Google, Amazon, Meta and Apple are Meeting in Sofia
Google, Amazon, Meta, and Apple are among the tech giants slated to convene in Sofia for a landmark event in 2025
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Sofiyska Voda, the company operating water supply and treatment services for the Bulgarian capital Sofia and serves 1.3 million inhabitants, has threatened to suspend supplies to its debtors.
Outstanding payments currently amount to BGN 59 M, the concessioner announced, adding that the sum exceeds the investments of BGN 52 M it made in an upgrade of no more than 1% of the sewage system last year.
The deal for the sale of several European water supply and treatment businesses from United Utilities, including Bulgaria's Sofiyska Voda, to France's Veolia Environnement, was finalized at the beginning of November.
Veolia, the world's biggest listed water company, unveiled the deal, with an enterprise value of about EUR 199 M in June. United Utilities sale of non-regulated businesses included subsidiary United Utilities Australia and investments in the UK, the Philippines, Bulgaria and Poland.
The French utility will take a 77.1% stake in Sofiyska Voda, the company operating water supply and treatment services for the city of Sofia in Bulgaria. The acquired stake includes the share of the European Bank for Reconstruction and Development.
The company plans to invest BGN 240 M by 2013, BGN 50 M of which come from a loan from the European Bank for Reconstruction and Development.
More than twenty years after the fall of the communist regime, Bulgaria's water sector remains one of the least reformed systems in the country.
Except for Sofia municipal water supply, which has been granted on concession to a foreign investor, all other units in the sector are either owned by the state or the municipalities.
The company in Sofia however has been harshly criticized for shortage of investments in the upgrade and maintenance of the system.
An average 60% of water pumped in the pipes never reaches Sofia consumers, while in some regions losses account for up to 90 %.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
Svetoslav Stanulov, chairman of the Association of Bulgarian Airlines (ABA), has emphasized the need to assess Sofia Airport's potential as a hub for transit and transfer flights
Pegasus Airlines is set to recommence its scheduled flights between Sofia and Istanbul, marking a significant milestone in air travel connectivity between Bulgaria and Turkey
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022