FIBANK SOARS AFTER GSA DECISION

Bulgarian Transport Holding (BTRH) announced a new dividend for BGN 3.00 per share amounting to 26.5% dividend yield.

Wiser Technology (WISR) – announced that they have been awarded the “Innovative Company of the Year” on the 21st Innovation Forum, which is organised by the European Commission and Kondrad Adenauer Foundation. The award was for the work of Wiser AI Factory, which is a new platform aiming to accelerate transformation with AI.

Fibank (FIB) had a GSA where the decision to reward 3 of its longest serving directors. The compensation is structured in a way that each will get a fixed amount, which will be used to purchase shares using their nominal value BGN 1.00 and later the bank will buy them back at a value between nominal and NAV value (as per Q3 results it is BGN 12.61 per share). They will each receive 494,400 shares now, the same amounts on YE 2026 and 2027 and the buyback program is for 76.7% of the amount, i.e. fully covering the first 2 tranches. The language of the memo, which included phrases indicating a future change of control of the bank, continued to feed the rumors about a future sale of the controlling stake of the bank.

ü  The trade deficit widened significantly to BGN 2,366.5mln in October 2025 from BGN 1,740.5mln in the corresponding month last year. This marked the largest trade deficit since records began, as exports rose less than imports. Exports grew by 0.6% year-on-year to BGN 7,769.5mln, with shipments rising to EU countries (2.9%), while it declined for non-EU countries (-3.8%). Meanwhile, imports climbed 7.1% to BGN 10,136mln, driven by higher purchases from both EU (7.9%) and non-EU countries (6%). Considering the January to October period, the country’s trade shortfall expanded to BGN 16,260mln in the same month of the previous year, as exports dropped by 3.7%, while imports advanced 5.1%.

ü  Construction output increased by 3.1% YoY in October. Growth moderated across all categories, namely civil engineering (4.9% vs 10.2% in September), construction of buildings (2.8% vs 8.7%), and specialized construction activities (2.1% vs 4.1%). On a seasonally adjusted basis, construction output fell by 1.1%, slipping further from a revised 0.8% fall in the prior month.

ü  Bulgaria’s industrial production slipped 7.7% year-on-year in October 2025 from an upwardly revised 5.7% drop in the previous month. This marked the eleventh consecutive month of contraction, as declines deepened for the manufacturing sector (-6.5% vs -0.1% in September, particularly in the manufacture of food products (-22.4%), beverages (-15.2%), and chemical and chemical products (-14.4%). On the other hand, production contracted softer for mining and quarrying (-10.7% vs -18.9%) and electricity, gas, steam, and air-conditioning supply (-10.9% vs -25%). On a seasonally adjusted monthly basis, industrial production fell by 2.1% in October, reversing a downwardly revised 2.9% gain in the preceding period.