Total revenues increased to nearly BGN 2.13 billion (EUR 1.09 billion) Earning before interest, taxes, depreciation and amortization increased to BGN 378 million (EUR 193 million).   Net profit growth to almost BGN 243 million (EUR 124 million).  One of the leading energy and financial group in South Eastern Europe – Eurohold Bulgaria, continues on the […]

Solvency II, the prudential regime for insurance and reinsurance undertakings in the EU  is portrayed as a global ‘gold standard’. An extraordinary case involving the Romanian Financial Supervisory Authority, ASF, and the insurance operator, Euroins Romania which has played out since the beginning of this year badly tarnishes the ‘gold standard’ claim – writes Dick […]

Sofia, 14 August 2023 – Dimitar Bonchev, who had previously been for eight years part of the management of Debt Collection Agency ЕАD (DCA), one of the leading debt purchase companies in Bulgaria, has again been elected as a member of the company’s Board of Directors. He has replaced Georgios Christoforou who will focus on […]

Fitch Ratings, one of the leading rating agencies worldwide, has affirmed ‘B+’ Insurer Financial Strength Rating with stable outlook to Insurance Company Euroins AD (Euroins Bulgaria), the largest subsidiary of Euroins Insurance Group AD (ЕIG), part of Еurohold Bulgaria AD. The same rating has been affirmed to the reinsurance company of the group – EIG […]

Electrohold Trade will sell the green energy produced by the plant to Yettel and CETIN over the next 10 years Sofia, 22 June 2023 – The largest solar power plant built so far in Bulgaria – Verila (123 MW), has officially launched production today. Through the plant, Electrohold Trade will provide Yettel and CETIN with […]

Fitch Ratings, one of the largest rating agencies worldwide, has affirmed its assessment to Eurohold Bulgaria AD’s Long Term Issuer Default Rating at ‘B’ with a stable outlook. In a statement, the agency has also pointed out it had removed it from its watch list for a possible negative outlook on the rating (Rating Watch […]

The branch of Germany-based Varengold Bank in Bulgaria has provided financing for over BGN 100 million to developing businesses for the past two years since May 2021 until now. This information was announced yesterday evening at a ceremony in Sofia on the 5th anniversary of the institution.  Since the opening of the bank’s branch in […]

The Finnish Ministry of Defense plans to buy the David’s Sling air defense system in a €316 million (U.S. $345 million) deal announced just one day after Finland joined NATO, reported Defense news. Finland’s Ministry of Defence said it “authorised the Finnish Defence Forces to procure the David’s Sling system as the next long-range air defence […]

Fitch Ratings, one of the leading rating agencies worldwide, has downgraded the rating of Euroins Romania from “B+” to “CC” and placed it on Rating Watch Evolving (RWE). This was announced by the agency in an official release on its website.  At the same time Fitch Ratings has left unchanged the ratings of the other […]

Electrohold Sales EAD, in partnership with the insurance company Euroins, starts to offer its household customers “Electroprotection” insurance. The policy provides coverage for damage of home electrical appliances caused by short circuit, electric shock and overvoltage in the electrical network due to lightning. “Electroprotection” is a non-compulsory property insurance, concluded for a period of one […]