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
Stein Erik Vellan will be named CEO of Telenor recently acquired Bulgarian operation, Globul, the company announced.
Stein-Erik Vellan is currently head of mobile at Telenor Norway and previously served as CEO of Telenor Serbia and managing director at the company's Indian unit Uninor. He will take on his new role once Telenor's acquisition of Globul is finalised, probably in the third quarter of this year.
The Norwegian incumbent in April agreed to buy Globul and retailer Germanos from Greece's OTE for EUR 717 M.
In its latest announcement the company said it has received European Commission approval for the deal.
"We are pleased that Mr. Stein-Erik Vellan will become Globul's new CEO," said Kjell Morten Johnsen, EVP and head of Europe at Telenor, in a statement.
"I am confident that his experience as former CEO of Telenor Serbia and regional knowledge will benefit Globul in further developing the company's position as the country's second-largest mobile operator," he added.
According to Telenor, Globul claims a 36% share of Bulgaria's mobile market, its subscriber base numbering 4.5 million at the end of last year. Globul and Germanos together generated EUR 378 M in revenues in 2012 and EBITDA of EUR 135 M.
In Central and Eastern Europe, Telenor Group is currently present in Hungary, Serbia and Montenegro.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
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
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
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 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, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022