BREF WITH A NEW BIG CLIENT FOR THEIR MAIN LOCATION

Additionally, they announced a webinar (online meeting with investors) on 19.02.2025 from 15:00 EET where they will be disclosing and commenting on the Q4 2024 performance and 2025 objectives for the company and many of their investments. Additionally, the CEOs of 2 of the portfolio companies will be present for questions.

Wiser Technology (BNR) announced that as a result of the issuing new shares to employees, the capital was raised by BGN 91,690 to a total of BGN 16,426,052. Additionally, they will have a GSM on 06.03.2025 from 11:00 EET at their HQ on Synergy Tower, fl 1, Tsarigradsko Shose 111P, Sofia to approve a new Board of Directors, which will include Torsten Vegener, a co-founder of several IT companies in Germany among which DD Synergy and C:1 Solutions, Ivanka Visnic, a professor at ESADE in Barcelona and Ivaylo Slavov, a founder of DIGITALL.

BREF (BREF) announced a new client for their main asset Synergy Tower, where TechnoLogica EAD rented out 3,367.27 sqm for a period of 8 years. With that, Synergy Tower is at 78.45% occupancy.

ü  Industrial production dropped by 3.9% YoY in December, slipping from a downwardly revised 2.4% rise in the previous month. Output tumbled both for manufacturing (-1.2% vs 3.2% in November) and electricity, gas, steam & air-conditioning supply (-28.8% vs 11.7%). Meanwhile, production rebounded for mining (8% vs -5%).

ü  Construction output in rose by 2.2% YoY in December, marking a sharp slowdown from the 8.6% growth recorded in the previous month. Building construction showed no increase (0% vs 5.5% in November), while civil engineering works rose at a softer pace (4.8% vs 9.3%).

ü  The trade deficit widened to BGN 1,674.5 mln in December from BGN 1,485.9 mln last year, preliminary estimates showed. Exports fell 3.9% year-on-year to BGN 6,209.3 mon, primarily attributed to lower sales to both EU (-3.6%) and non-EU (-4.4%) countries. Meanwhile, imports grew 1.2% from a year earlier to BGN 7,883.8 mln, mainly due to higher purchases from non-EU countries (12%).

ü  The consumer confidence indicator dropped to -19.5 in the first quarter of 2025 from -12.2 in the previous three-month period. This marked the lowest reading since the fourth quarter of 2023, as consumers were more pessimistic regarding the financial situation for their households (-12.8 vs -4.2 in Q4) and the economic situation of Bulgaria for the next 12 months (-26.3 vs -17.9).

ü  Retail sales climbed by 7.8% YoY in December, following a 6.8% rise in the previous month. This marked the strongest growth in retail activity since April, boosted by higher sales of food, beverages & tobacco (9.4% vs 11% in November) and non-food products (7.3% vs 5.8%).