Bulgaria: A 29-year-old Man Died in a Car Crash - An Injured Baby is in a Hospital
One person died, five are hospitalized, among them a 10-month-old baby and two boys aged 12 and 15, after an accident on the Pazardzhik-Belovo road
The German carmaker Opel will be bought by Austrian-Canadian Magna International.
The deal was announced Saturday by a German state-owned television, CNN reported.
The Austrian-Canadian firm will buy a majority stake from Opel's US parent company General Motors.
"I can tell you that a solution has been found. The state-guaranteed transitional credit for Opel has been arranged", Finance Minister Peer Steinbrueck said early Saturday after a meeting with the dealmakers.
In exchange for Magna investing in Opel, the German government will provide a USD 2,1 B bridge loan to GM to keep Opel in business, Steinbrueck further explained.
Financially strapped General Motors is Opel's parent company. GM is expected to declare bankruptcy as soon as Monday.
Earlier Friday, Italian car giant Fiat pulled out of talks on the future of Opel, saying it was unwilling to provide the kind of emergency funding the German government was seeking.
German officials have said that if no qualified investor is found, the government is prepared to allow Opel fall into insolvency.
Any bidder for Opel would also be buying GM's European operations. That means the outcome of the talks would have a direct impact on GM's other operations across the continent, including plants in Europe, and the Vauxhall car brand in Britain.
Ukraine's parliament has given the green light for the acquisition of two nuclear reactors initially intended for Bulgaria's Belene Nuclear Power Plant (NPP)
The Black Sea region in Bulgaria is facing a serious labor shortage ahead of the summer season
Parvomay Municipality in Bulgaria has become one of the first to prepare for the country’s euro adoption
Over the past two decades, more than 800,000 family-owned stores have vanished from Bulgaria
In 2024, nearly 36,000 foreign workers from 79 countries have been granted permission to work in Bulgaria
Professor Steve Hanke, who established Bulgaria’s currency board, emphasized that the country should maintain the current system, as it continues to work effectively
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