Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

90% of fitness industry in Bulgaria controlled by intermediaries

Photo: library

The world trend for penetration of intermediaries in the fitness industry is also in force for Bulgaria. Unlike developed markets where their penetration does not exceed 5%, in Bulgaria within 3 years they have captured 90% of the market. This could lead to bankruptcies of small fitness halls, says Petar Angelov, chairman of the Bulgarian Association for Health and Fitness. According to him, pricing was dictated by intermediaries, as their strategy was squeezing out profits of operators and buying out entire businesses, which created the opportunity for monopolization of the market. There are two main intermediaries on the Bulgarian market - Benefit Systems with their Multisport Card and Sodexo with Sport Pass Card.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Kiril Vatev

Agriculture minister replaced days after taking office

Caretaker Prime Minister Dimitar Glavchev has proposed that Kiril Vatev be dismissed as Minister of Agriculture and Food and that Georgi Tahov be appointed in his place, the Council of Ministers' press service said. In his proposal to President Rumen..

published on 4/16/24 5:05 PM

Both Bulgarian teams win silver at EOES 2024

Both Bulgarian teams won silver medals at the European Olympiad of Experimental Science EOES 2024 , held in Luxembourg from 7 to 14 April 2024, the Ministry  of Education and Science said. The Bulgarian students competed with 44 teams from 23 EU..

published on 4/16/24 3:11 PM
Джеймс О`Брайън

O'Brien: "Bulgaria has contributed to security in the Black Sea"

The US will continue to provide assistance to Ukraine and Israel, US Assistant Secretary for European and Eurasian Affairs James C. O'Brien said in a special interview with BNR. Bulgaria is the first stop on his European tour.  "Bulgaria has been a..

published on 4/16/24 1:01 PM