The world trend for penetration of intermediaries in the fitness industry is also in force for Bulgaria. Unlike developed markets where their penetration does not exceed 5%, in Bulgaria within 3 years they have captured 90% of the market. This could lead to bankruptcies of small fitness halls, says Petar Angelov, chairman of the Bulgarian Association for Health and Fitness. According to him, pricing was dictated by intermediaries, as their strategy was squeezing out profits of operators and buying out entire businesses, which created the opportunity for monopolization of the market. There are two main intermediaries on the Bulgarian market - Benefit Systems with their Multisport Card and Sodexo with Sport Pass Card.
More than 250 types of wine participate in this year's 12th Festival of Wine and Cultural Heritage Avgustiada in Stara Zagora. It opens tonight at 5:30 p.m. with a parade of the contenders for Queen Avgustiada, folklore groups and the..
Albania to start substantive EU accession negotiations on 15 October The EU's permanent representatives in Brussels have unanimously decided to open accession negotiations with Albania. The process will start on 15 October with an EU-Albania..
For the first time in 38 years the population of Bulgaria has practically stopped its downward trend. In 2023 the decline is by a mere 0.3%, or just 2,229 people, indicate data from the demographic development strategy for last year. At the end of..
The Central Election Commission held a draw to determine the order in which the parties and coalitions will appear on the ballot for the early..
The first coordination meeting with the participation of all structures involved in the contract for the acquisition of Stryker combat vehicles for the..
Bulgaria supports the United Nations' mission of having humanity's future shaped by development policies and not by military conflicts, President Rumen..
+359 2 9336 661