Industry Report Repair and installation of machinery and ...

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Industry Report Repair and installation of machinery and equipment 2018 BULGARIA seenews.com/reports This industry report is part of your subcription access to SeeNews | seenews.com/subscription

Transcript of Industry Report Repair and installation of machinery and ...

Industry Report

Repair and installation of

machinery and equipment

2018

BULGARIA

seenews.com/reports

This industry report is part of your subcription access to SeeNews | seenews.com/subscription

CONTENTS

I. KEY INDICATORS

II. INTRODUCTION

III. REVENUES

IV. EXPENSES

V. PROFITABILITY

VI. EMPLOYMENT

1 SeeNews Industry Report

I. KEY INDICATORS

The Repair and installation of machinery and equipment

industry in Bulgaria was represented by 2,677 companies at

the end of 2018, compared to 2,625 in the previous year

and 2,611 in 2016.

The industry's net profit amounted to BGN 134,831,000 in

2018.

The industry's total revenue was BGN 1,370,583,000 in

2018, up by 19.37% compared to the previous year.

The combined costs of the companies in the Repair and

installation of machinery and equipment industry reached

BGN 1,217,115,000 in 2018, up by 24.64% year-on-year.

The industry's total revenue makes up 1.39% to the

country's Gross domestic product (GDP) in 2018, compared

to 1.20% for 2017 and 1.14% in 2016.

A total of 14,933 people were employed in the Repair and

installation of machinery and equipment industry in 2018,

compared to 14,991 in 2017 and 15,783 in 2016.

Most of the companies in the industry are based in Sofia,

followed by Varna and Plovdiv.

II. INTRODUCTION

In 2018 the companies in the Repair and installation of

machinery and equipment industry numbered 2,677,

distributed in 9 sectors.

INDUSTRY STRUCTURE BY SECTORS AND NUMBER OF COMPANIES

1,148

499

332

263

223

212

Repair of machinery

Installation of industrial machinery and equipment

Repair and maintenance of other transport equipment

Repair of electrical equipment

Repair and maintenance of ships and boats

Others

In 2017 there were a total of 2,625 companies operating in

the industry. In 2016 their number totalled 2,611.

NUMBER OF COMPANIES IN REPAIR AND INSTALLATION OF

MACHINERY AND EQUIPMENT INDUSTRY BY SECTORS

SECTOR 2018 2017 2016

REPAIR OF MACHINERY 1,148 1,150 1,111

INSTALLATION OF INDUSTRIAL MACHINERY

AND EQUIPMENT

332 298 295

REPAIR AND MAINTENANCE OF OTHER

TRANSPORT EQUIPMENT

263 238 223

REPAIR OF ELECTRICAL EQUIPMENT 223 229 239

REPAIR AND MAINTENANCE OF SHIPS AND

BOATS

212 205 220

REPAIR OF ELECTRONIC AND OPTICAL

EQUIPMENT

188 192 199

REPAIR OF OTHER EQUIPMENT 147 147 146

REPAIR OF FABRICATED METAL PRODUCTS 121 130 146

REPAIR AND MAINTENANCE OF AIRCRAFT AND

SPACECRAFT

43 36 32

III. REVENUES

The total revenue in the industry was BGN 1,370,583,000 in

2018, BGN 1,148,145,000 in 2017 and 1,060,212,000 in 2016.

0

140,000,000

280,000,000

420,000,000

560,000,000

700,000,000

840,000,000

980,000,000

1,120,000,000

1,260,000,000

1,400,000,000

2016 2017 2018

BG

N

1,060,212,000

1,148,145,000

1,370,583,000

1,003,435,000

1,056,464,000

1,314,589,000

Total revenue

Net sales revenue

The companies in the Repair and installation of machinery

and equipment market of Bulgaria earned combined net sales

revenues of BGN 1,314,589,000 in 2018.

In annual terms, sales marked an increase of 24.43%

compared to 2017. In comparison to 2016 they grew by

31.01%. In 2017 sales rose by 5.28% year-on-year.

The Repair and installation of machinery and equipment

industry total revenue make up 1.39% to the country's GDP in

2018, compared to 1.20% for 2017 and 1.14% in 2016.

2 SeeNews Industry Report

0

0.14

0.28

0.42

0.56

0.7

0.84

0.98

1.12

1.26

1.4

2016 2017 2018

1.14%

1.2%

1.39%

Share in GDP

In 2018 the Repair and installation of machinery and

equipment industry contributed to GDP BGN 1,182,611,000 in

Gross value added (GVA) accounting for 0.65% of the total for

the country's economy.

In the previous year, the industry's GVA amounted BGN

983,157,000, accounting for 0.58% of the total for the

country in 2017. In 2016 the GVA of the Repair and installation

of machinery and equipment was BGN 848,075,000, or 0.56%

of the GVA for the country's economy.

GVA BY SECTORS

RANK SECTOR BGN SHARE OF THE

COUNTRY'S

GVA (%)

1 REPAIR OF MACHINERY 394,594,000 0.22

2 REPAIR AND MAINTENANCE OF SHIPS AND

BOATS

225,154,000 0.12

3 INSTALLATION OF INDUSTRIAL MACHINERY

AND EQUIPMENT

208,869,000 0.11

4 REPAIR AND MAINTENANCE OF AIRCRAFT

AND SPACECRAFT

199,402,000 0.11

5 REPAIR OF ELECTRONIC AND OPTICAL

EQUIPMENT

63,061,000 0.04

6 REPAIR OF ELECTRICAL EQUIPMENT 52,475,000 0.03

7 REPAIR OF FABRICATED METAL PRODUCTS 20,530,000 0.01

8 REPAIR AND MAINTENANCE OF OTHER

TRANSPORT EQUIPMENT

10,494,000 0.01

9 REPAIR OF OTHER EQUIPMENT 8,032,000 0.00

We expect, based on the trend in the last three years, the total

revenue of the Repair and installation of machinery and

equipment industry to change at a compound annual growth

rate (CAGR) of 13.70% in 2019.

NET SALES REVENUE BY SECTORS

RANK SECTOR NET SALES

REVENUE (BGN)

1 REPAIR OF MACHINERY 436,784,000

2 REPAIR AND MAINTENANCE OF SHIPS AND BOATS 262,299,000

3 INSTALLATION OF INDUSTRIAL MACHINERY AND

EQUIPMENT

237,545,000

4 REPAIR AND MAINTENANCE OF AIRCRAFT AND

SPACECRAFT

208,611,000

5 REPAIR OF ELECTRONIC AND OPTICAL EQUIPMENT 73,782,000

6 REPAIR OF ELECTRICAL EQUIPMENT 51,897,000

7 REPAIR OF FABRICATED METAL PRODUCTS 22,901,000

8 REPAIR AND MAINTENANCE OF OTHER TRANSPORT

EQUIPMENT

11,701,000

9 REPAIR OF OTHER EQUIPMENT 9,069,000

INDUSTRY'S NET SALES REVENUE STRUCTURE BY SECTORS

33.23%

19.95%

18.07%

15.87%

7.27%

5.61%

Repair of machinery

Repair and maintenance of ships and boats

Installation of industrial machinery and equipment

Repair and maintenance of aircraft and spacecraft

Repair of electronic and optical equipment

Others

The highest growth, of 55.56%, was recorded by Installation

of industrial machinery and equipment, while Repair of

fabricated metal products registered the sharpest decline, of

13.45%.

TOP COMPANIES' REVENUE BY SECTORS

SEGMENT COMPANY TOTAL REVENUE

(BGN)

NET SALES

REVENUE (BGN)

REPAIR OF OTHER EQUIPMENT

TEMIL EOOD 1,034,000 1,034,000

PREOS EOOD 895,000 895,000

BREZENT D END D EOOD 868,000 868,000

INSTALLATION OF INDUSTRIAL MACHINERY AND EQUIPMENT

KONSORTSIUM KAPSH TRAFIK

SOLYUSHANS DZZD

44,247,000 44,247,000

MAGNUM 7 OOD 22,130,000 18,094,000

SYSTEMS AUTOMATION TECHNOLOGIS

/SAT/ EOOD

17,693,000 17,565,000

REPAIR OF FABRICATED METAL PRODUCTS

ENERGOREMONT KOZLODUY EOOD 7,135,000 7,114,000

ENERGOREMONT - BOBOV DOL EAD 5,324,000 2,826,000

3 SeeNews Industry Report

CONTROL OOD 1,219,000 1,209,000

REPAIR OF ELECTRONIC AND OPTICAL EQUIPMENT

PENTAX MEDICAL BULGARIA EOOD 46,361,000 46,284,000

ENSI CONTROL EOOD 11,465,000 11,349,000

DANLEX EOOD 5,880,000 5,400,000

REPAIR OF MACHINERY

DIETSMANNENERGOREMONT HOLDING

AD

80,857,000 78,561,000

ATOMENERGOREMONT AD 48,950,000 46,644,000

VESTAS BULGARIA EOOD 19,675,000 19,002,000

REPAIR AND MAINTENANCE OF SHIPS AND BOATS

ODESSOS SHIPREPAIR YARD AD 34,648,000 33,898,000

BULYARD SHIPBUILDING INDUSTRY AD 18,226,000 17,806,000

ALPIN 5 EOOD 17,296,000 17,264,000

REPAIR OF ELECTRICAL EQUIPMENT

TSENTRALNA ENERGOREMONTNA BAZA

EAD

13,742,000 12,049,000

T&D ENGINEERING EOOD 9,059,000 9,055,000

SOLARPRO AD 2,846,000 2,691,000

REPAIR AND MAINTENANCE OF OTHER TRANSPORT EQUIPMENT

RAILWAY - TRACTION EOOD 1,884,000 1,879,000

KRISTIAN 2008 EOOD 499,000 499,000

M & M AUTO REPAIR EOOD 314,000 314,000

REPAIR AND MAINTENANCE OF AIRCRAFT AND SPACECRAFT

LUFTHANSA TECHNIK SOFIA OOD 146,964,000 146,605,000

AVIONAMS AD 38,619,000 34,856,000

AERO TECHNIC BG OOD 12,462,000 12,372,000

The top 10 companies in terms of total revenue in Repair and

installation of machinery and equipment accounted for

36.54% of the industry's total in 2018, 34.74% in 2017 and

34.53% in 2016.

TOP 10 COMPANIES BY TOTAL AND NET SALES REVENUE IN THE

INDUSTRY

RANK COMPANY TOTAL REVENUE

(BGN)

NET SALE

REVENUE (BGN)

1 LUFTHANSA TECHNIK SOFIA OOD 146,964,000 146,605,000

2 DIETSMANNENERGOREMONT HOLDING

AD

80,857,000 78,561,000

3 ATOMENERGOREMONT AD 48,950,000 46,644,000

4 PENTAX MEDICAL BULGARIA EOOD 46,361,000 46,284,000

5 KONSORTSIUM KAPSH TRAFIK

SOLYUSHANS DZZD

44,247,000 44,247,000

6 AVIONAMS AD 38,619,000 34,856,000

7 ODESSOS SHIPREPAIR YARD AD 34,648,000 33,898,000

8 MAGNUM 7 OOD 22,130,000 18,094,000

9 VESTAS BULGARIA EOOD 19,675,000 19,002,000

10 IPO OOD 18,333,000 17,760,000

The total revenues of the top 10 companies in the Repair and

installation of machinery and equipment were 0.51% of GDP

in 2018, compared to 0.42% for 2017 and 0.39% in 2016.

The top 10 by assets in the Repair and installation of

machinery and equipment field made up BGN 485,663,000,

or 36.94% of the total net sales revenue.

TOP 10 BY TOTAL ASSETS IN THE INDUSTRY

RANK COMPANY BGN

1 ATOMENERGOREMONT AD 129,515,000

2 BULYARD SHIPBUILDING INDUSTRY AD 92,982,000

3 LUFTHANSA TECHNIK SOFIA OOD 92,533,000

4 DIETSMANNENERGOREMONT HOLDING AD 81,532,000

5 ODESSOS SHIPREPAIR YARD AD 69,866,000

6 KONSORTSIUM KAPSH TRAFIK SOLYUSHANS DZZD 50,723,000

7 VESTAS BULGARIA EOOD 36,800,000

8 IPO OOD 35,486,000

9 AVIONAMS AD 33,748,000

10 PENTAX MEDICAL BULGARIA EOOD 25,007,000

TOP 10 COMPANIES WITH HIGHEST ANNUAL GROWTH IN

OPERATING REVENUE IN REPAIR AND INSTALLATION OF

MACHINERY AND EQUIPMENT

RANK COMPANY Y/Y GROWTH

1 IMSA LIMITID - KLON BULGARIA KCHT 13633.33%

2 GWASH OOD 9900.00%

3 G & S SERVICE EOOD 7500.00%

4 DURYAS MG EOOD 6610.00%

5 GAL -IV EOOD 6528.57%

6 BULGARIAN TEAM MARINE TECHNICIANS EOOD 4693.10%

7 ELECTROREMONT DEVNJA OOD 4000.00%

8 ICEGUARD INDUSTRY EOOD 3233.33%

9 V&A INDUSTRY EOOD 3200.00%

10 EII CORPORATION OOD 3031.25%

TOP 10 COMPANIES BY TOTAL REVENUE IN THE FIELD REPAIR OF

OTHER EQUIPMENT WERE:

COMPANY BGN

TEMIL EOOD 1,034,000

PREOS EOOD 895,000

BREZENT D END D EOOD 868,000

ENDOREP EOOD 598,000

NELI KARAPACHOVA KIRCHEVA ET 255,000

KRIPS 78 EOOD 240,000

GUMI - GRUP EOOD 166,000

FINN COATING SYSTEMS OOD 161,000

GARANT BULGARIA 09 EOOD 148,000

REBUILDERS FACTORY OOD 143,000

The 10 largest companies in terms of total revenue in sector

Repair of other equipment earned total revenue of BGN

4,508,000 and accounted for 0.33% of the industry's total

revenue.

TOP 10 COMPANIES BY TOTAL REVENUE IN THE FIELD

INSTALLATION OF INDUSTRIAL MACHINERY AND EQUIPMENT

WERE:

COMPANY BGN

KONSORTSIUM KAPSH TRAFIK SOLYUSHANS DZZD 44,247,000

MAGNUM 7 OOD 22,130,000

SYSTEMS AUTOMATION TECHNOLOGIS /SAT/ EOOD 17,693,000

ENTERPRISE COMMUNICATIONS GROUP OOD 15,008,000

KOSHIN EOOD 10,443,000

ALGINA EOOD 7,714,000

ADEN GROUP OOD 4,973,000

VIVEKS STROI EOOD 4,732,000

HOFMANN CONSULT BULGARIA EOOD 4,407,000

HI ENGINEERING OOD 4,097,000

4 SeeNews Industry Report

The 10 largest companies in terms of total revenue in sector

Installation of industrial machinery and equipment earned

total revenue of BGN 135,444,000 and accounted for 9.88%

of the industry's total revenue.

TOP 10 COMPANIES BY TOTAL REVENUE IN THE MARKET REPAIR

OF FABRICATED METAL PRODUCTS WERE:

COMPANY BGN

ENERGOREMONT KOZLODUY EOOD 7,135,000

ENERGOREMONT - BOBOV DOL EAD 5,324,000

CONTROL OOD 1,219,000

KOTLOREMONT EOOD 1,081,000

KBB EOOD 966,000

BORIANI - 08 EOOD 841,000

MONTAZH INZHENERING EOOD 826,000

PROMISHLENA ENERGETIKA-VT AD 758,000

SIPGER M EOOD 702,000

KONTINENTALIK OOD 566,000

The 10 largest companies in terms of total revenue in sector

Repair of fabricated metal products earned total revenue of

BGN 19,418,000 and accounted for 1.42% of the industry's

total revenue.

TOP 10 COMPANIES BY TOTAL REVENUE IN THE SECTOR REPAIR

OF ELECTRONIC AND OPTICAL EQUIPMENT WERE:

COMPANY BGN

PENTAX MEDICAL BULGARIA EOOD 46,361,000

ENSI CONTROL EOOD 11,465,000

DANLEX EOOD 5,880,000

PALMED AD 635,000

COOL TECH EOOD 422,000

ALEKSANDAR MEDIKA EOOD 416,000

KLUBVERBAND - ITA OOD 416,000

HIDROGRUP DZZD 403,000

CHEM AS ENGINEERING OOD 377,000

HIDROKONTROL 1 OOD 336,000

The 10 largest companies in terms of total revenue in sector

Repair of electronic and optical equipment earned total

revenue of BGN 66,711,000 and accounted for 4.87% of the

industry's total revenue.

TOP 10 COMPANIES BY TOTAL REVENUE IN THE INDUSTRY REPAIR

OF MACHINERY WERE:

COMPANY BGN

DIETSMANNENERGOREMONT HOLDING AD 80,857,000

ATOMENERGOREMONT AD 48,950,000

VESTAS BULGARIA EOOD 19,675,000

IPO OOD 18,333,000

SIGMA IS AD 15,300,000

KRONES SERVICE EUROPE EOOD 10,661,000

TEHNOZONE OOD 9,202,000

COMPLEX INDUSTRIAL SERVICE EOOD 8,600,000

RIMAKEM EOOD 8,476,000

PETCO PETCOV - 24 D EOOD 6,927,000

The 10 largest companies in terms of total revenue in sector

Repair of machinery earned total revenue of BGN

226,981,000 and accounted for 16.56% of the industry's total

revenue.

TOP 10 COMPANIES BY TOTAL REVENUE IN THE FIELD REPAIR AND

MAINTENANCE OF SHIPS AND BOATS WERE:

COMPANY BGN

ODESSOS SHIPREPAIR YARD AD 34,648,000

BULYARD SHIPBUILDING INDUSTRY AD 18,226,000

ALPIN 5 EOOD 17,296,000

TEREM -KRZ FLOTSKI ARSENAL - VARNA EOOD 15,307,000

HELLENIKA OOD 14,162,000

NORTAN MARIN EOOD 11,654,000

NYU PRODZHEKT OOD 8,957,000

VIKIVAN EOOD 8,477,000

MAIAK-K OOD 7,161,000

PLAM GEORGIEV I SADRUZHIE SD 6,441,000

The 10 largest companies in terms of total revenue in sector

Repair and maintenance of ships and boats earned total

revenue of BGN 142,329,000 and accounted for 10.38% of

the industry's total revenue.

TOP 10 COMPANIES BY TOTAL REVENUE IN THE SECTOR REPAIR

OF ELECTRICAL EQUIPMENT WERE:

COMPANY BGN

TSENTRALNA ENERGOREMONTNA BAZA EAD 13,742,000

T&D ENGINEERING EOOD 9,059,000

SOLARPRO AD 2,846,000

SKY SOLAR BULGARIA CO EOOD 2,107,000

SOLAR INVEST TREYDING EOOD 1,837,000

ABC WIND FARM OOD 1,661,000

GREEN POWER BG EOOD 1,576,000

ITALMODALUCE FACILITY OOD 1,428,000

S VEDI OOD 1,365,000

OPERATION MANAGEMENT SERVICES OOD 1,251,000

The 10 largest companies in terms of total revenue in sector

Repair of electrical equipment earned total revenue of BGN

36,872,000 and accounted for 2.69% of the industry's total

revenue.

TOP 10 COMPANIES BY TOTAL REVENUE IN THE SECTOR REPAIR

AND MAINTENANCE OF OTHER TRANSPORT EQUIPMENT WERE:

COMPANY BGN

RAILWAY - TRACTION EOOD 1,884,000

KRISTIAN 2008 EOOD 499,000

M & M AUTO REPAIR EOOD 314,000

BDG-KONCHAR AD 257,000

SEP CONSULT EOOD 250,000

MERIDIAN 999 EOOD 232,000

AVTO TOTSI EOOD 206,000

MISSO.LTD EOOD 202,000

MOTOROUD EOOD 195,000

TRUCKS ENGINEERING EOOD 184,000

The 10 largest companies in terms of total revenue in sector

Repair and maintenance of other transport equipment earned

total revenue of BGN 4,223,000 and accounted for 0.31% of

the industry's total revenue.

5 SeeNews Industry Report

TOP 10 COMPANIES BY TOTAL REVENUE IN THE FIELD REPAIR AND

MAINTENANCE OF AIRCRAFT AND SPACECRAFT WERE:

COMPANY BGN

LUFTHANSA TECHNIK SOFIA OOD 146,964,000

AVIONAMS AD 38,619,000

AERO TECHNIC BG OOD 12,462,000

TEREM-LETETZ EOOD 4,410,000

ELEKTRA TRANS GLOBUL OOD 2,416,000

PLANE ASSISTANCE EOOD 2,111,000

TEOKOM 2001 EOOD 1,618,000

K.A.N. UNLIMITED EOOD 760,000

PLANE CARE SOLUTIONS AD 437,000

APS AVIATION PAINTING SOLUTIONS EOOD 434,000

The 10 largest companies in terms of total revenue in sector

Repair and maintenance of aircraft and spacecraft earned

total revenue of BGN 210,231,000 and accounted for 15.34%

of the industry's total revenue.

IV. EXPENSES

The combined costs of the companies in the Repair and

installation of machinery and equipment industry reached

BGN 1,217,115,000 in 2018.

0

130,000,000

260,000,000

390,000,000

520,000,000

650,000,000

780,000,000

910,000,000

1,040,000,000

1,170,000,000

1,300,000,000

2016 2017 2018

BG

N

973,634,000

976,466,000

1,217,115,000

952,864,000

959,296,000

1,197,257,000

Total Expenses

Operational expenses

In annual terms, total expenses rose by 24.64% compared to

2017 and grew by 25.01% in comparison to 2016.

The total operating expenses of the companies in the Repair

and installation of machinery and equipment industry were

BGN 1,197,257,000 in 2018.

Operating costs rose by 24.81% compared with the previous

year and increased by 25.65% when compared to 2016.

We expect, based on the trend in the last three years, the total

costs of the Repair and installation of machinery and

equipment industry to change at a compound annual growth

rate (CAGR) of 11.81% in 2019.

TOTAL COSTS BY SECTORS

RANK SECTOR TOTAL COSTS

(BGN)

1 REPAIR OF MACHINERY 409,592,000

2 INSTALLATION OF INDUSTRIAL MACHINERY AND

EQUIPMENT

232,242,000

3 REPAIR AND MAINTENANCE OF SHIPS AND BOATS 223,559,000

4 REPAIR AND MAINTENANCE OF AIRCRAFT AND

SPACECRAFT

198,135,000

5 REPAIR OF ELECTRONIC AND OPTICAL EQUIPMENT 57,300,000

6 REPAIR OF ELECTRICAL EQUIPMENT 51,010,000

7 REPAIR OF FABRICATED METAL PRODUCTS 27,168,000

8 REPAIR AND MAINTENANCE OF OTHER TRANSPORT

EQUIPMENT

10,360,000

9 REPAIR OF OTHER EQUIPMENT 7,749,000

INDUSTRY'S TOTAL COSTS STRUCTURE BY SECTORS

33.65%

18.37%

19.08%

16.28%

7.91%

4.71%

Repair of machinery

Installation of industrial machinery and equipment

Repair and maintenance of ships and boats

Repair and maintenance of aircraft and spacecraft

Repair of electronic and optical equipment

Others

Installation of industrial machinery and equipment marked the

highest annual rise in total expenses, of 54.60%, while total

expenses decreased the most, by 8.78%, for Repair of other

equipment.

In terms of operating expenses, the highest growth, of

54.63%, was recorded by the Installation of industrial

machinery and equipment sector. The sharpest decline was

posted by Repair of other equipment - 8.97%.

The biggest spenders in the industry, with costs of over 10%

of industry's costs, numbered 15, including TEREM -KRZ

FLOTSKI ARSENAL - VARNA EOOD, ENTERPRISE

COMMUNICATIONS GROUP OOD, AVIONAMS AD, ODESSOS

SHIPREPAIR YARD AD, DIETSMANNENERGOREMONT

HOLDING AD. The medium spenders, or those in the 5% and

10% range count 15 and include NORTAN MARIN EOOD,

RIMAKEM EOOD, TSENTRALNA ENERGOREMONTNA BAZA

EAD, NYU PRODZHEKT OOD, T&D ENGINEERING EOOD.

Below 5% threshhold are 2,647 companies, including ELTRON

SERVICE EOOD, IZOTECH SERVICE EOOD, METEOR AK

EOOD, ET VLADI - LYUBOMIR VESELINOV, HERMES CLIMA

6 SeeNews Industry Report

EOOD.

Employment expenses in the Repair and installation of

machinery and equipment industry went up by 11.61% on the

year to BGN 345,352,000 in 2018.

0

35,000,000

70,000,000

105,000,000

140,000,000

175,000,000

210,000,000

245,000,000

280,000,000

315,000,000

350,000,000

2016 2017 2018

BG

N

283,817,000

309,431,000

345,352,000

240,534,000

263,981,000

294,871,000

43,063,000

45,282,000

49,797,000

Employment expenses

Salaries expenses

Social security expenses

The highest growth in labour costs, of 40.19%, was registered

by Repair and maintenance of other transport equipment,

while Repair of electrical equipment marked the sharpest fall,

of 6.53%.

The monthly costs per employee in the Repair and installation

of machinery and equipment industry averaged BGN 1,927 in

2018, BGN 1,720 in 2017 and BGN 1,499 in 2016.

The monthly social security costs per employee in the

industry averaged BGN 278 in 2018, versus BGN 252 in 2017

and BGN 227 in 2016.

EMPLOYMENT EXPENSES IN REPAIR AND INSTALLATION OF

MACHINERY AND EQUIPMENT BY SECTORS IN 2018

RANK SECTOR EMPLOYMENT

EXPENSES (BGN)

AVERAGE

EXPENSES PER

EMPLOYEE

(BGN)

1 REPAIR OF MACHINERY 120,120,000 20,017

2 REPAIR AND MAINTENANCE OF SHIPS AND

BOATS

78,552,000 22,982

3 REPAIR AND MAINTENANCE OF AIRCRAFT

AND SPACECRAFT

65,700,000 37,287

4 INSTALLATION OF INDUSTRIAL MACHINERY

AND EQUIPMENT

39,461,000 22,219

5 REPAIR OF ELECTRONIC AND OPTICAL

EQUIPMENT

14,543,000 30,172

6 REPAIR OF ELECTRICAL EQUIPMENT 12,511,000 23,083

7 REPAIR OF FABRICATED METAL PRODUCTS 10,335,000 17,788

8 REPAIR AND MAINTENANCE OF OTHER

TRANSPORT EQUIPMENT

2,271,000 10,763

9 REPAIR OF OTHER EQUIPMENT 1,859,000 11,619

THE TOP 10 COMPANIES BY AVERAGE MONTHLY COSTS PER

EMPLOYEE IN THE INDUSTRY

RANK COMPANY BGN

1 TSENTRALNA ENERGOREMONTNA BAZA EAD 53,278

2 SPB AUTOMATION EOOD 18,583

3 DANLEX EOOD 14,144

4 ULTRAMARINE EOOD 12,146

5 ENERGOREMONT - BOBOV DOL EAD 9,950

6 VISITSHIP OOD 9,583

7 NBN MARINE EOOD 7,701

8 LIFTKOM SERVICE EOOD 7,463

9 MAN ENERGY SOLUTIONS BULGARIA EOOD 7,194

10 POPRAVAK BRODSKIH MOTORA EOOD 6,167

The industry's tax expenses stood at BGN 18,637,000 in 2018.

In 2017 it paid taxes of BGN 17,725,000. In 2016 the industry

paid BGN 13,212,000 in taxes.

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2016 2017 2018

BG

N

5,060

6,752

6,961

Average taxes expenses by company

EXPENSES ON TAXES BY SECTORS

RANK SECTOR BGN Y/Y CHANGE

1 REPAIR OF MACHINERY 6,740,000 11.11%

2 REPAIR AND MAINTENANCE OF SHIPS AND

BOATS

4,980,000 -12.60%

3 INSTALLATION OF INDUSTRIAL MACHINERY

AND EQUIPMENT

1,953,000 24.63%

4 REPAIR OF ELECTRONIC AND OPTICAL

EQUIPMENT

1,823,000 46.66%

5 REPAIR AND MAINTENANCE OF AIRCRAFT AND

SPACECRAFT

1,717,000 42.73%

6 REPAIR OF ELECTRICAL EQUIPMENT 612,000 -27.92%

7 REPAIR OF FABRICATED METAL PRODUCTS 441,000 -32.88%

8 REPAIR AND MAINTENANCE OF OTHER

TRANSPORT EQUIPMENT

223,000 -7.47%

9 REPAIR OF OTHER EQUIPMENT 148,000 -26.37%

V. PROFITABILITY

The industry's net profit amounted to BGN 134,831,000 in

2018, compared to a net profit of BGN 153,954,000 in 2017

7 SeeNews Industry Report

and a net profit of BGN 73,366,000 in 2016.

0

15,000,000

30,000,000

45,000,000

60,000,000

75,000,000

90,000,000

105,000,000

120,000,000

135,000,000

150,000,000

165,000,000

180,000,000

2016 2017 2018

BG

N

73,366,000

153,954,000

134,831,000

86,578,000

171,679,000

153,468,000

Net profit/loss

Operating profit/loss

TOP 10 COMPANIES BY HIGHEST NET PROFIT IN REPAIR AND

INSTALLATION OF MACHINERY AND EQUIPMENT

RANK COMPANY BGN

1 ATOMENERGOREMONT AD 16,818,000

2 PENTAX MEDICAL BULGARIA EOOD 12,630,000

3 LUFTHANSA TECHNIK SOFIA OOD 6,642,000

4 VIKIVAN EOOD 6,220,000

5 AVIONAMS AD 3,562,000

6 ALPIN 5 EOOD 3,426,000

7 HELLENIKA OOD 2,712,000

8 AERO TECHNIC BG OOD 2,499,000

9 PERLA 2 EOOD 1,916,000

10 KONSORTSIUM KAPSH TRAFIK SOLYUSHANS DZZD 1,728,000

TOP COMPANIES BY HIGHEST NET LOSS IN REPAIR AND

INSTALLATION OF MACHINERY AND EQUIPMENT

RANK COMPANY BGN

1 DIETSMANNENERGOREMONT HOLDING AD 14,335,000

2 ENERGOREMONT KOZLODUY EOOD 3,727,000

3 TEREM -KRZ FLOTSKI ARSENAL - VARNA EOOD 1,840,000

4 KLON NA PUBLICHNO AKTSIONERNO DRUZHESTVO

SILOVI MASHINI - ZTL, LMZ, ELEKTROSILA,

ENERGOMASHEKSPORT V REPUBLIKA BULGARIA KCHT

1,515,000

5 TEREM-LETETZ EOOD 869,000

The combined operating earnings of the companies in the

Repair and installation of machinery and equipment industry

decreased by 10.61% y/y to BGN 153,468,000 in 2018.

OPERATING PROFIT/LOSS BY SECTORS (BGN)

SECTOR 2018 2017 2016

REPAIR AND MAINTENANCE OF SHIPS AND

BOATS

47,254,000 54,061,000 -2,143,000

REPAIR OF MACHINERY 45,862,000 62,433,000 47,964,000

REPAIR OF ELECTRONIC AND OPTICAL

EQUIPMENT

17,800,000 12,439,000 5,890,000

INSTALLATION OF INDUSTRIAL MACHINERY

AND EQUIPMENT

17,236,000 14,581,000 15,417,000

REPAIR AND MAINTENANCE OF AIRCRAFT

AND SPACECRAFT

15,563,000 10,154,000 4,460,000

REPAIR OF ELECTRICAL EQUIPMENT 7,530,000 8,058,000 9,572,000

REPAIR AND MAINTENANCE OF OTHER

TRANSPORT EQUIPMENT

1,917,000 2,350,000 2,219,000

REPAIR OF OTHER EQUIPMENT 1,457,000 2,005,000 2,050,000

REPAIR OF FABRICATED METAL PRODUCTS -1,151,000 5,598,000 1,149,000

The profit margin for the Repair and installation of machinery

and equipment industry stood at 11.29% in 2018, while in 2017

it amounted to 15.09% and 8.23% in 2016.

PROFIT MARGIN BY SECTORS

RANK SECTOR PROFIT

MARGIN

1 REPAIR OF ELECTRONIC AND OPTICAL EQUIPMENT 23.79%

2 REPAIR AND MAINTENANCE OF SHIPS AND BOATS 17.58%

3 REPAIR OF OTHER EQUIPMENT 15.83%

4 REPAIR AND MAINTENANCE OF OTHER TRANSPORT

EQUIPMENT

15.62%

5 REPAIR OF ELECTRICAL EQUIPMENT 13.13%

6 REPAIR OF MACHINERY 10.18%

7 REPAIR AND MAINTENANCE OF AIRCRAFT AND

SPACECRAFT

7.35%

8 INSTALLATION OF INDUSTRIAL MACHINERY AND

EQUIPMENT

6.92%

9 REPAIR OF FABRICATED METAL PRODUCTS -4.46%

The Repair and installation of machinery and equipment

industry's return on equity (ROE) is 16.94% compared to

17.92% in 2017 and 8.77% in 2016.

The Repair and installation of machinery and equipment's

return on assets (ROA) was 9.31%, while in 2017 it amounted

to 11.06% and 5.07% in 2016.

0

1.5

3

4.5

6

7.5

9

10.5

12

13.5

15

16.5

18

2016 2017 2018

8.77%

17.92%

16.94%

5.07%

11.06%

9.31%

ROE

ROA

8 SeeNews Industry Report

LEADING INDUSTRY'S SECTORS BY ROA

0

2.5

5

7.5

10

12.5

15

17.5

20

22.5

25

27.5

30

Repair of electronic

and optical

equipment

Repair and

maintenance of other

transport equipment

Repair of other

equipment

29.59

14.45

13.04

LEADING INDUSTRY'S SECTORS BY ROE

0

3.5

7

10.5

14

17.5

21

24.5

28

31.5

35

38.5

42

Repair of electronic

and optical

equipment

Repair and

maintenance of other

transport equipment

Repair and

maintenance of

aircraft and

spacecraft

41.14

33.43

26.49

TOP 10 COMPANIES BY HIGHEST AVERAGE NET PROFIT PER

EMPLOYEE IN REPAIR AND INSTALLATION OF MACHINERY AND

EQUIPMENT

RANK COMPANY BGN COMPANY HEA

DQUARTERS

(CITY)

1 SLAVOV CASTING - SERVICE AND

TECHNOLOGY EOOD

1,727,000 SHUMEN

2 TPK TEXIM -90 KOOP. 396,000 PLOVDIV

3 STROI RITEIL EOOD 376,000 VARNA

4 K.A.N. UNLIMITED EOOD 339,000 SOFIA

5 RISOV MACHINERY EOOD 280,000 SOFIA

6 VIKIVAN EOOD 230,370 SMOLYAN

7 TURBO BUL OOD 212,000 VARNA

8 MARITINE SERVISES EOOD 191,500 ZLATOGRA

D

9 PRO GLASS SERVICE EOOD 171,000 SOFIA

10 VISITSHIP OOD 163,000 VARNA

About 30.00% of the 10 leading companies in terms of net

profit per employee are located in SOFIA, while 30.00% are

VARNA-based and 10.00% are headquartered in SHUMEN.

The average net sales revenue per employee in the Repair and

installation of machinery and equipment industry amounted

to BGN 88,032 in 2018, up by 24.92% compared to 2017 and

up by 38.47% compared to 2016.

The industry's average operating revenue per employee rose

by 19.95% year-on-year in 2018 to BGN 91,031. It grew by

36.65% compared to 2016.

The Repair and installation of machinery and equipment

market generated an average BGN 91,782 in total revenue per

employee. In 2017 and 2016 the figure was BGN 76,589 and

BGN 67,174, respectively.

The average total revenue per company in the Repair and

installation of machinery and equipment industry went up to

BGN 511,985 in 2018 from BGN 437,389 in 2017. The 2016

value was BGN 406,056.

A company in the Repair and installation of machinery and

equipment market made on average a net sales revenue of

BGN 491,068 in 2018, compared to BGN 402,462 in 2017 and

BGN 384,311 in 2016.

The Repair and installation of machinery and equipment

industry made 0.45% of the overall sales country-wide,

increasing its market share by 0.06 pp.

Operating profit per employee for the industry as a whole was

BGN 10,277 in 2018. For comparison in 2017 it amounted to

BGN 11,452 and BGN 11,452 in 2016.

THE TOP BY OPERATIONAL PROFIT PER EMPLOYEE IN REPAIR AND

INSTALLATION OF MACHINERY AND EQUIPMENT

RANK COMPANY BGN

1 SLAVOV CASTING - SERVICE AND TECHNOLOGY EOOD 1,919,000

2 TPK TEXIM -90 KOOP. 396,000

3 K.A.N. UNLIMITED EOOD 377,000

4 STROI RITEIL EOOD 376,000

5 RISOV MACHINERY EOOD 280,000

TOP 10 COMPANIES WITH HIGHEST CORRELATION OPERATING

REVENUE - NUMBER OF EMPLOYEES - EMPLOYMENT EXPENSES*

RANK COMPANY NAME CORRELATION

(BGN)

1 SLAVOV CASTING - SERVICE AND TECHNOLOGY EOOD 3,972,000

2 TSENTRALNA ENERGOREMONTNA BAZA EAD 3,940,000

3 RISOV MACHINERY EOOD 2,266,000

4 GENERAL ELECTRIC INTERNATIONAL - BRANCH BULGARIA 1,517,000

5 MAN ENERGY SOLUTIONS BULGARIA EOOD 1,296,333

6 ALFORI OOD 987,667

7 K.A.N. UNLIMITED EOOD 731,000

8 SVEMAR AGRO OOD 717,500

9 INOX SOLUTION OOD 642,500

10 YACHT ENGINEERING BG EOOD 556,750

*The correlation is calculated by subtracting the quotient of the operating profit, and

the employment expenses to the number of employees.

AVERAGE REVENUES PER EMPLOYEE IN REPAIR AND

INSTALLATION OF MACHINERY AND EQUIPMENT IN 2018

SECTOR AVERAGE NET

SALES

REVENUE

(BGN)

AVERAGE

OPERATING

REVENUE

(BGN)

AVERAGE

TOTAL

REVENUE

(BGN)

NUMBER OF

EMPLOYEES

REPAIR OF OTHER EQUIPMENT 56,681 57,538 57,538 160

INSTALLATION OF INDUSTRIAL

MACHINERY AND EQUIPMENT

133,753 140,243 140,472 1,776

REPAIR OF FABRICATED METAL

PRODUCTS

39,417 44,387 44,780 581

REPAIR OF ELECTRONIC AND

OPTICAL EQUIPMENT

153,075 155,259 155,809 482

9 SeeNews Industry Report

REPAIR OF MACHINERY 72,785 75,043 75,896 6,001

REPAIR AND MAINTENANCE OF

SHIPS AND BOATS

76,740 78,622 79,231 3,418

REPAIR OF ELECTRICAL

EQUIPMENT

95,751 105,808 108,007 542

REPAIR AND MAINTENANCE OF

OTHER TRANSPORT EQUIPMENT

55,455 58,171 58,185 211

REPAIR AND MAINTENANCE OF

AIRCRAFT AND SPACECRAFT

118,394 120,191 121,282 1,762

AVERAGE REVENUE PER COMPANY IN REPAIR AND INSTALLATION

OF MACHINERY AND EQUIPMENT IN 2018

SECTOR AVERAGE NET

SALES

REVENUE

(BGN)

AVERAGE

OPERATING

REVENUE

(BGN)

AVERAGE

TOTAL

REVENUE

(BGN)

NUMBER OF

COMPANIES

REPAIR AND MAINTENANCE OF

AIRCRAFT AND SPACECRAFT

4,851,419 4,925,047 4,969,721 43

REPAIR AND MAINTENANCE OF

SHIPS AND BOATS

1,237,259 1,267,594 1,277,420 212

INSTALLATION OF INDUSTRIAL

MACHINERY AND EQUIPMENT

715,497 750,214 751,440 332

REPAIR OF ELECTRONIC AND

OPTICAL EQUIPMENT

392,457 398,059 399,468 188

REPAIR OF MACHINERY 380,474 392,277 396,737 1,148

REPAIR OF ELECTRICAL

EQUIPMENT

232,722 257,166 262,511 223

REPAIR OF FABRICATED METAL

PRODUCTS

189,264 213,132 215,017 121

REPAIR OF OTHER EQUIPMENT 61,694 62,626 62,626 147

REPAIR AND MAINTENANCE OF

OTHER TRANSPORT EQUIPMENT

44,490 46,669 46,681 263

The total indebtedness of the companies in the Repair and

installation of machinery and equipment industry was BGN

606,307,000 versus BGN 493,913,000 a year ago. In 2016 the

industry's indebtedness totalled BGN 567,418,000.

INDUSTRY'S INDEBTEDNESS BY SECTORS (BGN)

SECTOR 2018 2017 2016

REPAIR OF MACHINERY 227,623,000 152,382,000 183,961,000

INSTALLATION OF INDUSTRIAL

MACHINERY AND EQUIPMENT

116,888,000 69,072,000 51,991,000

REPAIR AND MAINTENANCE OF AIRCRAFT

AND SPACECRAFT

93,265,000 93,484,000 77,107,000

REPAIR AND MAINTENANCE OF SHIPS

AND BOATS

92,874,000 83,862,000 165,261,000

REPAIR OF ELECTRICAL EQUIPMENT 36,918,000 37,980,000 28,595,000

REPAIR OF FABRICATED METAL

PRODUCTS

15,010,000 17,211,000 27,632,000

REPAIR OF ELECTRONIC AND OPTICAL

EQUIPMENT

12,839,000 22,945,000 11,374,000

REPAIR AND MAINTENANCE OF OTHER

TRANSPORT EQUIPMENT

6,649,000 13,853,000 17,760,000

REPAIR OF OTHER EQUIPMENT 4,241,000 3,124,000 3,737,000

Debt-to-assets ratio of the companies in the industry is 0.42

in 2018. It was 0.35 in 2017 and 0.39 in 2016.

VI. EMPLOYMENT

A total of 14,933 people were employed in the Repair and

installation of machinery and equipment field at the end of

2018, compared to 14,991 in 2017 and 15,783 in 2016.

NUMBER OF EMPLOYEES BY INDUSTRY SECTORS

SECTOR NUMBER SHARE OF

INDUSTRY

TOTAL

REPAIR OF MACHINERY 6,001 40.19%

REPAIR AND MAINTENANCE OF SHIPS AND BOATS 3,418 22.89%

INSTALLATION OF INDUSTRIAL MACHINERY AND

EQUIPMENT

1,776 11.89%

REPAIR AND MAINTENANCE OF AIRCRAFT AND

SPACECRAFT

1,762 11.80%

REPAIR OF FABRICATED METAL PRODUCTS 581 3.89%

REPAIR OF ELECTRICAL EQUIPMENT 542 3.63%

REPAIR OF ELECTRONIC AND OPTICAL EQUIPMENT 482 3.23%

REPAIR AND MAINTENANCE OF OTHER TRANSPORT

EQUIPMENT

211 1.41%

REPAIR OF OTHER EQUIPMENT 160 1.07%

ALLOCATION OF EMPLOYEES BY INDUSTRY'S SECTORS

6,001

3,418

1,776

1,762

1,395

581

Repair of machinery

Repair and maintenance of ships and boats

Installation of industrial machinery and equipment

Repair and maintenance of aircraft and spacecraft

Repair of fabricated metal products

Others

The analysis on companies' sizes by the number of

employees, shows that 1278 firms have less than 50

employees*, 37 have between 50 and 250 employees* and 8

companies employ more than 250*.

* Companies without data in the number of employees at end of the year are not

taken into consideration.

10 SeeNews Industry Report

COMPANIES IN THE INDUSTRY BY SIZE IN TERMS OF NUMBER OF EMPLOYEES

100

200

300

400

500

600

700

800

900

1 000

1 100

1 200

1 300

Small Medium Big

1 278

37

8

The employees of the leading 10 companies in terms of

numbers make up 34.17% of the workforce in the industry in

2018.

TOP 10 COMPANIES BY SHARE IN INDUSTRY'S TOTAL NUMBER OF

EMPLOYEES

RANK COMPANY NUMBER OF

EMPLOYEES

SHARE

1 LUFTHANSA TECHNIK SOFIA OOD 1,072 7.18%

2 ATOMENERGOREMONT AD 858 5.75%

3 ODESSOS SHIPREPAIR YARD AD 706 4.73%

4 DIETSMANNENERGOREMONT HOLDING AD 655 4.39%

5 TEREM -KRZ FLOTSKI ARSENAL - VARNA EOOD 554 3.71%

6 AVIONAMS AD 304 2.04%

7 SIGMA IS AD 276 1.85%

8 ENERGOREMONT KOZLODUY EOOD 250 1.67%

9 RIMAKEM EOOD 246 1.65%

10 PETCO PETCOV - 24 D EOOD 182 1.22%

The Repair and installation of machinery and equipment

industry is the 35th largest employer in the country with

14,933 employees with the largest employer being Retail

trade, except of motor vehicles and motorcycles with 222,070

and Extraction of crude petroleum and natural gas at the

bottom with 28 employees.

The Repair and installation of machinery and equipment's

share in the country's total employment was 0.64% in 2018,

0.82% in 2017 and 0.82% in 2016.

We expect, based on the trend in the last three years, the

number of employees of the Repair and installation of

machinery and equipment industry to change at a compound

annual growth rate (CAGR) of -2.73% in 2019.

11 SeeNews Industry Report

The industry is represented by the

following companies

ELTRON SERVICE EOOD

IZOTECH SERVICE EOOD

METEOR AK EOOD

ET VLADI - LYUBOMIR VESELINOV

HERMES CLIMA EOOD

VENTSI STRATEV EOOD

GRAM STOYCHO PETROV ET

OPTRON GLOBAL SERVICES EOOD

OBSEG EOOD

TIREX AP EOOD

ESK OOD

FLASHELEKTRIK EOOD

KOMTEH-STABIL EOOD

MRD 2015 EOOD

RADKOM 2004 EOOD

STAMBATA - XC EOOD

AMADINA STOYAN VASILEV ET

AP MARINE ELETRICAL SYSTEM EOOD

SIEL 78 SIMEON FILIPOV ET

1969 EOOD

ET PETAR STOIMENOV - FLEKS

SISTEMI ZA AVTOMATIZATSIA EOOD

MINNA AGENTSIA EOOD

TRUCKS ENGINEERING EOOD

DANI-82 OOD

T COM GROUP EOOD

VEZNA KR MINEV EOOD

MALINKA LYUBOMIROVA IVANOVA EOOD

REAL SERVIZ EOOD

IVETA 2015 EOOD

ICEBERG INTERNATIONAL EOOD

ET STRELETS - KIRIL RADEV

ALFORI OOD

ET ESI-TOTYO KANEV

ET VALAB - VALERIY VALCHEV

J - CONSULT EOOD

KAZAKOV 65 OOD

485 EOOD

D AND P AUTO OOD

TERMO MONTAJ 2011 EOOD

NORTAN MARIN EOOD

HIRUTEH-93 OOD

DPTEC EOOD

ILSI - LIFT OOD

DIACOM 7 EOOD

PEGAS UNION OOD

AUTO SHANS 78 EOOD

NITRON 52 NONYU NIKOLOV ET

SIPGER M EOOD

BOCHEV I DINEV OOD

D A R K -2002 EOOD

MAIAK-2-GEORGIEVA-SENICHKA GENCHEVA ET

DIMAST M EOOD

DEMA DASKALOV 2002 EOOD

MM HIDRAVLIK EOOD

RUMEDIT EOOD

ET B.B.DENT-S-PETAR STOYANOV

HIDROSISTEM EOOD

ELSTROI NEDELCHEV EOOD

HIDRAVLIKA EOOD

ET ANVENA - VELKO CHIVILIEV

KLIMAINS OOD

TERMO-PROFIL-GEORGI POPOV ET

GEMA SERVICE EOOD

GRANCHAROV - 87 EOOD

PROFESSIONELLE YACHT EOOD

PRO-TECH SERVI ES OOD

REKOVERI TEHNOLODZHI OOD

DI END DZHI FOREVAR EOOD

TSK GENADIEV EOOD

MANEV - MM EOOD

ER- VE GROUP EOOD

VITAPEN OOD

IZOTSERVIZ SHUMEN OOD

ELVA VASIL VASILEV ET

MULTI SERVICE GROUP EOOD

GAMA SPEKTAR 96 EOOD

ALEKSANDAR MEDIKA EOOD

LIFT - SERVIZ 08 OOD

IL DI 67 EOOD

V I M 65 OOD

BLACK SEA YACHT SERVICE OOD

BULLIFT TREYDING 1 EOOD

CARMOTION OOD

PLYWORLD EOOD

PASAT-M 07 EOOD

DANI LIFT EOOD

ET TRANSVERTIKAL - PAVLIN PELOV

MIM SERVIZ EOOD

ET IVAN STEVOV

KLON NA PUBLICHNO AKTSIONERNO

DRUZHESTVO SILOVI MASHINI - ZTL, LMZ,

ELEKTROSILA, ENERGOMASHEKSPORT V

REPUBLIKA BULGARIA KCHT

ISKAR SERVICE EOOD

SHKODROV EOOD

X EOOD

BEST OIL BULGARIA EOOD

ELMONT 1 EOOD

DI FOR ES OOD

B A PEYCHEV BLAGOY ALEKSANDROV PEYCHEV

ET

K.A.N. UNLIMITED EOOD

ET IVAN LANKOV

SOLAR KRESNA EOOD

KARMELO-VESELIN MANCHEV ET

GEOTEHSERVIZ EOOD

ET T I M - YORDAN IVANOV

KLIMATENGINEERING-21 AG AD

SKL SERVICE EOOD

AQUA PROM EOOD

BURGAS DIVERS EOOD

S-AKIS ELEKTRONIC ENGINEERING & SERVICE

EOOD

LM KLIMA EOOD

AVTO TOTSI EOOD

ABC WIND FARM OOD

BI ER EL OOD

NOVA TEMP EOOD

BETA TREYD 07 EOOD

ELPAK SPECIAL SERVICE EOOD

ET MITE - GEORGI ZDRAVKOV

ART LIFT EOOD

POWER ENGINEERING STARA ZAGORA OOD

PPMEO OOD

GALAXY MARINE EOOD

DIMEKS EOOD

BULREM EOOD

TEMIL EOOD

S T INNOVATORS EOOD

SIV 90 EOOD

ENERGOREMONT-ROMAN EOOD

TEHNOMARIN OOD

REQUEST OOD

B A PEYCHEV EOOD

PETROLIUM SERVIZ EOOD

VISTA GRUP EOOD

BULGARIA YACHTING 2017 OOD

KRANI 2009 OOD

NEOBLAST EOOD

MONTAJ SERVIZ K2 EOOD

EURO SHIPPING OOD

ZHIVKO KOLEV 2018 EOOD

KODINOVS OOD

NCL EQUS EOOD

BALANS 2000 EOOD

ELETEO EOOD

RIMAKEM EOOD

MENA FAYER OOD

BULRANG - VATEV I SIE OOD

TESA KARS EOOD

ET KALI - PETAR VASILEV

NIDAS SERVICE OOD

MRL ENGINEERING EOOD

ET SHAFER - VESELIN SHAFEROV

DZHAN-EST EOOD

UNISHIP EOOD

ET KOZME TEH-KONSTANTIN KOSTOV

CHEMIX BULGARIA SLTD EOOD

UNIPRIBOR EOOD

ET DIMINZHINERING - DIMITAR TONCHEV

PROFFI PAINT EOOD

SIMEKS-M EOOD

IRS KONSULT EOOD

REMETECH EOOD

ILIYAN NEDKOV ET

TRINEL OOD

DM TRADING 2010 EOOD

STROITELSTVO I REMONT AD

SAVI LIFT OOD

ET SALUS - TODOR TODOROV

HAYKOMTEH EOOD

LEONARD INTERNATIONAL SERVICE OOD

VILI 014 EOOD

ERMANG D OOD

FRIMA - 2 EOOD

GANCHO MIHOV ET

ATAMER EOOD

MULTIBLAST EAD

TECHNICAL SERVICES SUPPORT EOOD

ET HRISI - BONCHO DIMOV

EUROSERVISE-6987 EOOD

ALESDAS EOOD

TEDI - TODOR ANGELOV EOOD

VLADAYSKA PARTNERS OOD

MISSO.LTD EOOD

TEHNIKOSERVIZ EOOD

AM SISTEMS OOD

BIO REN ENERGY EOOD

PROFINANCE D EOOD

TURBO MARINE EOOD

ET EM-SA-RUFI MEHMED

TYURBAYNS SPEAR PARTS SARVISIZ PARTNARS

OOD

ET BENI KOMERS - VENTSISLAV BENOVSKI

SEVTOPOLIS SERVIZ EOOD

PERFECT ELECTRA OOD

NIDI KOMFORT EOOD

STANCHEV - KLIMA 2 EOOD

ROSITSA NIKOLOVA ET

ALTEH SERVIZ EOOD

RSC SOFIA EOOD

HYMAC INTERNATIONAL EOOD

VACHI CRAFT SERVICE EOOD

HIDROMA EOOD

KRANTEH INGENERING OOD

ET BIS - BORISLAV SIMEONOV

ET SIYAYA - BORISLAV MITOV

CHERGILANOV TM 2018 EOOD

ELCONSULT OOD

KVART - KRUM TURTANSKI ET

PREMIERE GROUP OOD

ELSYST ENGINEERING OOD

RENI LIFT 22 EOOD

ASN CLUB EOOD

PADI AVIATION EOOD

NIKOLINKA ILIEVA GALITSA ET

DURGA 2 EOOD

ANTONI EOOD

TEO ELEKTROMOTOR EOOD

RTEX EOOD

SATECH SOLUTIONS OOD

ATLAS ANTIKOROZIA EOOD

KITCHEN SERVICES EOOD

ET BUL-REM - DRAGAN GANCHEV

TE MA PA EOOD

EVROBOS EOOD

KV PROEKT EOOD

BUL ENG COM EOOD

OBEDINENIE TMO 2015 DZZD

PHOENICIA VERTICALI OOD

SEVIN AUTO EOOD

KASEL - 10 EOOD

ET ELTEH - AHMED EBAZEROV

BREZENT D END D EOOD

AVANGARDNA TARGOVIA I MULTISERVIZ ATM

AD

12 SeeNews Industry Report

GYOKAN - 93 EOOD

SAAN TECHNIEK EOOD

ET PANI - PARVAN ANDONOV

VENKAS EOOD

BEBETO 2015 EOOD

MITKO LIFT EOOD

IZOMATIK-KOMPLEKT OOD

IZOTSERVIZ BM EOOD

MERIDIAN 999 EOOD

DS KOSTADINOVI OOD

LAVA SERVIZ EOOD

UNI KOREKT 2012 EOOD

INTEGRAL A G EOOD

EASY TRAVELS EOOD

TSENTRALNA ENERGOREMONTNA BAZA EAD

ATARK EOOD

M-MONT EOOD

AUTOSERVICE OOD

DENIFRIGO EOOD

SVETLI-DIZEL 2011 EOOD

ASP PLYUS EOOD

SKLADOVA BAZA EZERORVO EOOD

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IKAR 2017 EOOD

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ET INTEREKSPRES - PAUNOV - BORIS PAUNOV

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TEXNOMED EOOD

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CORAL EXPERT EOOD

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INDUSTRIAL SERVICE OOD

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FRIGOFE OOD

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OMEGA INS EOOD

ARCAS - 97 OOD

MELIOR EXPERT LLC EOOD

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LIFTKOM SERVICE EOOD

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BULGARIA BIZNES TREYD EOOD

KOHTA 07 EOOD

LODKI NA MORE EOOD

MERGS EOOD

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AVISTA ELECTRIC OOD

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N AND K 2017 OOD

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ALMIK EOOD

SKYWAY TRADE OOD

CHROMS TECHNIQUES EOOD

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DENCHEV I SIN OOD

INDUSTRIAL COOPERATION EOOD

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TERIS EOOD

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DITAL ELECTRIC OOD

KLIMA BEST 2018 EOOD

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RADEVI KOREKT EOOD

BEGAKAR EOOD

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TEHNOLAB EOOD

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DENI 82 EOOD

BMT AVTO SERVIZ EOOD

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PRO SERVIZ EOOD

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RAMAR-TSANKO MARKOVSKI ET

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TEHNIKA KONSULT EOOD

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ASANSYORNI SERVIZI OOD

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KLIMA D EOOD

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GARAZH BROS EOOD

SOLAR VISION OOD

AVI SARVIZ EOOD

COOL SYSTEMS EOOD

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ET PETYO RUSENOV - 52

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AVTOSERVIZ LEON EOOD

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TEHNOKOM OOD

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ENTERPRISE COMMUNICATIONS GROUP OOD

ET RUSALENA - MIHAIL VALCHEV

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13 SeeNews Industry Report

MARITIME SERVICES EOOD

DIMOVI 94 ATANAS DIMOV ET

EUPORIAN TABACO SERVICES EOOD

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SIMAKS-OYL SERVIZ OOD

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LIFT AS MONTAZH EOOD

DI VI JL SERVICE EOOD

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ASANSIORI-STOIANOV I SIE OOD

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SO EOOD

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GLOBAL AIR SERVICE EOOD

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ALBUSTEEL EOOD

DZHI ES EM SERVIZ - DANI EOOD

ET EL IV GARANT - IVO SHOYLEKOV

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MEDIKAL IMEYDZHING SARVIZ OOD

MK SINHRON EOOD

MIL TEH 1 EOOD

ET TSAMAK - TONI MAKAVEEV

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ASM ZORNITSA ZHEKO STAYKOV ET

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KOREKT 88 EOOD

DENTAL MEDIKA 42-IVAN KOVACHEV EOOD

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O & M RENEWABLES EOOD

STROI RITEIL EOOD

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BIO BILE OOD

CONCEPT BOATS EOOD

FISKAL SERVIZ OOD

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PERFECT - FRIGOTECHNIC EOOD

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EVOLUTION GREEN ENERGY OOD

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LEO SERVIZ OOD

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VAL ENGINEERING BG EOOD

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ET MEDKOM - STOYAN KOCHEV

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SERVIZ PRO OOD

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MONOPOL GRUP SERVIZ EOOD

VENIKA KOM EOOD

PRESS EFFECT EOOD

TONISOFT EOOD

HIDRAVLON 1 EOOD

POLICORP EOOD

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REMIKA LIFT EOOD

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YACHT SERVICE EOOD

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GRAND OOD

VADIK EOOD

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KND -YACHT SERVICE OOD

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PROMISHLENI SISTEMI EOOD

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MEDITRON SERVIZ OOD

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NEDELCHEV SERVIZ OOD

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PSM SERVICE EOOD

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DZZD AMAZONKA

DIKO-ELEKTRONIC OOD

KAM ENGINEERING & SERVICE EOOD

TERMOKONSULT SERVIZ EOOD

KRIS SERWIZ EOOD

STROITELNO MONTAJNO PREDPRIATIE-SMP

EOOD

&APOS HYDRAULIC SYSTEMS&APOS EOOD

BM KOUTINGS EOOD

ARA EOOD

YORDAN TONOV 2016 EOOD

VMH 33 EOOD

ILRASH EOOD

GAZ SIST - 5 EOOD

ET VALERI 35 - VALERI IVANOV

TRIPOID EOOD

HELLENIKA OOD

ELEMEC INSTALLATIONS OOD

ELSYSTEM ENGINEERING EAD

ELEKT EOOD

MSE-SERVICE EOOD

ES DZHI EM 15 EOOD

INDUSTRIALAIR EOOD

ASPARK EOOD

APOLON 71 EOOD

SMT - GRUP EOOD

ELEVATORS BULGARIA EAD

DENTAL EOOD

KIROV-K EOOD

ET IVAYLO NIKIFORSKI

ET MERDZHO - VENELIN MERDZHANOV

EDI I ELI EOOD

IZGREV 80 OOD

ATANASOV - SOFIA EOOD

ET IMPULS - VALCHO GENSUZOV

ARIGATO OOD

TEHNOKONTROL 82 OOD

BULSCALA EOOD

ELEKTROTEHNIKA - 95 OOD

PERM SERVIZ EOOD

KAFEVAR SARVIZ EOOD

EL EVRO EOOD

MANEV-M OOD

NIKOLAS - TEHNO EOOD

TETA INGENERING EOOD

HYDRO SMART EOOD

SOLARKO EOOD

PETCO PETCOV - 24 D EOOD

JOKER KIT 2 EOOD

MIHAIL ZAXARIEV 2008 EOOD

IV MAG EOOD

ANKOR 90 EOOD

ET STEFAN TERZIEV

ET ANRAD - ANGEL RADEV

EL EY TEHNOLODZHI EOOD

SYSTEMS AUTOMATION TECHNOLOGIS /SAT/

EOOD

RETAIL INGENEERING OOD

POPRAVAK BRODSKIH MOTORA EOOD

IZH SERVICE EOOD

MAKSIM MAKSIM PENCHEV ET

SD ROIL-XS-SABEV I SIE

ROLIO EOOD

AGRO PARTS REMONT EOOD

SVETLINA T H EOOD

NIAS 73 EOOD

TANYO DOBREV 78 EOOD

BALENIS OOD

KONSTANTA M EOOD

VIMAX GEWERBEGEREATE EOOD

REMBUR OOD

FRONT GROUP EOOD

PRESIAN 05 EOOD

ET EDAN - NIKOLA NIKOLOV

KATSIS EOOD

REMONT INJENERING 2000 AD

PROIZVODSTVENA KOOPERATSIA BITOVA

TEHNIKA KOOP

PALI-2013 EOOD

M TRCK17 EOOD

S I S SERVIZ EOOD

ET ILSTOK - ILIYA KOEV

DOVLA 86 OOD

VAL SERVIZ 80 EOOD

TOCHEV MACHINES OOD

OPEN SEA YACHTS EOOD

JAKKE - TRA EOOD

RUMEDIT - R EOOD

AGROMETAL GROUP EOOD

GA - GA TRANSPORT OOD

TITAN LIFT EOOD

SENSO EOOD

AYS NORD EOOD

IZOTSERVIS OOD

V B M D OOD

TERMOLINO EOOD

KARI I EOOD

FRAM 3 OOD

IZOT ELEKTRONIKS EOOD

INSYSTEL EOOD

REMMASH

ET GODZHI - GEORGI MARINOV

ENERGOREMONT KOZLODUY EOOD

ASA EOOD

STESLA 1 EOOD

BULBIO EOOD

P - KRASI 99 EOOD

CLIMA TRADE ENGINEERING OOD

KOMFORT-KOLEV EOOD

ELEKTRON SERVIZ OOD

VENID - DARS YACHT SERVICE OOD

VENARK EOOD

LITZ EOOD

MNGTK EOOD

MILEN NIKOLOV - GARANTCOPY ET

VELEV LIFT EOOD

ET ELI-M - LUKAN MILEV

ABVER EOOD

TONI A EOOD

TSOLOV KONSTRAKSHANS EOOD

KRIS 004 EOOD

GROZBAU EOOD

BDG-KONCHAR AD

ALPIN 5 EOOD

AVI - PROEKTI EOOD

ET STEFAN KAVARDZHIKOV

MERI I SIE OOD

AVIOREMONT ZAVOD EOOD

MEDIM OOD

ET NIKOLA MERANZOV - DIMARINI-M

MOBIL VENDING SERVICE EOOD

GRATEL OOD

BALKAN GRUP KAR-BULGARIA OOD

STROY-EXPERT 2000 EOOD

DZHITI SERVIZ OOD

ASHO-TEN EOOD

AKSINIA SIMEONOVA EOOD

BULGA EOOD

GEKOM EOOD

SEA EAGLE EOOD

ARLET DIMITRINA BOSILKOVA ET

AVTO TREYD 17 EOOD

DB-EROL-LTD EOOD

EKSPRES GRELE EOOD

REKOMA OOD

NOVACHKI EOOD

TERMINAL 3 TINCHO TRIFONOV ET

OZON - 5 OOD

KOLDEST EOOD

DANI - INTERMONTAGE OOD

ET TACHEV I TACHEV - STOYAN TACHEV

TRANS PIRIN OOD

SC COMPUTER - UVT AD

TUNDGAROV EOOD

MARKONI 2007 EOOD

RADI S OOD

KANZELARSKI MASHINI-DARMONEV S-IE SD

STOYCHEVI - AVTO EOOD

DANI INGENERING EOOD

VAVA LIFT EOOD

BESHKOV - SIS EOOD

ET METROLOG - DRUMI DRUMEV

TANIA 2006 OOD

EMSI SERVIZ OOD

JIVKO KARPACHEV ET

ZHOKAR EOOD

ELEKTROPLYUS BURGAS EOOD

MAGNUM 7 OOD

DESTA-07 OOD

COMPUTER SERVICE EOOD

ELMO 2014 EOOD

VERTIKAL LIFT-AS OOD

ET ELEKTRON - 86 - AZIS HALIBRYAM

VECTOR LIFT OOD

SONYA ALEKSANDROVA ET

RETERA MARINETECH EOOD

TUR - MAR EOOD

DZHOGANSKI EOOD

KSANTIYA KLIMA OOD

STENLI FRIGO EOOD

AGROKRIMA-SERVIZ CVETKOVI EOOD

KRAKRA LIFT EOOD

ATR ALTERNATIVNI TEHNOLOGICHNI RESHENIA

OOD

NIKO R RUMEN TSANOV ET

SMARTKIOSK OOD

FINAL SERVICE EOOD

VIMESS EOOD

DIZEL REPEARS EOOD

BELANI 84 EOOD

ASI 2013 EOOD

BULMASTER OOD

MEGAFROST EOOD

DANIMASH EOOD

VANITEH EOOD

GARANT BULGARIA 09 EOOD

ATOMENERGOREMONT AD

IVESA 74 EOOD

POLIMER KADANS EOOD

PROCOL EOOD

MARINER MKK EOOD

VISTA SERVIZ EOOD

MASHINSERVIZ OOD

RANTAS EOOD

VANO IVAN KURDOV ET

ELMA SERVICE-RS OOD

MARTI MM EOOD

ALEKSANDAR B PEYCHEV SERVIZ ET

TALDE EOOD

HOEK INTERNESHANAL EOOD

MARINAS 50 EOOD

DIMONO EOOD

ATM ELEKTRONIKS MANYUFEKCHARING OOD

TERMOINVEST OOD

GIA TECHNOLOGY BULGARIA OOD

TEMENUZHKATA EOOD

RIOSS AGRO OOD

TURBO GARANT EOOD

RIVSIN EOOD

RUMYANA YORDANOVA RADEVA ARP ET

SAMYA OOD

VIHAR METAL EOOD

SISKO 2013 EOOD

ET KOEV - TSONYO KOEV

ALPEK M EOOD

ABB AG AVSTRIA

FRENKITO EOOD

DCS EOOD

ET IVAN HRISTOV - 60

MEGA - VO EOOD

SERVICE - M EOOD

KRISTIAN 2008 EOOD

SHIPYARD BOURGAS EOOD

MEDITSINSKA TEHNIKA OOD

UNIKRA EOOD

VIANOR EOOD

SAS GROUP EOOD

KOSHIN EOOD

GMG MONTAZH GRUP EOOD

RISOV MACHINERY EOOD

AS-VENELIN YORGAKIEV ET

STOILOV 62 EOOD

DEKS SLAVOVI 63 EOOD

B.M.V SERVIZ - PERNIK EOOD

AX-COMERCE OOD

NORDA MARIN EOOD

BARLEV EOOD

M - TECH SERVICE EOOD

DINOCO EOOD

VIP DIZAIN-PETROVA EOOD

GESH TRETI OOD

VOLTA KOM - S EAD

STEM M EOOD

TRIDAN EOOD

16 SeeNews Industry Report

ET BOBI 69 - BORISLAV VUTOV

STROITELNA TEHNIKA BULGARIA EOOD

VALCHEV KLIMA 11 EOOD

BAYKALSKI BRIZ OOD

DAXAN EOOD

FARST KLIMA EOOD

TEHMATEC OOD

HELIOS ELECTRIC EOOD

ELUS D EOOD

BOAT SERVICE OOD

BALKAN AVIATION SERVICES EOOD

KLIMAT INZHENERING EOOD

COMICON OOD

TURBOKOMPRESOR 2000 EOOD

AGRO DEVELAPMANT 2018 EOOD

TSM INZHENERING EOOD

ECO TRADE 2002 EOOD

GARANT 76 OOD

EKOMARIS EOOD

BOBCAR BULGARIA EOOD

ET ESPIRIT - EMIL MAKEDONSKI

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TEA - 58 - VASIL STAIKOV ET

ET GEORGI STANCHEV

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BAGGER HYDRAULIK 2 OOD

ET MITO - DIMITAR DIMITROV

HERA - SOFIA EOOD

LIFT TIYM DZZD

ET LIHACHOV - VASIL LIHACHOV

ILIA KAPASHOROV ET

DOZIMED OOD

ET SKORPION - DINKO VASILEV

PAVLOV ELEKTRIC EOOD

OBRESHKOV I SIN EOOD

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ET MEDEL - STOYAN MEDNIKAROV

ET ATIKA - KATYA PERENTIDIS

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PLAM GEORGIEV I SADRUZHIE SD

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HEAD 66 EOOD

PODEM SERVIZ KRAN EOOD

EPOZID BG VARNA EOOD

AS NA BADESHTETO EOOD

VEKO TREYD OOD

BM SHIPING SARVIS EOOD

KONSTANTINOS PALAPANU EOOD

ZELKON EOOD

REMO TEH EOOD

SD SNIM - KLYUNKOV I SIE

TIP - SERVICE EOOD

DZZD SANBRAYT LED

ET GEORGI DIMITROV - ZHORO

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ET MARGARIT YOTOV

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ELPAK MEDTEH EOOD

IHNIKA EOOD

MEDIKOM OOD

KAP OOD

LBS SERVIZ 11 EOOD

FION BULGARIA OOD

NIKO TERM-PLEVEN EOOD

ET MEDIKOELEKTRIK - KOMERSIAL - DIMITAR

PETROV

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DANI - 96 SERVICE EOOD

SEP CONSULT EOOD

ELPAK LEASING EOOD

RACKS INSTALL EOOD

LAMDATECH EOOD

AUTOCOLOR - K EOOD

INTER FRIGO EOOD

ET GEORGI BYALKOV

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VIOLINA TSANOVA - KOMERS ET

NIKOL 2006 ART EOOD

VISHAN - IVAN COLAROV EOOD

BEL-RS OOD

AK AVIATION EOOD

IZOT SERVIZ SSIM OOD

ET DETELINA-MI-91 - MARIN IVANOV

BOELI DANAIL GREBENAROV ET

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M I D SERVIZ OOD

SANIR EOOD

AMTEK - A EOOD

ROKSIST EOOD

SOLAR PIK EOOD

PM - INOKS EOOD

ALPIQ WIND SERVICES EAD

NYU ENTRI AUTO EOOD

DICHEV AUTO EOOD

IVENA 2017 EOOD

FILEL EOOD

PRIMA SERVIZ OOD

LILOV - A M EOOD

SPB AUTOMATION EOOD

ET ISLAYA-SV-STEFAN VASILEV

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ET FENIKS - VENTSESLAV KAMENOV

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TEHTIM EA EOOD

BRASSBULL EOOD

SISKO 2012 EOOD

DOBIMED M OOD

DANLEX EOOD

VESMAR MASHINEKS EOOD

ENERGOGAS OOD

MAN ENERGY SOLUTIONS BULGARIA EOOD

CONSTANT SERVICE EOOD

ABERP - ENGINEERING EOOD

HETA ALEKSANDAR OOD

YUSEIN ALIEV KURDOV

M & M AUTO 96 EOOD

EMO ELECTRIC EOOD

ZEFIR EOOD

BILKOM EOOD

KOSTOV 2000 EOOD

VESTAS BULGARIA EOOD

GARANT DS OOD

GIG-2005 OOD

LMP ENGINEERING EOOD

A M D OOD

ELEKT - 57 OOD

LINKOLYUBE BALKAN BG OOD

REAL 2014 OOD

DIMEKSKAR EOOD

PRO GLASS SERVICE EOOD

ET HIDROMASH-P.R. - SEMO GEORGIEV

FIL 57 EOOD

VILTEK SERVIZ EOOD

ELDI ELEKTRO EOOD

S VEDI OOD

SID SERVIZ EOOD

REM-PSM OOD

ROSS SERVIZ EOOD

M AND TSS EOOD

IZOT-SERVIZ OOD

PERFEKT LMT EOOD

ET KUGAR - NIKOLAY NEYKOV

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ELIT M EOOD

AUTO IVKONI 71 EOOD

VSS INGENERING EOOD

SAVOV AUTO OOD

ANCHOV AVIEYSHAN EOOD

METAPROM EOOD

BID EOOD

MAKLIFT EOOD

PERFEKT SERVIZ 2008 OOD

6 M S OOD

SKY SOLAR BULGARIA CO EOOD

METEKO YSC AD

HAY TEH SISTEMS OOD

ET BODI-MP - BOYKO BANKOV

ET VALERI RUSANOV

VEYDAR OOD

STOYU ILKOV ASANSYOR PROGRES ET

KAMBOZ OOD

TISPO OOD

ET KIRIL PILEV - KESH-95

NIKTRONIKS STIMA DZZD

AGRO INZHENERING 1 EOOD

TEO SERVICE EOOD

ELTED DVIGATELI EOOD

GLOBAL SHIP INDUSTRY SERVICE EOOD

PRIMA - ZHEKO PETROV ET

ET CHANKO - CHANKO KANEV

AVANGARDNI TEHNOLOGII I MASHINI EOOD

ET ORION - TODOR TODOROV

MARITINE SERVISES EOOD

ZIOMTRON EOOD

ZEMEDELSKA PROIZVODITELNA

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YORDANOV 69 EOOD

BACHO KOLYU I SINOVE EOOD

MOTOROL-LT EOOD

TIP TOP SERVICE EOOD

ATLANT LIFT EOOD

ALVARA 97 L T D OOD

G S INTERNATIONAL SERVICE EOOD

DOM CLIMA D EOOD

ELIA 18 EOOD

DIMITAR VALKANOV ET

ZHELEN EOOD

KONTINENTALIK OOD

VANESA - M EOOD

ERIS 89 EOOD

ELINEX PRO EOOD

MAPEKS MATEEV I SIE SD

TEHNO OOD

HETA OOD

OPTELA - AUTOSERVICES OOD

FLUID OOD

XLIFT SERVICE EOOD

ASANSYORI VARNA OOD

TITAN UELDING EOOD

AS FORI-2011 EOOD

SHKALOV EOOD

IZODIMPEX EOOD

ANDREEVI 64 EOOD

SIM INZHENERING EOOD

ERCAM LUTHER EOOD

AUTECH EOOD

BG MONTAZHI SOLAR EOOD

INTEST EOOD

PARST IVAN PARASHKEVOV PARASHKEVOVI I SIE

SD

ET TANTI - STANIMIR STANEV

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PROMISHLENA ENERGETIKA-VT AD

MKS YACHT PAINTING OOD

LORIBET OOD

METALURGREMONT 21 AD

ET VALENTIN KOEV - 69

VSD SERVICE EOOD

STERIMED 93 EOOD

AVTOSISTEMI OOD

BLUSKAY AVIEYSHAN EOOD

TRIEST 5 EOOD

GREEN POWER BG EOOD

MID 2000 OOD

RAYDARS SARVIS OOD

ZAUTERM OOD

SLAVIANI 55 EOOD

SANI 6 EOOD

MEDIKOM HR OOD

ET BIMIDISTEL - BOYCHO BOYCHEV

PROAUTOMEYSHAN OOD

BULGARIA ER TEHNIK EOOD

ROSI AUTO BG EOOD

MACRON LAZER SUPPORT EOOD

FIL STYLE EOOD

DANI-EM OOD

ESTEL OOD

VELIKOV I SINOVE - KRASIMIR VELIKOV OOD

AGROSERVIZ 2017 EOOD

ELEKTROUNIVERS EOOD

EMU - 2012 OOD

ELTA OOD

ET DIMITAR PANDEV - GUMIKS

FORKS EOOD

ET NIKOLAY GEORGIEV

MICHMUND EOOD

WIFORCE OOD

G U E S OOD

DELMONT AUTOMATION EOOD

REMOTEHINVEST OOD

ET ARMSTUNING - STOYAN GEORGIEV

AERO KONTRAKTOR BG EOOD

ET EL-TRAFO-METODI LALKOVSKI

CONSORTIUM MS& E (METEOROLOGICAL

SYSTEMS AND EQUIPMENT) OOD

TEZHKO MASHINOSTROENE-97 AD

KATSI TRANS EOOD

ANDZHI MODEL 76 EOOD

BONIEF - 2016 EOOD

ET TON - ANTON STOYANOV

PEPI 07 EOOD

17 SeeNews Industry Report

SIGMA IS AD

MEN-SERVIZ OOD

SOLAR INVERT EOOD

BULBIO ELEKTRONIKS OOD

LEKA EOOD

TERANAVIA EOOD

AIDJI AUTO AUTO EOOD

MASHINSERVIZ M EOOD

ZDRAVKRAN OOD

AEROSPECTRUM EOOD

SUN STORKS EOOD

LETNITSA KERAMIKA EOOD

SIMAK 2018 EOOD

S END M DEMONTAG EOOD

EUROPOOL PB GMBH EOOD

TECHOSYSTEMS VARNA EOOD

PRO TEH INZHENERING OOD

ET NIKI DOBREV - NIKOLAY DOBREV

PANCHEV TRAFIK EOOD

ALFAVLADIMA EOOD

DANIMIRA-76 EOOD

SADA MONTAJI EOOD

SARAKT 2012 EOOD

UNION 2002 OOD

L PET EOOD

AMKO 2 APOSTOLOV HRISTOV SIE SD

OPTIMAL INDUSTRIES LIMITED EOOD

PLAMITEH EOOD

SB - SNEJI EOOD

ICEGUARD INDUSTRY EOOD

UNIVERSIAL-2000 - K KOLEV ET

BISKO - 97 EOOD

BAGERI ERS 710

VESITECH EOOD

SADA EL EOOD

RE-ENGINERING EOOD

ENERDZHI PLYUS - 1 OOD

NIKKOM EOOD

VAZHAROVA EOOD

MAKANI OOD

NEDBIL - 2008 OOD

ASI-100 EOOD

START 5-91 OOD

ET LYUBEN BOYCHEV - 2000

NIKAD EOOD

VPD VIKI EOOD

FRESHCLIMA EOOD

MIHAYLOV - 2018 EOOD

ET MAVI- DIMITAR VITANOV

MITKOV REM EOOD

HIDROMASHINA EOOD

STAR TECHNOLOGY SERVICE OOD

DIMARO 18 OOD

KLIMATIK SERVIZ EOOD

ASANSYOREN SERVIZ AMADINA EOOD

KREMONIK GRUP EOOD

PDR DENT REMOVAL EKSPRES EOOD

SILIKOR EOOD

RAIVAN OOD

MOBI LIFT EOOD

ELEKTRA TRANS GLOBUL OOD

DIMO POPOV VILI 1 EOOD

GLOBAL OFIS SARVISIS EOOD

TRINITY MARITIME SERVICES EOOD

ICEBERG 1992 OOD

BULGARIA INTERMEDIARI EYDZHANSI OOD

BOLID EOOD

ET ALEKSANDAR STOILOV - ALEKS

ABANOS 88+ EOOD

GEOTEH VVG OOD

A I S FRIGO EOOD

ET MARTI - KIRIL STOYANOV

SIOPI TERM EOOD

GRIGOROV AUTO EOOD

RGB & IZOT-SERVICE OOD

SIV-21 EOOD

SAVOV SERVIZ EOOD

NASA SYSTEMS EOOD

FEROTEH 72 EOOD

ENERGOINVEST REMONTNA KOMPANIA AD

KRASIMIR YORDANOV ET

SLAVI MARECHKOV ET

V&A INDUSTRY EOOD

NI STA AVTO 89 EOOD

PALMED AD

TEHNOINZHENERING AYA EOOD

IRIS KAR EOOD

MIDA S R L EOOD

TERMOSTYLE EOOD

SOBOTRONIKA EOOD

KUATRO-2018 EOOD

PLYUS NAVAL OOD

ZENIT INZHENERING EOOD

CONTROLERS EOOD

SOMAT EXTREM EOOD

RMZ GORNA ORYAHOVITSA EOOD

NIKOLAY BOYCHEV ET

GALOF EOOD

D-BEST SERVICE EOOD

NIDAS OOD

PI VI SARVIS OOD

ET BEST-SO-GEORGI SOTIROV

ET APOLO-KAN - KRUM AVRADALIEV

STOYAN AVIATION EOOD

VDM- TURBO EOOD

VARNA MARITIME OOD

STOIL ATANASOV ASN ET

SBG 1 EOOD

INOVEX SERVICE EOOD

SERVICE CLIMA BG 2015 EOOD

BELTO MOTORS EOOD

VIANEL EU EOOD

SG GANCHEV EOOD

SKEI - KALINKA SOTIROVA ET

TONI LIFT EOOD

ORKSIS EOOD

VKRIS 22 OOD

DZZD NASMAR 2006

DZHEYEL GRUP OOD

BOBINAZH 68 EOOD

BERK INVEST EOOD

DANKO EOOD

TOPLIVO GAZ SERVIZ EOOD

VASIL ZRANCHEV - RAMET ET

TEHMIKS OOD

CITY M LIFT EOOD

M I SNN EOOD

SGK - SKALA OOD

MARCOS 72 EOOD

SEM REMONT EOOD

TUNDZHAROV TODOR STOYKOV ET

RMR 88 RADOY MLADENOV ET

MANO-MIKRO EOOD

WD SITE MANAGEMENT EOOD

PEPI T OOD

KODAR INZHENERING EOOD

TEHNOLIFT 74 EOOD

ICE TECHNIC EOOD

KOMITS V T EOOD

DIANEL SERVICE EOOD

TOZER EOOD

AERODOC TECHNIK EOOD

DYANKOVI EOOD

ET GEGO-KIRIL GEGOV

SEVINAA EOOD

KVANTEK OOD

CRYOCONTROL EOOD

SLAVOV CASTING - SERVICE AND TECHNOLOGY

EOOD

ET ROSEN RUSEV - ROTOR

VERTIKALEN TRANSPORT 2018 EOOD

EVRORADAR TM EOOD

KORABNI KOMUNIKATSII EOOD

DIMO POPOV VILI 3 EOOD

GINEV 2011 EOOD

KLIMAT SERVIZ EOOD

ET STOYKA METODIEVA - ANALITIK

DANCHO ATANASOV OOD

BULLIFT SERVIZ 1 EOOD

IVO-66 EOOD

STIVI PLAST EOOD

SIEGER ENGINEERING EOOD

KALIAKRA-5 EOOD

ET RAM - KIRIL KOSTADINOV

KVEL INZHENERING EOOD

BOMA 48 BORIS STEPANYAN ET

ET VEDA-ALBI - YORDAN HADZHIKRASTEV

ET EL KONTROL - PLAMEN ARABADZHIEV

LABSERVICE PLUS OOD

HEVI EOOD

O & M SIMONSFELD EOOD

LIFT - SERVIZ OOD

TOPLINA-PK EOOD

TIM ANTON TONCHEV EOOD

POLIMETA EOOD

AVANTODIN OOD

VAYS INK EOOD

SD NIKEANA - GARDEV I S-IE

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GWASH OOD

COOL TECH EOOD

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ET IVAN IVANOV - VLAST

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AYSBERG 53 EOOD

REBUILDERS FACTORY OOD

KAYKO GENERATORS OOD

BULMAR SERVICES EOOD

STOYANOV-SS EOOD

ET INIVEL - IVAN VELCHEV

AGR 45 EOOD

OKEY SERVIZ EOOD

GALERA 07 OOD

MEHANIKA BG EOOD

MAG METAL EOOD

VGA OOD

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TEHNOBANK OOD

KIRIL DELCHEV ET

FENIKA EOOD

SPIIDTREYD-BG OOD

SPECTRON SERVICE EOOD

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MAIAK-K OOD

TORGOSERVIZ EOOD

TEHNOKONT OOD

JANIELY LIFT EOOD

HIDRO KONT MILENA STOYANOVA ET

FLAM COMERCE OOD

MINSTROY REMOTEKS DZZD

ET VENKO KATSAROV

VELEMA EOOD

RILMAN EOOD

DECOR-RDM ET

MONTAZH INZHENERING EOOD

DEMYANSKI EOOD

ET LIFT SERVIZ - IVAN CHAKAROV

STARK-AVIATION EOOD

P& H SHIPS AUTOMATION OOD

CHEM AS ENGINEERING OOD

VALDANO VLADKO VELIKOV ET

KO - MONTAJ OOD

MONTAZHI RD EOOD

MSO 09 EOOD

SHIP & INDUSTRIAL SERVICE OOD

MECHATRONICS ES AD

BOBI BORISLAV SHOPOV ET

REMONTI PETROV OOD

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ASANSYOREN SERVIZ DANI EOOD

BORAG - EL EOOD

TECHNO STARS 63 OOD

ET BEKAVA - VALENTIN VELINOV

ON-UF ENGINEERING EOOD

MEON OOD

GARANT EKSPRES GRUP OOD

KANZELARSKI MASHINI OOD

VERTIKAL MIHAIL BALABANOV NIKOLAY

BALABANOV ET

METAL - APOSTOL ENEV ET

LEXCOM EOOD

BORIS ANCHEV - MITKO GEORGIEV ET

S DRIVE EOOD

KONVERTEH OOD

RVD 21 EOOD

MI KAR EOOD

ET RENESANS - GEORGI MIHOV

ZHIVKO D DIMITROV EOOD

FENIKA ELEKTRONIK EOOD

ET VIK - VASIL KLYUCHAROV

HYDROLIA AD

TACHO - ESSL EOOD

VENMAR GROUP RM EOOD

FENIX-2002 EOOD

EKO ENERGIYA HOLDING EOOD

DGULIANO TRANS EOOD

S I K MOTORS OOD

RAILWAY - TRACTION EOOD

KOLORIT EOOD

ELIT 57 EOOD

VARIANT-10 EOOD

KAF SYSTEMS EOOD

18 SeeNews Industry Report

VILI DIMO POPOV EOOD

OBEDINENIE SERVIZ ASANSYORI I ESKALATORI

METRO SOFIA DZZD

HSV EOOD

ET KASI-99 - ISAK MIHOVSKI

PENKILER - RAZGRAD EOOD

KAR - SARVIS 85 EOOD

TEHNOKLIMATERM EOOD

NIK AUTO INTERNESHANAL EOOD

ET ASV ELEKTRONIKA-96 ANDREY VITANOV

ET IVAN NIKOLOV 50

FRIGO PLYUS EOOD

BELTO MARIN EOOD

TIENDA EOOD

ELECTROREMONT BOJILOVI 2016 EOOD

MONACO AIR EOOD

TRIIRIS KANSTRAKSHAN EOOD

YURAPIAN TOBAKO SARVISIZ EOOD

ANGELOV 61 EOOD

APS AVIATION PAINTING SOLUTIONS EOOD

AUTOREP SERVICE EOOD

MEDIM 98 EOOD

QL SERVICE EOOD

TAKT AMG EOOD

AGRO SERVICE GOUTLIS EOOD

ATMOS BG EOOD

LUMEN BULGARIA EOOD

KOTA - 3000 EOOD

BT AVI MAINTENANCE EOOD

GAL -IV EOOD

NAR 2016 OOD

CYFRAL SERVICE EOOD

AQUACOM SERVICE EOOD

SILVER TRAK EOOD

NESFIX EOOD

MASHSEVICE EOOD

VR SERVICE EOOD

RABADZHIYSKI 73 EOOD

ET IVKOV - IVAN KOVACHEV

RTA OOD

TODEL SERVIZ EOOD

TROPIKANA AYS TEHNOLODZHI SVETOSLAV

STOYANOV ET

SEID A EOOD

DAN INDUSTRY R EOOD

RADI - IVETA EOOD

TEHNOPROGRES MM EOOD

CAS SYSTEM ELECTRON OOD

DURGA EOOD

TOSS - DOBRICH OOD

MEETYOU REPAIR EOOD

OBEDINENIE RILA SARVIZ

UNIVERSAL IVAN IVANOV ET

BALKAN SH EOOD

CEK AUTO EOOD

AQUA SERVICE BULGARIA EOOD

STATOR 66 EOOD

AV - FRIGO EOOD

MAKS-AK EOOD

BAGALEV LIFT EOOD

MITKO - MITKO PASEV ET

MITANA EOOD

ET MEPA-MILKO KISHKILEV

LIFT INZHENERING EOOD

UNIEL ENGINEERING EOOD

HRISTO HRISTOV - ICO - GEORGI HRISTOV ET

AGROFIKS SERVIZ EOOD

ASANSYORNI SERVIZI STORGOZIA EOOD

AVTOTERM 2010 EOOD

ELSTI - M EOOD

BORNAS 2016 EOOD

FACTOR PRO ACTIV EOOD

KRIMPINGHOSES HIDRAVLIK EOOD

UNIFIX GARAJ EOOD

DZHI DI OOD

YORDAN AVRAMOV EOOD

TECHNICAL SERVICE OOD

EM AMEGA - ATANAS ATANASOV ET

GERANOMETAFORIKI EOOD

BE ECO - EU EOOD

PULSARK OOD

NEXUS ELECTRONICS EOOD

ILVEST - EM EOOD

INTERLIFT GROUP EOOD

LIMAN YAHTING OOD

LONGMARCH BOWLING BULGARIA EOOD

SMS GRUP GMBH GERMANIA

EL VIT TODOR PLACHKOV ET

BULHELING EOOD

IZOTSERVIZ VELIKO TARNOVO OOD

VIKIVAN EOOD

ET DONIKS - SASHKO ANDONOV

REMONT METAL TODOR HUBENOV ET

VALCHEV I SINOVE EOOD

ET E + V- BORISLAV SVESHTAROV

IVANOV I PANDJAROV OOD

MEDITEL HEALTHCARE BULGARIA OOD

ELEKTROUSLUGY VARNA EOOD

KONIKOS 2007 EOOD

KAZAN TECHNIK EOOD

SELECT MARKET OOD

AMKO 2 EOOD

ET RADI - 2004 - RADOSLAV DIMITROV

PL SYSTEMS EOOD

GIGAMAN EOOD

ET SARIKO - SLAVI ZYUMBYULEV

N I N -TEC EOOD

DENT SKUAD EOOD

POLIGRAFTEHNIK ALEKSANDAR ZHELEZAROV ET

AUTO PEGAS OOD

TVH BULGARIA EOOD

BULDOCK OOD

ET HELA - RUMYANA SOTIROVA

ENERDZHI DD 2012 EOOD

DUNAV CLIMA EOOD

GRIFON AG OOD

ANRO KLIMA OOD

HYDRO STAR SLIVEN EOOD

AVI SERVIZ EOOD

SHIPINGSTROY 2013 EOOD

POSIHELP EOOD

BORADA AUTO EOOD

ELEKTRIK EOOD

KORABI I MOSTOVE EOOD

STELI 81 OOD

ALPEK-MM OOD

DEVES 2002 EOOD

PARTNER ZHSP EOOD

ET MARSA-61 - ILIYA GUGALOV

PN-REMO OOD

GARGOV 78 EOOD

EUROHIMIKA 2017 EOOD

ZARYA - ENCHEV EOOD

RAFAILOV I KOEV OOD

MARPET SERVICE EOOD

DIKS 07 EOOD

RIVAR SERVIZ EOOD

ISTINSKI NESHTA OOD

NERON - V EOOD

KRIPS 78 EOOD

EDITA 91 UZUNOV I HRISTAKIEV SD

NIKO LIFT EOOD

COMEKO - UNIVERS OOD

XVT I KO EOOD

CLIMATIC - SO EOOD

ERDAL S 12 OOD

MARK SECURITY SYSTEMS EOOD

DNG-TRANS EOOD

TSS KLIMA GRUP EOOD

MIG-33 EOOD

OAZA 2017 OOD

SV AND NG EOOD

VALEMO EOOD

ENERGOINZHENERING EOOD

LUVE-EL EOOD

5- INOKX EOOD

ET TSANKOV - PLAMEN STANCHEV

VEDA GROUP M EOOD

DAK 90 YANEV DAKOV I S IE SD

VEREYA ENGINEERING OOD

YACHT ENGINEERING BG EOOD

ELIT SERVIZ OOD

SHOMI M EOOD

STEDY SERVICE EOOD

PLANE ASSISTANCE EOOD

DOBREV 2013 EOOD

TANTEKS-90 EOOD

KOMSERVIZ EOOD

RHODOPE COATINGS EOOD

ELIT SERVICE 2009 OOD

TR BO EOOD

ELECTRODYNAMICS OOD

MEDIKA SERVIZ AA EOOD

IVEL SERVIZ EOOD

PERFEKT 81 EOOD

ILKONIKA OOD

OTTANGE EOOD

VELDER 78 EOOD

MACHINE SUPPORT EOOD

ET DANAIL YANEV - 76

BORDER EOOD

DENO EOOD

LVMED EOOD

CHRIST OOD

TURBOFORS EOOD

ALIEV EOOD

BENEX OOD

GENKO GENOV ET

EURASIA T BACCO INTERNATIONAL EOOD

IRA 2001 OOD

ELSTIL EOOD

MARINE RADIO SERVICE EOOD

ET ELANA-TRANSPORT - PETAR PETROV

ZHORO AVTO 82 EOOD

ORTES OOD

IKSPU EOOD

ET IVAN CHAKAROV - CHIKO

KRASIMIR YORDANOV LIFT ET

TEHNIK EKSPERT OOD

DARTRONIK OOD

PTIMA EOOD

ET DELTA - GEORGI VALCHEV

LZR ENGINEERING EOOD

LAMBEV ELECTRIC EOOD

AVTOSTAMI EOOD

SIMTICAR OOD

ROSEN TODOROV RTS 1991 ROSEN TODOROV

STEFANOV ET

MAGNUMSTOUN EOOD

ET SACHO - ALEKSANDAR ALEKSANDROV

MARINER ELECTRONICS EOOD

PSI FAKTOR OOD

TEHNOBIS EOOD

PEPINO 97 EOOD

DENATA EOOD

FILCBOR 2 OOD

ET DIMI - DIMITAR MIHAYLOV

ET DEYVID - DAVID DAVIDOV

FINMEHANIK KALABRIYA EOOD

R MAINTENANCE EOOD

KORN 1 IVAYLO BOGOMILOV ET

SUCCESS - 73 EOOD

ORKAN EOOD

ANELI-MET EOOD

PI EM EM EOOD

TARGOVSKA KOMPANIA ALMA EOOD

IMMSARVIS 74 EOOD

JENYS - 74 OOD

CHAYKA INZHENERING OOD

PROMISHLENA AVTOMATIKA - VARNA EOOD

VERCON OOD

P A VALSAMAKIS EOOD

GEOSERVIZ-VARNA EOOD

ELKOMS 2000 OOD

TEREM-LETETZ EOOD

KLEVARTAN INTERNESHANAL EOOD

HELIBORNE EOOD

CONSSPECT EOOD

INGETEAM BULGARIA EAD

ELI - G1430 EOOD

BUSINESSADVICE EOOD

SELENA-M EOOD

TS INGENERING EOOD

EFACEC CENTRAL EUROPE BRANCH BULGARIA

TERMO-97 EOOD

ET BALANS 2003 - NIKOLAY KOLEV

CHERNO MORE DZZD

PODEM SERVIZ GRUP EOOD

NATALI RUSKA YORDANOVA ET

EKO KLINIK OOD

SKY ELECTRIC GROUP EOOD

ET TSANKO KOLEV - MIKRIS

ET NIKAT-NIKOLAY TERZIEV

I V E T IDEAS AND VISIONS FOR ECOLOGY AND

TOURISM EOOD

UNI SARVIS OOD

STING METAL OOD

ET ROSI-98 - DINYO YORDANOV

DURYAS MT EOOD

IPO OOD

AIR SENSE SOLUTIONS EOOD

M G SERVICE EOOD

19 SeeNews Industry Report

MUSTANG 1384 EOOD

VALERI - ANTONIYA TODOORVA ET

ST AUTOGAZ EOOD

KOMTELS EOOD

DENIS TINCHEV 90 EOOD

KIPAR - 2015 OOD

TECHNO STAR 63 EOOD

FITATRONIC EOOD

FRIGONET EOOD

B S M BOZHIDAR MARINOV ET

ROTAMEN EOOD

ASANSYOREN SERVIZ 55 PLAMEN DIMITROV ET

EKO TEH ENERDZHI EOOD

B V GRUP KIRIL MIHAYLOV ET

ET PAVLOV EL - BORISLAV PAVLOV

DIA EOOD

ET MEGI - MARIN GEORGIEV

NBN MARINE EOOD

DUPNITSA LIFT EOOD

INDUSTRIAL SOLUTIONS EOOD

ASTRA UNIVERSAL - HRISTO HRISTOV ET

ET TEHNO - TONI RAYNOV

DARMED OOD

MEA OOD

RUDIKOM OOD

MM 91 EOOD

G & S SERVICE EOOD

O B SERVICE EOOD

DZZD ALFORI GRUP

GAITANOS LIFTA EOOD

IDA CONSULT EOOD

VASKO VASIL ANGELOV ET

RUSE SERVIZ OOD

DIK MECCANICA EOOD

RENTGENOVA TEHNIKA EOOD

AGROREMONT-SLAVOV EOOD

INTER-BI-DZHEY OOD

OVK - GAZ EOOD

TODOROV MAINTENANCE SERVICES EOOD

TDS HIGH TECH EOOD

MIZA OOD

SE TSNTS INTERNATSIONAL EOOD

TURBOMED INTERNESHANAL EOOD

PLAMAUTO GRUP EOOD

CHEFO BG EOOD

PRINTBOKS OOD

ARGOMET.EU EOOD

S VLAHOV ENGINEERING OOD

ET CHECHI - STEFKO ZHELEV

ENERGOREMONT - BOBOV DOL EAD

KLUBVERBAND - ITA OOD

REQUEST GROUP OOD

KRASIBO 71 EOOD

ITEM INZHENERING AD

RIDA EOOD

KODEK EOOD

KONDIS OOD

TERMO ELECTRONIC OOD

GARANT-SEVDALINA YANEVA EOOD

ZLATAROV I SIN 2008 EOOD

C P R ENERGY EOOD

HYDRONIX-SERVIZ OOD

FAKTOR - PRO EOOD

ET AUTO FEYZ-FEYZI MEHMED

ADELAIDA OOD

TITAN 2019 OOD

ET DIMITAR MIHAYLOV - MIM

BOJI - BOJIDARA 2017 EOOD

GRUDOV EOOD

EL REMO EOOD

BONDI ENERGIE EOOD

EL INS EOOD

MM ENERDZHI EOOD

ANGELOV AVTO EOOD

DOCHO MANKOVSKI - DOBRICH LIFT ET

ET VASIL VASILEV - REMA

IST MARINE OOD

GALCHEV AND SONS EOOD

BODIST BORISLAV DITSOV ET

TEHNO BG OOD

BUL MONTAGE EOOD

ILKNUR EOOD

DKI AVIATION SERVICES EOOD

NABA ELECTRONIC OOD

AUTOAVANGARD 2010 EOOD

TRADEMAN EOOD

VIPIMEKS OOD

BULGARIAN TEAM MARINE TECHNICIANS EOOD

DVD 92 OOD

KLIMA KOMPAS OOD

ASANSYORI - GINEV - PETROV I SIE SD

DEYZI 2011 EOOD

VELPAN KLIMA EOOD

ET REMELMASH - ZDRAVKO MILUSHEV

VERTIKAL DELKA SAVOVA ET

WELDIN OOD

MEHA TEKS OOD

ET STOYAN BOGDANOV

METAL CONNECT SMV EOOD

ENERGOGRUP DZZD

ABV - ELENA MITKOVA ET

IZOT 2000 OOD

BALKANFERRO EOOD

BULKEM EOOD

TEHNOKLIMATERM 66 EOOD

NZH AUTO GAZ SISTEM EOOD

LIDIA ADVANCE EOOD

BALGARSKA METROLOGIYA-NOEV EOOD

ORION - 1969 EOOD

KLIMA TSVETKOV SERVIZ EOOD

ULTRACOATING OOD

ET TRANSSERVIZ-T - YOSIF YOSIFOV

MOTOPEKS SERVIZ OOD

ELEKTRIC ENGENERING-2008 EOOD

ET KARIDENT - DIMITAR KARAKASHEV

ET NALBANTOV - TONCHO NALBANTOV

FRIGO SERVICE EOOD

MIKS 7 EOOD

EDIGEN EOOD

DRUJBA 77 EOOD

DRAGANOV 55 EOOD

VENI SHOP EOOD

LABORATORIA ZA INTEGRIRANI SISTEMI- ISL OOD

MAYAK 2016 EOOD

SARMASHIK PG EOOD

HOD SERVIZ EOOD

DIT-M OOD

ET ELEKTROEROZIYA - ANATOLIY PETROV

VIKTOR TODOROV HAYDUDOV

ET HOMOFABER - DIMITAR DIMITROV

ANGELIKA EOOD

STRIMON AVE EOOD

PARUSHEV I SINOVE EOOD

GANEV OOD

SOLAR INVEST TREYDING EOOD

GOLIAT 2006 EOOD

LIFTINZHENERING OOD

ET VESNA - VASIL ENCHEV

ET MEDIKOM-INZH.NIKOLAY VALCHEV

EURORADAR EOOD

ADIMA 97 EOOD

RALEKS 17 OOD

ET ROYD - ALEKSANDAR ROYDEV

MORIS EFFECT EOOD

ARNO 46 EOOD

BULTECH TRADE EOOD

KLIMA INZHENERING TOSHO SHAHANOV ET

DANO-M EOOD

JANIS-2001 EOOD

RB EOOD

MASTER UNITI OOD

DZZD KOMPLEKS 2014

ODYSSEY GROUP SHIP SERVICES EOOD

AY PI TI MOTORS EOOD

IVATEH EOOD

BK AVIATSIONNI USLUGI EOOD

ZHOZER EOOD

KUKA INZHENERING OOD

VIM PETKOVI OOD

TEHNOKOMPLEKS EOOD

LIFT BO IF EOOD

S R P EOOD

SMT EOOD

GIGEL EOOD

LUKAS BALANS EOOD

STIL 2009 EOOD

SLAVINA 19 EOOD

TECHNOTRON SERVICE - ALEKSANDAR

KOVACHEV ET

ET PEEV - DIMO PEEV

MARINOV AUTO EOOD

AVIATION HEED EOOD

EMAXLIFT EOOD

RATIONAL-SERVICE OOD

DIMAL-1968 OOD

TEHNO SARVIS EOOD

DOBRICH LIFT - 09 OOD

HIBRIDNA MIKROELEKTRONIKA AD

ALIS EOOD

ET MIKRON 2004 - GEORGI KACHOV

ET TSIEM-IMPULS - EMIL POPOV

M.A.S. ELEKTROSERVICELTD EOOD

BITOVA TEHNIKA GARANT AD

G M ELECTRONICS OOD

SOS SERVIZ EOOD

KRASI SERVICE 2015 EOOD

BRAYT NYU UARLD OOD

VECTOR - 1 OOD

VITUS 84LTD EOOD

ENDOELECTRONICS EOOD

FINVAL M SERVISE EOOD

SIKO EOOD

SERENITY ENGENEERING EOOD

LIFT - SERVIZ 2008 OOD

ASANSYOREN SERVIZ BOZHKOV S IE SD

DEGMA IV EOOD

BAUMASHINEN EOOD

ROSSI DESIGN EOOD

MEMO TAKT EOOD

ET PLAMEN NIKOLOV - VIPS

ET BONCHO ZAPRYANOV

KMT SHIPKA OOD

NEVROKOP PAPER EOOD

COMPLEX INDUSTRIAL SERVICE EOOD

HRISTO TSONEV-93 ET

K-TECHNO EOOD

TEHADE EOOD

BOBO BOYKO ZAHARIEV ET

HARCO 1 EOOD

ET YOLE - YONKO EVLOGIEV

ALMIUS K EOOD

VESTA M OOD

GAYAK EOOD

PI ES DZHI AUTOMATIKS EOOD

D I D AUTO 2018 EOOD

EN DI GRUP 2010 EOOD

DABAL D GRUP OOD

LGI ASTAHOV EOOD

BULYARD SHIPBUILDING INDUSTRY AD

HOVENES EOOD

V KTOR LIFT - 1 OOD

OLIMPIA 74 EOOD

STANIKA OOD

NEKSUS INZHENERING OOD

DTS OOD

ET SIMEON TSENEV-SI-MART - IVAN TSENEV

ET KARINO - IVAYLO MISHEV

MIHAILOV I SIN EG EOOD

BRANI 88 EOOD

PROXEL ENGINEERING EOOD

TRICOM-V EOOD

KINOMATIK EOOD

P & D LINE EOOD

KREON EOOD

DONNER INZHENERING EOOD

TSENTAR STROY VARNA OOD

ET DZHAMP - ATANAS ACHKOV

EMERAN EOOD

ET YAVOR KARADZHOV

ET REDI - RAYNA SPASOVA

IMEKS-1970 EOOD

MOTOROL EOOD

DZZD TRANSREMONT

RADO LIFT EOOD

ASANSYOR - 91 OOD

SILVER I KO OOD

REPAIRING AND INSTALLING YACHT WINDOWS

EOOD

HEAD SERVICE DOBRICH EOOD

ELSYST TECHNOLOGY EOOD

ET SINUS - DIMITAR DIMITROV

MILOV EOOD

CARDIOTECH SUPPORT EOOD

MAKSY LIFT EOOD

NELI KARAPACHOVA KIRCHEVA ET

NDT CONSULT OOD

KARAT NOVA KRASIMIR KAMENOV EOOD

VALEKS HEKSOD EOOD

C E M S - ENGINEERING EOOD

VALL AVIATION SERVICES EOOD

KNEZIM AD

STEMA EOOD

TEKOMA ENGINEERING EOOD

20 SeeNews Industry Report

BULTRAK SERVICE EOOD

ET ILEMA - IVAN LALEV

EUROPE INDUSTRY EOOD

FIKO 99 EOOD

KOMARS STROYINVEST AD

TEDI MARIN DOCHEV ET

T.I.-SERVIZ OOD

VAGO KO OOD

UNIDI EOOD

NEMAK 69 EOOD

MORYASHKI CENTAR-RUSE EOOD

ALEKTOR EOOD

APOLON CLIMATE ENGINEERING OOD

SYNERGY SERVICE OOD

ET NIK-PANCHO LILOV-KAROLINA LILOVA

CHOCHI 1965 EOOD

KBB EOOD

BORIANI - 08 EOOD

TENTO METAL OOD

ET MARINCHO MARINOV-MERKI I TEGLILKI

DINAMO KOLYO KONKILEV ET

TOPLOTREID INJENERING EOOD

ELEKT SM EOOD

PIPE ENGINEERING OOD

EKOTOST OOD

BACHO KOLYU I SINOVE 1 OOD

ONE CAR SOFIA EOOD

BRATYA - 2 OOD

KIBERTEL OOD

TOMI EKSPRES EOOD

FRIGO TECHNOLOGY OOD

ARGUS M OOD

PULSAR YANAKIEV OOD

FIRETECH ENGINEERING EOOD

TIM EA INJENERING EOOD

YADRENA TEHNIKA OOD

AVTOSTAKLA SEDEF EOOD

KRONES SERVICE EUROPE EOOD

PLAMEN PETROV 2015 EOOD

VANS MARIN EOOD

PERLA 2 EOOD

SERVICE MM OOD

SEYF AVIEYSHAN SALYUSHANS EOOD

DIN 2017 EOOD

VIP CLIMA OOD

CITY LIFT SERVICE OOD

ET YONCHO KARDZHILOV - LIFT-95

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ALBA TIM EOOD

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KATMEX EOOD

DIA SERVIZ EOOD

ALEGI ENGINEERING OOD

SVS - EVROPA EOOD

ETA OFIS OOD

ADASIS OOD

ET RUMYAN DIMOV

IVKONI 82 EOOD

HRISTOSKOV EOOD

K MARCHEV EOOD

CDC EOOD

MAX SYSTEMS EOOD

REMEXPRES-2009 EOOD

TAMEX EOOD

SD RE-KOM - DIMITROVI S-IE

RIMEX SERVICE OOD

M - KLIMA - 2008 EOOD

ET MEDITSINSKA TEHNIKA-STEFAN HRISTOV

VALIS EOOD

ET EKOKLIMAT 1 - IVANKA KOLEVA

AVTOSERVIZ ZAHOV OOD

DALILA -58 EOOD

TERMO PRO EOOD

ELFILIFT OOD

ET EMIL GOTSEV - VIP-22

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ET VASIL PETROV

V I 07 EOOD

DITO METALWORKS OOD

RMU - DOBRIN YORDANOV EOOD

DIBO SARVIZ OOD

SIMI LIFT OOD

LABSERVICE OOD

LIFT-68 EOOD

MBLS SERVICE EOOD

ATOMENERGO EOOD

SEIK ELEKTROREMONT EOOD

SIMAR METAL EOOD

NIKULO EOOD

K - GEORGI GEORGIEV EOOD

MEDIKOM NV EOOD

TS REYSING EOOD

IZOTSERVICE MONTANA OOD

KURTEV SERVIZ BULGARIA EOOD

ET YAK - YANI KOSTADINOV

TONI EOOD

NYU ELEKTRO TERMO KONTSEPT OOD

TSVETAN VALCHEV 66 EOOD

DBM SERVICE OOD

INFO - ADL EOOD

CLIMA-BG-92 EOOD

TRIUMF-MM OOD

SVEMAR AGRO OOD

RUMEDIT-98 AD

BELOLES OOD

NIKI SERVIZ OOD

PENTAX MEDICAL BULGARIA EOOD

TENCHO PETEV EOOD

GOURAN OOD

S A P - GLOBAL EOOD

SIOS EOOD

ET SERVOMED - IVAN IVANOV

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ET DENCHEV - TSANYO YORDANOV

DIMITRINA KOCHEVA VASKO PLAST ET

STELLAR EOOD

ARTON SYSTEMS EOOD

K N K EOOD

LINA H LIFT KALINKA PECHOVA ET

VADIKOM OOD

EMIL-SERVICE EOOD

ASANSYORNI SERVIZI AS OOD

ELKA - 72 EOOD

I G M EOOD

SAINIDIS NIKOS EOOD

SI EN DZHI SARVIZ OOD

SS SOLAR OOD

GREEN TEK EOOD

BULLIFT SERVICE EOOD

NEO PODEM OOD

AYS - KLIMA EOOD

ELDI - SOLAR EOOD

FIRETECH EOOD

ELKOM - YANAKI ZABIROV ET

DNJELECTRONICS EOOD

ET YURIY GAGARIN - BOZHIDAR BLAGOEV

VALENTIN ZHELEV VZHZH UNIVERS ET

ET IVAN KARAKANOVSKI

AUTO TRIO EOOD

LINK GROUP EOOD

F M ELEKTRIK OOD

ELMECH - KRASIMIR ZHELYAZKOV ET

LYUBOLIFT EOOD

IV-ICE GRUP EOOD

FILA SERVIZ EOOD

ET LM-22 - MARIYANA LULEVA

RVC OOD

K.A. SERVIZ VIDIN EOOD

HIDRONETIX B EOOD

FRIGO BURGAS EOOD

GAZKONTROL KTH OOD

IKV- AUTO EOOD

TURBO MACHINE BULGARIA EOOD

NORLAYT LIMITID EOOD

DEKOR-RDM EOOD

DDM 2009 EOOD

KONOVETS VASKO TSANOV ET

VEKO INZHENERING AD

HEVI HRISTO HRISTOV ET

DKVN SERVIZ EOOD

ET KLIMA-RUSKO DIMITROV

ELEVATORS OOD

KARAIVANOVI KOMERSIAL EOOD

NIKAUTO 2014 EOOD

ASI STEFAN ANDREEV ET

ELEKTRON EOOD

DISTEM EOOD

PRESTIJ KLIMA EOOD

TEHNO GAMI EOOD

SILOFACTOR EOOD

ET TMD-94 - TODOR TODOROV

COLD EOOD

STARTAP PLYUS EOOD

WATERLINE SERVICES OOD

VENIKA 2009 OOD

AGROTECHNICS 1999 EOOD

DATA RUSE EOOD

GALATEH TURBO EOOD

ET ASSIMO 7 - PETAR MAKARIEV

CALIBRA 04 EOOD

ET BAYK-GEORGI ANDONOV

KAMENA OOD

ATIS TELEKONTROL EOOD

ET MAG - MILKO GAVRAILOV 2018

RIS CONSULT 2 EOOD

T AND P ENGINEERING EOOD

KMM-MONTAJ RUSE OOD

FILTSBOR KUMCHEV I S IE SD

ANALIX OOD

DBN - MEDICAL EOOD

ADI 83 YORDAN YORDANOV ET

KOLARA GEORGI GERGOV ET

CLIMASTORM EOOD

HIDROKAZ OOD

MECHANOTECH EOOD

ZABONARYAZVANE 2007 OOD

LUFTHANSA TECHNIK SOFIA OOD

NOMAN EOOD

VERT TRANS MALINOVI I S IE SD

LUNEN OREOL EOOD

ARBO OOD

VARNA SHIP SERVICE EOOD

PENTAGRAM ENGINEERING OOD

KALIN NAYDENOV ET

GENERA SERVICE OOD

TECHNIKAL EXPERT EOOD

TEHNOSTAR-68 EOOD

NITRA SISTEM EOOD

RKM 1 EOOD

GEORCHEV-2014 EOOD

NANTAKET EOOD

ZEFIR KLIMATICHNI SISTEMI EOOD

B I V OOD

HIDRAVLIK GARANT OOD

NIKOLAOS PETROU EOOD

ET CHOBANOV-MERKI I TEGLILKI-DIMITAR

CHOBANOV

DIZEL RASHKOV OOD

DEA MOTORS COMPANY EOOD

VERTTRANS AS EOOD

KUULINK EOOD

GEOTRADE RS OOD

KITCHEN PLEYSMENT EOOD

ET MEIM SERVIZ - BOZHIL YANACHKOV

ALEX COM 2 EOOD

AVITECH SERVICES EOOD

HYDRO INVEST KONSULT OOD

DONKO KLIMA EOOD

RAW MAT EOOD

HP MENTANANS END TRENING EOOD

GODO ELECTRONICS EOOD

DEMA DASKALOV EOOD

VITEZ VZH EOOD

BLEZ INZHENERING OOD

RUMA-TEH EOOD

SERVICE MACHINERY EOOD

BALKANLIFT BG EOOD

STARENERJI EOOD

ET STEFAN STOEV

BASS M BASS EOOD

EISAKO EOOD

ENEV - 5660 EOOD

KLIMAT - D EOOD

CKA OOD

K & P AUTO EOOD

ET GEORGI NIKOLOV STOYANOV

FRIGOSISTEM EOOD

ATIS INZHENERING OOD

BAGALEV LIFT SERVICE EOOD

AMES - LZ EOOD

V.T. PEYTING SARVIS - SAPLAYS EOOD

TEOKOM 2001 EOOD

AUTO GARANT 2017 EOOD

ET NIKI - NIKOLAY STANCHEV

ET MEGI 06 - IVAN IVANOV

KA-STO 7580 EOOD

MAGE OOD

AVIATION NDT EOOD

MEGABITA 08 EOOD

ALGINA EOOD

MIRELA - 94AS EOOD

21 SeeNews Industry Report

DURAL-661 EOOD

ET ENDZHEY-2008-ATANAS KOYNOV

VALENTINOV ELEKTRIK EOOD

ELEKTROKRAN - PODEM OOD

DELTA HYDRAULIC OOD

FORTEH - HRISTOFOR SIMOV ET

DANI D SERVIZ EOOD

INKOMSSERVIZ OFISSISTEM OOD

KAR MOTOR GB EOOD

KEYSIS TM BG OOD

PRO MACH EOOD

STASCOLD EOOD

VILI 11 EOOD

TRANSKOM 1 OOD

ROMINACAR EOOD

MARINA SOZOPOL SARVIS EOOD

FORTUNA GV OOD

KARAGEN EOOD

HIKS EOOD

IVO 2002 IVAYLO DIMITROV ET

EVEL BG EOOD

DINAMIK M MITKO DYAKOV ET

MASHINEN REMONT OOD

ADN 4 EOOD

YANI 05 EOOD

KAHARKOV EOOD

HI ENGINEERING OOD

D AUTO EOOD

SIS MASTER EOOD

MULTIMODUL EOOD

KAS SERVICE EOOD

HOUP SARVIS EOOD

KRIS NIKOLOV EOOD

VOLT FRIGO EOOD

NIKARS AUTO SERVICE EOOD

STROY DELUKS EOOD

BESTLIFT OOD

PULSONIK EOOD

MALNIA - 76 EOOD

INTERNATIONAL TECHNOLOGIC MACHINE EOOD

INTECH OOD

VAZHOD REMAS SIMANOVI I SIE SD

ET VESELIN PETROV - ALFA-TREYD

CHIZI AUTO EOOD

AVTOKOREKT 88 EOOD

POMPEX OOD

KM METAL EOOD

ET PANEV-ELEKTRIK-DIMITAR PANEV

REMA 1 EOOD

KRASI SERVIZ- 2000- KRASIMIR MARKOV ET

RIDIKO OOD

ZENIT - MV OOD

PROELA OOD

KIONA EOOD

ELCOTECH OOD

BLAGA EP OOD

ET DOVERIE - STEFAN MATEV

ET MARINA ILIEVA

DZZD AGROMA

OFIS SERVIZ EOOD

ODESSOS RIGGING OOD

GAMA - PROM EOOD

JAMBO OOD

SWISS COFFE 11 EOOD

GASKOIN 73 EOOD

SMIKATA EOOD

HIDROTEH EOOD

ELENI TEHNIKI EOOD

ZHO EOOD

PROGRES 2006 EOOD

MOTIVI 2REM EOOD

NIK TEHNIKS EOOD

REDO K EOOD

KARDIYU 2013 EOOD

BATERFLAY - DIANA KORDOVA EOOD

NIKI-AUTO-2005 EOOD

WORLD MARINE SAFETYLTD EOOD

ET ELEKTRIK DM - DIMITAR MITEV

ET STIK BELT-KRASIMIR SLAVOV

ET DELTA SERVIZ - DUSHKO LYUBOMIROV

SERVICE MISSO EOOD

KUFFERATH BULGARIA OOD

BENLET MARINE EOOD

ARKTIK 2007 EOOD

SISTEC PRINT EOOD

ELECTRIC UNION OOD

PEGAS TREYD EOOD

BIOCOMPLECT ENGINEERING PM EOOD

P N ELEKTRONIKS EOOD

MEDIN 98 EOOD

DAVIDOV 05 EOOD

M - A SERVICE OOD

ET SONI STOYAN PASHOV

ZAGORA AKVA HIM EOOD

RVD-RUMEN EOOD

ET LAVA SERVIZ - GEORGI ASPARUHOV

SPRINT LIFT EOOD

BALKAN BG KLIMA OOD

CLIMASHOP OOD

VISTA OK EOOD

TEHNOZONE OOD

BULGROUP ENGINEERING OOD

DIMO POPOV VILI 2 EOOD

POWER ENGINEERING OOD

AHEYA OOD

HID TEH EOOD

SERVIZ - IMPULS EOOD

ENERGIA-2001 EOOD

DURYAS MG EOOD

22 SeeNews Industry Report

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