Bulgaria Inches Closer to the Euro: Final Votes in Strasbourg and Brussels Today
Today marks a pivotal moment for Bulgaria’s accession to the eurozone, with the final two decisions set to take place within hours
HOT: » Which party would you vote for (if you could) in the upcoming snap vote in Bulgaria on April 19?
Kamenitza AD, which was until last year part of Interbrew, renamed InBev after the merger of Interbrew and AmBev, is the second biggest brewery in Bulgaria. File photo
The European Court of Human Rights has ruled in favor of three Bulgarian nationals, who brought a case against Bulgaria, claiming to be successors to shareholders of a brewery in Plovdiv, which was nationalized in 1947.
After eighteen years of court battles, the heirs to shareholders in Bulgaria's earliest commercial brewery "Kamenitza - Frick and Sulzer" enjoy every chance to obtain shares in Kamenitza AD since the Strasbourg court ruling allows them to go to law over the number of shares they are entitled to.
The case in the European Court of Human Rights concerns a dispute about the determination of the applicants' entitlement to shares in the brewery following restitution and privatisation legislation introduced in 1992.
Relying on Article 6 § 1 (right of access to court), the applicants complain in particular that the domestic courts dismissed their claims without undertaking an independent review of the Government's valuation of their properties.
The court awarded EUR 4,000 to the heirs of the first applicant for non-pecuniary damage and EUR 2,000 each to the second and third applicants.
Bulgaria's earliest commercial brewery was established in Plovdiv by the Swiss Germans Rudolf Frick and Friedrich Sulzer in 1876.
It became a large and modern factory in 1879/1881 with the help of another Swiss expert, Christian August Bomanti.
Production began in 1882 in the Kamenitsa area near the city and continues today, its successor being the Kamenitza brewery.
Kamenitza AD, which was until last year part of Interbrew, renamed InBev after the merger of Interbrew and AmBev, is the second biggest brewery in Bulgaria.
Its diverse brand portfolio includes international Stella Artois and Becks and local Kamenitza, AstikA, Burgasko , Pleven, Slavena.
Anheuser-Busch InBev sold its operations in seven countries in Central Europe and the Balkans, including Bulgaria, to private-equity firm CVC Capital Partners in December 2009.
Scroll through a busy news feed and you’ll spot a pattern - economic jitters, tech pivots, shifting consumer habits.
Dr. Boyko Takov: Analytical and empirical results from ongoing projects constitute a solid information base
Up to 90 percent of construction and renovation workers in Bulgaria are operating outside the legal framework, according to entrepreneur Lozan Lozanov, who raised concerns about the lack of regulation in construction and installation services
The Ministry of Finance has released a broad public dataset covering more than 7,000 public procurement contracts with a combined value exceeding 30 billion euros
Mobile slot gaming has exploded in popularity, and it’s easy to see why.
Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began