Bulgaria

1000px-Flag_of_Bulgaria
Flag



bgr_ocha_1000px
Location map
author: OCHA/ ReliefWeb


Location:
- Southeastern Europe, bordering the Black Sea;
- Neighbours: Turkey, Greece, Macedonia, Serbia, Romania.

Climate:
- temperate;
- cold, damp winters;
- hot, dry summers coast.

Natural hazards:
- earthquakes;
- landslides.

Macro indicators
* 2018 estimates
Surface:110,994km2
Population*:7.0million
Pop. density*:63.2people/km2
GDP*:55.0EUR billion
GDP/capita*:7,844.0EUR

European Union:
EU member, since 2007

Currency: Lev
Code: BGN
Since: 1999

Exchange rates:
1 EUR = 1.95583 BGN (fixed)


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:18%
TOTAL NON-LIFE*:82%
Overall Property*:11%
Overall Motor*:61%


Sources:



 


Statistics

tari standard

Bulgaria 1H2020 Insurance Companies Rankings

tari standard

Bulgaria 1H2020 Market Portfolio


See all statistics

Latest news

EUROHOLD increases share capital by BGN 80 million

Bulgaria-based Eurohold plans to increase its share capital by BGN 80 million through preferred shares, the new total reaching BGN 277 million. The capital growth will help the company to reduce its debt and support expansion plans.


Bulgaria: Boiko ATANASSOV appointed as FSC's head

The Parliament of the Republic of Bulgaria appointed Boiko ATANASSOV as Chairperson of the Financial Supervision Commission (FSC) on March 15, with 134 votes in favour, none opposed or abstained.




EUROINS acquires ERGO subsidiaries in Czech Republic, Romania and Belarus

Bulgaria-based Euroins Insurance Group (EIG) has made a purchase agreement with Germany-based ERGO International AG for buying 4 ERGO insurance companies. EIG will take control over ERGO's life and non-life subsidiaries in Romania and Czech Republic, as well as the non-life company in Belarus.

EIG: The prudent approach applied in Romania, influenced the year-end group indicators

Bulgarian financial group EUROHOLD said its revenues from insurance activity at the end of December 2018 amounted to BGN 985.3 million (EUR 503.8 million), 2% less y-o-y. The insurance operating expenses for the period under review increased by 0.6% y-o-y to BGN 924.9 million (EUR 472.9) compared to BGN 919.2 million at the end of 2017.


BULGARIA: EUROHOLD turned on profit in 2018

Bulgarian EUROHOLD -owner of EUROINS Insurance Group (EIG) - announced in its preliminary financial report for 2018 - a positive financial result in amount of BGN 1.7 million (EUR 871,800) versus a loss of BGN 17.3 million (EUR 8.84 million) for the comparable period last year.