Location map
author: OCHA/ ReliefWeb

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

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

Natural hazards:
- earthquakes;
- landslides.

Macro indicators
* 2018 estimates
Pop. density*:63.2people/km2
GDP*:55.0EUR billion

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
Overall Property*:11%
Overall Motor*:61%




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Bulgaria FY2021 Companies Rankings I N S

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Bulgaria FY2021 Market Portofolio

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Latest news

BULGARIA: Despite the crises, the insurance market is performing steadily

"Despite the crises, the insurance market is performing steadily. During the pandemic, the sector managed to adapt very quickly to new conditions of doing business in a digital environment, transform processes, maintain and further develop communication with customers", said Nina KOLCHAKOVA, Secretary General of the Association of Bulgarian Insurers (ABZ).

BULGARIA: Leading experts joined the discussion "Life Insurance - Protection and Investment", organized by ABZ and Bulgaria ON AIR on April 10

Life insurance in Bulgaria is experiencing an impressive rise. The development and potential of life insurance, its benefits to consumers and mechanisms for managing the funds invested by clients were among the topics commented during the discussion "Life Insurance - Protection and Investment" organized by the Association of Bulgarian Insurers and Bulgaria ON AIR on April 10, 2022.

Bulgaria: Insurers' Q3 net profits expanded by 37% y-o-y to EUR 124 m

Bulgarian insurance market posted aggregate 9 months 2021 net profit of BGN 242.2 million (EUR 123.8 million), 37% more as compared with the snapshot on 30 September 2020 (BGN 176.8 million/EUR 90.4 million), according to the market statistics published on FSC website.

Eurohold will hold over 88% of CEZ Distribution and more than 69% of CEZ Electro

The majority shareholder of CEZ Distribution Bulgaria AD and CEZ Electro Bulgaria AD - Eastern European Electric Company B.V. (EEEC), part of urohold Bulgaria AD, will increase its interests in the two companies to 88.2% and 69.3% of the capital, respectively, as a result of the public tender offers carried out and following the completion of the deals with the shareholders that have accepted the offers.