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.
Bulgaria will assist Ukraine in the process of rebuilding its energy infrastructure. This was announced after a meeting between Bulgaria’s Energy Minister Vladimir Malinov and Ukraine’s ambassador to Bulgaria Olesya Ilashchuk. “Deepening..
The Parliamentary Committee on Tourism has adopted at first reading the Bill for Amendments to the Foreigners in the Republic of Bulgaria Act, submitted by Manoil Manev and Temenuzhka Petkova from the GERB-SDS parliamentary group, which..
The leader of GERB, Boyko Borissov, announced that a second "assemblage" with "We Continue the Change - Democratic Bulgaria" after the elections cannot exist. In response to a journalist's question regarding an accusation made by..
In 2021, the value added of the EU’s information and communication technology (ICT) sector was equivalent to 5.5% of the EU’s gross value added: 4.7%..
MEPs are concerned about Russian interference in the upcoming elections on June 9, and the properties on the territory of Bulgaria currently owned by..
On Wednesday minimum temperatures in the country will range from 7 to 12° C., for Sofia 9° C. During the day there will be sun, with clouds over the..
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