SOFIX PUSHES FURTHER FOR NEW HEIGHTS

ImPulse Growth (IMP) announced that the additional 21,380 shares from the increase in capital with warrants, which took place earlier, have been allowed to trade on BEAM starting 20.03.2025.

Advance Terrafund (ATER) announced results for February. Current holdings are 182,191 as the company acquired 355 daa at BGN 1,758 per daa and sold 167 daa at BGN 2,800 per daa. This solidifies the impression over time that the company tends to sell the higher-grade agricultural land and acquire lower grade land. The collected rent for 2023-2024 stands at 86.4%, while for 2024-2025 it is 20.2%.

Sopharma (SFA) announced that for the month of February the company had a 35% decrease in revenues. On a year to date basis, the revenues have declined 10% due to 11% drop in domestic sales and 10% drop in exports.

Webit Investment Network (WIN) announced that one of their portfolio companies VUZ has received funding from the International Finance Corporation (IFC) of the World Bank due to their outstanding performance growing their revenues in 2024 by 60%. With that, the growth in revenues of the portfolio companies in the WIN portfolio for the last 2 years has been 3.31x, which is significantly higher than the 2-2.5x growth in revenues in the portfolios of similar venture capital funds.

ü  Bulgaria’s annual inflation rate rose to 4% in February 2025, the highest since December 2023, from 3.7% in the previous month. The main upward pressure came from the restaurant sector, which has been subject to a 20% VAT since the start of the year, up from the previous reduced rate of 9%. Household electricity bills also have risen by an average of 8.4% since January 1. Inflation for restaurants and hotels reached a one-year high of 9.5%, while it rose further for housing and utilities (5.6% vs 5.1% in January). Additionally, costs accelerated for food and non-alcoholic beverages (4.6% vs. 4.4% in January), health (2.7% vs. 2.5%), and recreation and culture (6.1% vs. 5.3%). On a monthly basis, consumer prices increased by 0.6%, slowing from January’s nearly three-year high of 2%.

ü  Bulgaria’s current account deficit increased to €467.1 million in January 2025 from €181 million in the corresponding month of the previous year. This was primarily due to a sharp expansion in goods deficit, which widened to €865.1 million from €449.7 million in January 2024. At the same time, the secondary income shifted to a deficit of €13.1 million from a surplus of €95 million a year ago. The services surplus also narrowed to €450.7 million from €495.9 million. Meanwhile, the primary income gap shrank to €39.7 million from €322.1 million.