Greek Prime Minister Proposes European Air Defense System Inspired by 'Iron Dome'
Greek Prime Minister Kyriakos Mitsotakis has proposed the establishment of a European air defense system, modeled after Israel's "Iron Dome"
The Bulgarian unit of Greece's Alpha Bank has seized control of Economedia company, the second largest publishing group in Bulgaria, according to media reports.
Economedia assets, including business daily paper "Capital daily", along with the most influential weekly paper - Capital and the business internet site Dnevnik.bg, as well as the headquarters of the publishing house, cars and equipment, have been distrained for the benefit of Alpha Bank, according to the media reports.
The publishing group was reportedly mortgaged for a credit worth nearly EUR 9.5 M.
A loan of over EUR 430 000 borrowed from the bank was due at the end of September, but not paid, according to the reports, a claim that the company vehemently denies.
Economedia is owned by Theodor Zahov (49% stake) and Ivo Prokopiev (51% stake).
"We are at a loss as to why Alpha Bank took these steps," a statement by Economedia Board of Directors, circulated to the media, points out.
Alpha Bank has not issued an official statement yet.
The news comes a year after two of the popular Bulgarian daily newspapers - mainstream paper "Dnevnik" and the economic newspaper "Pari" merged into a new newspaper.
Economedia had made a deal for the transfer of the Pari daily into its portfolio from its owner, the Swedish company Bonnier.
Thus, the print edition of Dnevnik and Pari merged into the new paper, "Capital Daily", which is essentially renaming the paper after Economedia's weekly "Capital".
The first issue of Capital Daily came out on Monday, October 31, 2011, the day after Bulgaria's presidential and local elections.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million
Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026
According to AFP, the Ukrainian army has declared a halt to the Russian offensive in certain areas of the northeastern Kharkiv region
This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia
Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026
In the initial quarter of 2024, Bulgaria's economy expanded by 0.4%, as per an expedited evaluation by the National Statistical Institute (NSI), a slight deceleration from the 0.5% growth witnessed in the final quarter of the preceding year
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU