SOFIX SOARS OVER 14% IN FIRST WEEK OF 2026

Sirma Group (SGH) announced that the opening of the trade of their shares on the Frankfurt Stock Exchange will be on 24.02.2026. As a result, SGH will have a dual listing on the BSE and FSE.

Shelly Group (SLYG) announced that their CFO Svetozar Iliev is stepping down due to personal reasons and Iliana Krushkova is taking over the position. The announcement was worded as a way for Shelly to prepare its financial organization for the new growth stage. Choosing an outside candidate also shows that within the years of growth the company was not able to develop the necessary financial capabilities in-house and there was nobody able to succeed Svetozar Iliev.

Telematic Interactive (TIB) announced that their BoD has decided to extend the share buyback program in 2026 when up to 3% of the shares, or 383,967 will be available till the end of 2026.

ü  Construction output in Bulgaria rose by 3.5% year-on-year in November 2025, following an upwardly revised 3.2% increase in the previous month, which had marked the softest growth since September 2024. Building construction (3.8% vs 3.1% in October) and civil engineering works (7.4% vs 5%) picked up, while specialized construction activities slowed further (0.1% vs 1.9%). On a seasonally adjusted basis, construction output grew by 1.4% in November, rebounding from a 1% drop in October.

ü  The industrial production fell sharply by 9.3% YoY in November, deepening from a revised 7.5% contraction in October and marking the twelfth consecutive month of declining activity. The downturn was the steepest since April, driven primarily by a collapse in energy goods output, which plunged 42.1% compared with a 10.3% decline in the previous month. Additional weakness was seen in non-durable consumer goods (-6.0% vs. -14.0%), capital goods (-2.5% vs. -2.4%), and consumer durable goods (-0.2% vs. 7.2%). In contrast, production of intermediate goods rose 3.1%, ending a ten-month streak of contraction. On a month-over-month basis, industrial output declined by 1.7% in November, following a 2.4% drop in October.

ü  Retail sales in Bulgaria rose by 3.1% year-on-year in November 2025, slowing from a 7.4% gain in the previous month. This marked the softest rise in retail activity in seven months, as sales growth moderated for non-food products excluding fuel (5.9% vs 12.9% in October), textiles, clothing, footwear and leather goods (5.1% vs 24%), audio, video, computer and communication equipment (14.7% vs 20.8%), and pharmaceutical and medical goods, cosmetics, and toiletries (2.1% vs 10.3%). Additionally, activity fell sharply for mail order, telephone, or internet (-8.8% vs 1.4%) and food, beverages, and tobacco (-2% vs -0.2%). Meanwhile, trade increased for automotive fuel and lubricants (10.3% vs 7.8%) and non-specialized stores (8.9% vs 7.6%).