What to do when the bank gives me 0%

Bulmetal booked yet another strong quater with stellar margins across segments as packaging and machines start to balance out. Packaging drove profits in Q1, but machinery took the spotlight in Q2 with sizable addition to the top line and cash generation. The group also initiated first move into the d2d model with first contract in hungary paving the way to deliver on promises and further diverisy operation

Doverie United Holding continues to impress with its performance in the first half of 2025. Thanks to the expanded loan portfolio of its Moldovan bank, Moldindconbank, the Group’s net profit surged by 153% to reach BGN 71.7 million. Meanwhile, the accumulated cash from the sale of non-operational assets is being channeled into acquiring shares in “Sopharma.”

In 2024, the EU radiator market remained weak, marked by a continuing decline in EU construction and under the siege of more affordable Turkish production. Due to the EU sanctions on Russia, third-country producers gained an edge over their European peers, allegedly by having access to cheaper inputs. Eased energy costs slowed the expected sustainable transition, as heat pump producers reported weak demand. This, in turn, hindered Korado from potential expansion after introducing its heat pump-suited product line in late 2023.