Market Overview (09 June – 13 June) The main Bulgarian index SOFIX decreased this week by 0.59% to 1006.98 points. The broad index BGBX40 decreased this week […]
Shelly tapping into a new market Wiser Technology with IPO
| Market Overview (08 Sept– 12 Sept) | |
| The main Bulgarian index SOFIX decreased this week by 0.75% to 1071.62 points. The broad index BGBX40 decreased this week by 0.23% to 195.28 points. BGREIT decreased by 0.16% this trading week to 230.31 points. | |
| Corporate News | |
| Shelly Group (SLYG) announced that through a new wide product selection of Smart Miniature Circuit Breakers (MCB) they are getting into a new market for utilities management and monitoring of professional and commercial industrial spaces. The current market is valued at USD 2.5 billion but grows at 10.5% p.a. and is expected to reach USD 5.8 billion by 2033. The new products are supposed to start the DEKRA certification process in September and expectations are for it to finish in 2 months, after which VDE certification will start. Mass production is expected to commence in the beginning of 2026. The move will make 2026 very interesting to see the development of this business line, as well as the line for smart locks, which performed significantly beyond expectations since its implementation in early 2025.
Sirma Group Holding (SGH) following the news from last week, the company announced that they have submitted the prospectus for allowing of existing shares to be traded at the Frankfurt Stock Exchange (Boerse Frankfurt). Mellifera AD (MELI) had a GSM on 09.09.2025, where they made changes to the BoD. They released one existing member and appointed Svetozar Abrashev as a new member. The move coincided with a wave of internal restructuring at management positions aimed to boost innovation, productivity and access to international markets. Korado Bulgaria (KBG) announced a new dividend in the amount of BGN 0.05 per share or 2.05% dividend yield. Wiser Technology (WSR) announced that they will be increasing the capital via IPO of rights issue. The goal is to increase the capital from BGN 16,426,052 to BGN 20,988,833 with shares with nominal value of BGN 1.00 and emission value of BGN 6.00. Full terms can be found on https://sis.bg/startira-protsedura-po-uvelichenie-na-kapitala-na-uaizar-tehnolodji-ad-chrez-publichno-predlagane/
ü Bulgaria recorded a trade deficit of BGN 1,590.8 mln in July, widening sharply from BGN 544.7 mln in the same month last year. This also marked the largest deficit since April, as exports dropped more than imports. YoY exports declined by 13.2% to BGN 7,164 mln, with outbound shipments plunging 21.1% to EU and rising just 1% to non-EU countries. Meanwhile, imports fell at a softer 0.5% to BGN 8,754.8 mln, primarily due to lower purchases from non-EU countries (-3%), while imports increased from EU countries (1.5%). ü Industrial production fell by 8.3% YoY in July 2025, unchanged from an upwardly revised 8.3% in the previous month. Output growth slowed for mining and quarrying (2.1% vs 26.7% in June), while production contracted at a softer pace for manufacturing (-3.3% vs -7.3%). Meanwhile, production plummeted further for electricity, gas, steam, and air-conditioning (-34.9% vs -18.1%). ü Construction output rose by 6.1% YoY in July 2025, slowing from an upwardly revised 6.8% gain in the previous month. Civil engineering works (5.8% vs 6.2% in June) and specialized construction activities (8.1% vs 9.9%) slowed down. Meanwhile, growth in building construction remained steady at 4.6%. |
Full report can be downloaded here.
