Bulgaria's Eurozone Aspirations: Fitch Ratings Affirms Positive Outlook
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
Prista Oil, Bulgaria’s biggest producer of brake-fluid and motor oil, has bought Prague-based Chevron Czech Republic for an undisclosed sum, the company announced on Monday.
No further details about the deal were immediately available.
The deal is in line with Prista Oil strategy to expand in Central and Eastern Europe, the Bulgarian company said in a press release.
Under the terms of the deal Prista Oil will continue to develop the Texaco brand in the next five years.
"Our partnership with Chevron is a key element of Prista Oil's strategy for growth and the implementation of its multibrand strategy," Plamen Bobokov, president of Prista Oil's board of directors, said in a company statement.
"We plan to strengthen this partnership and target more of Prista Oil's major markets as early as by the end of the year,” Bobokov added.
In November 2011 Prista Oil Group BV bought Chevron Corp’s stake in a blending plant in Uzbekistan.
Prista Oil bought Chevron’s 50.1% stake in Uz- Texaco, a Fergana, Uzbekistan-based blending joint venture with state-owned Uzbekneftgaz, for an undisclosed price.
Prista Oil has two blending factories in Bulgaria, one in Hungary and one in Turkey.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Along the Southern Black Sea coast, preparations are in full swing for a successful and peaceful summer season, as confirmed by Minister of Tourism Evtim Miloshev following discussions with local authorities and control institutions
As summer approaches, Bulgaria's seaside tourism industry faces a daunting challenge as hotels may remain shuttered due to a severe shortage of staff
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022