
  6   Technomash - Bulgarian Industrial Group JSC - Nova Zagora   181  
  7   Efir - Remont verizhni mashini SPLTD - Stara Zagora   104  
  8   Promstroyproject LTD - Sofia   91  
  9   Berko Bulgaria SPLTD - Apriltci   51  
  10   RMZ-6 september SPLTD - Isperih   11  
Make your own Bulgarian companies rating in BEIS

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  Mayak KM JSC - Novi pazar
Tokuda Bank JSC - Sofia
 
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Financial news

‘With the assumption of no escalation in the number of people infected with COVID-19 and subsequent tightening of anti-epidemic measures, which will affect the economic behavior of households and companies, we expect in the fourth quarter of 2020 and in the first quarter of 2021 to continue the trend of recovering economic activity on a chain basis, but real GDP to remain below pre - pandemic levels.’ This is the forecast of the Bulgarian National Bank (BNB) set in the third edition of the Economic Review for the year. ‘In accordance with the indications of the international situation for recovery of global economic activity, our expectations for the external demand of Bulgarian goods and services are to shrink the annual decline in late 2020 and early 2021. The forecast for external demand is based on the assumption of controlling the potential increase in new cases of COVID-19 infection globally in Bulgaria in the fourth quarter of 2020 and in the first quarter of 2021 through restrictive measures that would not have such a negative effect on economic activity, as the ones undertaken in the first half of 2020.'

Source: economic.bg

The Bulgarian National Bank has decided to allow commercial banks to extend until March 31, 2021 the moratorium on payments on bank loans to borrowers affected by the corona crisis. The moratorium was introduced in early April and the acceptance of loan deferral applications continued until September 30, 2020. It benefited over 13,100 companies and over 93,300 individuals, who received up to 6 months deferral of loan installments totaling BGN 9 billion, excluding arrears. BNB's decision comes immediately after the decision by the European Banking Authority to renew its April guidelines on legislative and private moratoriums on loan payments. According to EBA, new applications for deferral of loans can be accepted until March 31, 2021, and the maximum allowable period of deferrals is nine months, and this period includes the period of already approved deferral on the loan.

Source: Sega

 
Concessions

Bulgaria's government said that it has awarded a 35-year concession of the Tervel-Bonevo limestone deposit to local company Patno Stroitelstvo. Concession payments are expected to exceed BGN 2 million over the 35-year period, the government said in a statement following its weekly meeting. The Tervel-Bonevo limestone deposit is located in the Dobrich province.

Source: SeeNews

Companies

The global investment company CVC Capital will now officially be the new owner of the largest dairy producer in Bulgaria, United Dairy Company (OMC). The company has agreed to acquire Greek Vivartia Holdings in a EUR 600 million deal. For its part, the latter is the owner of the Bulgarian United Dairy Company (OMC). The agreement was approved by the current owner of Vivartia Holdings - Marfin Investment Group (MIG). Under the agreed terms, EUR 175 million will be paid in cash, of which EUR 161 million will be given to MIG, and the rest will be distributed among the minority shareholders. The amount includes another EUR 425 million in debt. The Bulgarian United Dairy Company, which produces the Vereya, Rusalka, Fibela and Hansko brands, became part of the Vivartia group in 2007. The deal was then worth EUR 18.7 million. The company is the successor of several dairies in the country, operating since the late 50's in our country. As of 2019, OMC reports revenues of BGN 88.4 million. As of the end of last year, the company employs a little over 500 people in Bulgaria.

Source: money.bg

Varna-based Tex Team is going to set a regional hub for separate collection of used textiles and its subsequent preparation for reuse and recycling. The company is part of M Holding (which also includes Mania stores) and deals with the import, sorting and sale of reusable clothing. The project is funded by the program "Environment 2014 - 2020." and is worth BGN 432,148, of which BGN 64,499 are provided by the company, and the rest are gratuitous. The project also envisages the purchase of special software that allows monitoring of the quantities collected in the containers and can offer the most efficient routes of textile collection equipment. Some of the activities will be carried out in the sorting warehouses of Tex Team in Varna. The project funds will be used to purchase equipment and a line for sorting textiles and preparing them for reuse and recycling.

Source: Capital

The German company SUSE, which recently announced that it will invest in the construction of a new engineering hub in Bulgaria, will be the new owner of a company from the IT sector in the Silicon Valley. The group, which is the largest independent organization developing open source solutions, has already acquired the American Rancher Labs, it became clear from an official announcement. In October, SUSE announced that it would open its own engineering and innovation center in Bulgaria, based in Sofia. It will focus on developing entirely new open source technology solutions that allow customers to create, integrate and manage processes and workloads anywhere - from the company's core through the local and cloud environment. SUSE plans the center to be fully operational in the next 6 months, with the goal of growing and creating hundreds of jobs in the next 3 years.

Source: money.bg

Bulgarian IoT products developer Allterco said that its unit Allterco Robotics boosted its sales during the 2020 Black Friday and Cyber Monday campaigns to BGN 7 million, compared to BGN 1.6 million a year earlier. Allterco Robotics sold over 320,000 devices through its online store and distribution network to clients from 120 countries worldwide, Allterco said in a stock exchange filing on Tuesday. The largest interest came from clients in Germany, followed by Italy and Austria. As most foreign distributors sold all their available Allterco Robotics products during the campaigns, the company expects to start receiving new orders as its distributors start preparing for the Christmas holidays.

Source: SeeNews

Synergon Holding JSC reported a consolidated loss of BGN 2.55 million for the group for the first nine months of 2020, according to the company's report published through the Bulgarian Stock Exchange JSC. Only for the third quarter of 2020 the loss is BGN 731 thousand. It is fully due to subsidiary Toplivo JSC, which has a loss of BGN 3.73 million for the nine months of 2020. The holding owns 83.95% of the capital of Toplivo JSC, having bought 10.52% for the amount of BGN 1.04 million during the nine months. The consolidated result of Synergon Holding JSC for the nine months of 2019 was a profit of BGN 6.4 million, coming from the sale of Grand Hotel Plovdiv. The consolidated sales of Synergon Holding JSC decreased by 7.5% on an annual basis to BGN 244 million for the first nine months of 2020.

Source: investor.bg



       Bulgarian Industrial Association


 

       World

Europe

Belgium's post office has teamed up with the country's largest sports store chain as a shift to online purchases accelerated by the COVID-19 pandemic has left it overloaded with packages. Postal operator bpost is, like counterparts across the world, facing an unprecedented level of parcel deliveries as coronavirus restrictions have closed shops and confined people to their homes. The postal service has hired an extra 3,000 temporary workers, increased deliveries to two per day in parts of the country and agreed a deal with sports chain Decathlon for Belgians to pick up some of their packages at its stores. The Belgian postal service had to handle 78% more parcels in the second quarter of 2020 than a year earlier and last week hit a record of more than 600,000 packages delivered in a day. Most non-food shops in Belgium were closed for two months in the first COVID-19 wave and for a month in the second wave, fuelling the rise in online purchases. Shops only reopened on Tuesday. 

Source: Reuters

America

A bipartisan group of senators introduced a stimulus proposal worth about $908 billion on Tuesday, aiming to break a months-long partisan impasse over providing emergency federal relief to the US economy. Congress has faced increasing pressure to approve additional economic relief since talks between the White House and House Democrats collapsed, first over the summer and then again in the fall ahead of the Nov. 3 presidential election. With negotiations among congressional leaders at a standstill, senators in both parties have worked together for weeks on a proposal that could break the logjam. Several centrist lawmakers in the Senate — including Democrats Joe Manchin of West Virginia and Mark Warner of Virginia and Republicans Bill Cassidy of Louisiana, Mitt Romney of Utah, and Susan Collins of Maine — held a news conference Tuesday to push their proposal as a template for legislation that could pass Congress as the economy faces a winter surge in coronavirus cases.

Source: Yahoo News

Asia

Daimler Truck AG, the commercial vehicle unit of German automaker Daimler, announced that the company and its Chinese partner, Beijing-based Beiqi Foton Motor Co Ltd will produce and distribute Mercedes-Benz tractors in China. The production of the heavy-duty tractor models, equipped with top technology and aimed at an advanced market segment, is scheduled in two years' time in a new truck plant in Huairou, Beijing, owned by a joint venture between Daimler and Beiqi Foton, Daimler Truck said in a statement. The joint venture will invest more than 3.8 billion yuan ($580 million) for the acquisition of the plant, as well as the set-up of new infrastructure and production lines, the German truck maker said. "China, the world's largest truck market, is of utmost importance to us and has become one of our important markets for future growth," Martin Daum, chairman of the Board of Management of Daimler Truck AG, said in the statement, describing Wednesday's announcement as "the right strategic move for the right market at exactly the right point in time." 

 
Indexes of Stock Exchanges
02.12.2020
Dow Jones Industrial
29 883.79 (59.87)
Nasdaq Composite
12 349.40 (-5.74)
Commodity exchanges
02.12.2020
  Commodity Price  
Light crude ($US/bbl.)45.20
Heating oil ($US/gal.)1.3700
Natural gas ($US/mmbtu)2.7400
Unleaded gas ($US/gal.)1.2400
Gold ($US/Troy Oz.)1 837.60
Silver ($US/Troy Oz.)24.14
Platinum ($US/Troy Oz.)1 020.20
Hogs (cents/lb.)67.88
Live cattle (cents/lb.)113.92

       Discover Bulgaria

The Roman Stadium in Plovdiv

The Roman Stadium in Plovdiv is lying under the trading centre of the city, west of the Dzhumaya Mosque. It was built in the 2 A.D. like the stadium in Delphi. The ancient sports facility has the shape of a horseshoe, with 250 m length and 74 m width. The seats are for 30 000 people, arranged in 14 marble rows, which indicates what the size of the city was in the past. The most interesting competitions were the Pitian and the Aleksandrian Games, organized on the model of the old Greek Olympic Games. The basic events were discus and spear throwing, race, jumps, wrestling and shooting. The Games took place every 4 years and continued several days. In the end of the IV century the Stadium was used as a race course, because Emperor Teodosius I forbade the athletic games. Today the ancient sports facility is one of the many sight-seeings from Roman time in Plovdiv.


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