Bulgaria

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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*:17.6%
TOTAL NON-LIFE*:82.4%
Overall Property*:11.3%
Overall Motor*:61.3%
MTPL*:37.0%


Sources:



 


Statistics

Bulgaria 1Q2019 Market Portofolio

Bulgaria 1Q2019 Insurance Companies Rankings


See all statistics

Latest news

Eurohold Bulgaria leads blue-chip gainers in Sofia, SOFIX up

Financial and insurance group Eurohold Bulgaria was the top blue-chip gainer on the floor of the stock exchange in Sofia on Tuesday, bourse data showed. Eurohold Bulgaria shares rose by 2.31% to 1.330 levs as 11,258 units changed hands.

Bulgarian NADEZDHA Insurance Company's licence revoked

The Bulgarian Financial Supervision Commission (FSC) has revoked the licence of NADEZDHA Insurance Company for carrying out insurance activity for all classes of insurance, forbidding the company to conclude any new re/insurance contract for six months.






BULGARIAN insurer Bulstrad's H1 non-cons net profit falls

Bulgarian insurance company Bulstrad, a unit of Vienna Insurance Group (VIG), said on Monday its non-consolidated net profit fell to 3.6 million levs (USD 2.2 million/1.8 million euro) in the first half of 2017 from 4 million levs in the like period of last year.





BULGARIA's Starcom Holding cuts stake in insurer Eurohold

Financial and insurance group Eurohold Bulgaria said on Tuesday its majority owner Starcom Holding has decreased its stake in the company to 52.36% from 57.36%. Starcom Holding sold a total of 7.95 million Eurohold Bulgaria shares at a price of 1.29 levs (USD0.75/0.66 euro) each on June 29, Eurohold said in a bourse filing.

BULGARIA's Life Insurance Institute gets nod to absorb Health Insurance Institute

The Bulgarian competition authority said on Tuesday it has granted approval to Sofia-based Life Insurance Institute to absorb local peer Health Insurance Institute. The merger does not represent concentration of business under Bulgarian law, as the two companies have the same owner, the Commission for Protection of Competition said in a statement.


BULGARIA: SAGLASIE to acquire TOKUDA Health Insurance

The Bulgarian FSC - Financial Supervision Commission announced it has approved the 100% takeover of TOKUDA Health Insurance by the life insurer SAGLASIE. The transaction amount is of about EUR 3 million.