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.
''I am ready for a dialogue with the president at any time, as I have done so far'', said caretaker Prime Minister Dimitar Glavchev regarding the proposed changes in the composition of the caretaker cabinet. ''The responsibility for the ministers I..
Italy supports Bulgaria's full-fledged membership in the Schengen area, Italian President Sergio Mattarella said. Mattarella is on a two-day visit to Bulgaria at the invitation of President Rumen Radev. The two discussed the development of relations in..
On 16 April 2024, the Ambassador Extraordinary and Plenipotentiary of the Islamic Republic of Iran to Bulgaria Mr. Alireza Irvash was summoned to a meeting at the Ministry of Foreign Affairs on the occasion of Iran’s attack on Israel on 14 April..
The MPs from the National Assembly Energy Committee have postponed by one year the full liberalization of the electricity marker. According to the..
Seventh-grader Kaloyan Geshev from the 125th High School "Boyan Penev" in Sofia became a three-time champion in mental calculation. He won first place..
Italy supports Bulgaria's full-fledged membership in the Schengen area, Italian President Sergio Mattarella said. Mattarella is on a two-day visit to..
+359 2 9336 661