Market Overview (04 Aug – 08 Aug) The main Bulgarian index SOFIX increased this week by 0.91% to 1049.79 points. The broad index BGBX40 increased this week […]
Wiser Technology changes leadership to adjust for future growth
| Market Overview (02 Feb – 06 Feb) | |
| The main Bulgarian index SOFIX decreased this week by 1.53% to 1353.82 points. The broad index BGBX40 decreased this week by 1.85% to 227.88 points and BGREIT increased this week to 233.62 points, up by 0.33%. | |
| Corporate News | |
| Wiser Technology (WISR) announced a change in the CEO position. The founder and existing CEO Kosta Yordanov stepped down in order to concentrate on M&A strategy and investor relations. In the same time, BoD member Ivaylo Slavov will take over the CEO position. The position of a Managing Director will be held by Torsten Wegener, who will focus on international development and sustainable growth. Additionally, the CFO position was also updated with Martin Milanov as the new person in charge. The massive overhaul of all major executive management positions show Wiser’s intent to prepare the organization of continued growth- steps that we have seen in the past with Shelly Group.
SinCars (SIN) announced that the news in various media about the company expanding production and R&D capabilities in Egypt are exaggerated. The CEO Rosen Daskalov announced that while there were talks at very high level government representatives about that, the major part of the negotiations are still to be conducted.
ü Retail sales in Bulgaria rose by 7.7% year-on-year in December 2025, following a 3.1% gain in the previous month. This marked the sharpest rise in retail activity in eleven months, as sales increased sharply in automotive fuel and lubricants (11.8% vs 10.3%) and non-food products excluding fuel (15.7% vs 5.9% in November), particularly in non-specialized stores (16.4% vs 8.9%), textiles, clothing, footwear, and leather (8.6% vs 5.1%), household appliances, furniture, and other household goods (29.3% vs 15.3%), audio, video, computer, and communication equipment (16.3% vs 14.7%). Meanwhile, activity declined further in food, beverages, and tobacco (-4.6% vs -2%). On a monthly basis, retail sales grew by 1.6% in December, following an upwardly revised 0.2% growth in the preceding period. |
Full report can be viewed here.
