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
Alegro Capital, a London-based corporate finance advisory firm, has acquired Bulgarian television TV7 for an undisclosed sum, it was announced on Tuesday.
Two years ago Alegro Capital advised Tengelmann Group in selling Plus Eastern Europe GmbH subsidiaries in Bulgaria and Romania to the international Lidl group.
The Bulgarian acquisition, which also includes BBT and Super7 TV channels, is the fund's first deal in Southeastern Europe, Patrick Martin, Managing Director and Head of Media, Internet and Entertainment practice at Alegro Capital, said at a press conference in Sofia on Tuesday.
Alegro Capital has developed significant expertise in the Telecoms, Media and Technology (TMT), Retail, Industrial and Consumer (RIC) and Renewable/Clean Tech sectors and has in its record corporate financial transactions worth USD 50 B in fifteen countries in Europe, US and Asia.
Speaking to local journalists on Tuesday Patrick Martin stressed that the market has been under pressure until recently, but it is starting to recede, which explains the timing of the deal.
TV7 was founded by Lyubomir Pavlov and Krassimir Gergov, using the license of TV channel Seven Days. After Pavlov and Gergov split, the media was led by Pavlov's wife Dilyana Grozdanova, former anchor at the state TV channel and member of parliament.
In 2009 TV7 was acquired by offshore company Crown Media in a deal advised by Tsvetan Vassilev, majority owner and Chairman of the Supervisory Board of Corporate Commercial Bank.
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FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
In a significant development, the Russian army has seized control of the pivotal village of Ocheretyne in the Donetsk region of Ukraine, a strategic location crucial for Ukrainian defense efforts
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
In a concerning revelation, the ad hoc committee investigating the activities of Gleb Myshin uncovered that over the past three to four years, a staggering 343 candidates from the Russian Federation seeking Bulgarian citizenship were discovered to have su
As the summer season draws near, the issue of staffing in the tourism sector in Bulgaria comes to the forefront once again, with the workforce having to depend on individuals from foreign countries for yet another year
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022