Stability Reigns: Sofia Real Estate Market Thrives Despite Uncertain Times
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
Parliament Votes on Bulgartabac's Buyer This Week
Business | March 12, 2003, Wednesday // 00:00
- Tweet
Send to Kindle
Bulgaria's parliament will vote on the Cabinet-named buyer of Bulgaria's tobacco monopoly this week, it transpired March 12.
The vote has been included in the weekly agenda of the Parliament, which, under the Privatisation and Privatisation Control Act as last amended, is solely competent to approve the transaction.
On Wednesday the parliamentary economic commission approved Tobacco Capital Partners for preferred buyer for Bulgaria's tobacco monopoly Bulgartabac. MPs of Simeon II National Movement and the predominantly ethnic Turkish Movement for Rights and Freedoms (MRF), junior partner in the ruling coalition, led by Simeon II National Movement, voted for Tobacco Capital Partners.
Deutsche Bank-owned consortium Tobacco Capital Partners was named preferred buyer of an 80% stake in Bulgaria's tobacco monopoly Bulgartabac, the Cabinet decided at an extraordinary meeting March 10.
The price of the deal is EUR 110 M.
In a separate development Deputy Prime Minister and Economy Minister Vassilev assured that the deal will include serious guarantees to serve Bulgaria's best interests.
Asked whether Tobacco Capital Partners would commit not to sell Bulgatabac's shares for a period of five years, Minister Vassilev said he is not in a position to talk on behalf of Tobacco Capital Partners.
The vote has been included in the weekly agenda of the Parliament, which, under the Privatisation and Privatisation Control Act as last amended, is solely competent to approve the transaction.
On Wednesday the parliamentary economic commission approved Tobacco Capital Partners for preferred buyer for Bulgaria's tobacco monopoly Bulgartabac. MPs of Simeon II National Movement and the predominantly ethnic Turkish Movement for Rights and Freedoms (MRF), junior partner in the ruling coalition, led by Simeon II National Movement, voted for Tobacco Capital Partners.
Deutsche Bank-owned consortium Tobacco Capital Partners was named preferred buyer of an 80% stake in Bulgaria's tobacco monopoly Bulgartabac, the Cabinet decided at an extraordinary meeting March 10.
The price of the deal is EUR 110 M.
In a separate development Deputy Prime Minister and Economy Minister Vassilev assured that the deal will include serious guarantees to serve Bulgaria's best interests.
Asked whether Tobacco Capital Partners would commit not to sell Bulgatabac's shares for a period of five years, Minister Vassilev said he is not in a position to talk on behalf of Tobacco Capital Partners.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Winter Tourism: 1.8 Million Visit Bulgaria
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
Bulgaria and Ukraine Forge Economic Ties: Trade Reaches $3 Billion
Trade relations between Bulgaria and Ukraine have reached unprecedented heights, with bilateral trade hitting a record 3 billion USD in 2022, according to statements made during the recent Bulgarian-Ukrainian business forum
Business | April 25, 2024, Thursday // 14:23
Bulgarians' Real Estate Investments Reach 59 Countries
As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
Bulgaria's Euro Adoption Likely Postponed: Entry Date Shifts to Second Half of 2025
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
FlixBus Expands Routes from Bulgaria: New Connections to Thessaloniki, Athens, and More
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
