Stability Reigns: Sofia Real Estate Market Thrives Despite Uncertain Times
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’s central bank has given Hungary’s OTP Bank the green light to buy Societe Generale’s Bulgarian businesses, the central bank said in a statement on Wednesday, reports Reuters.
OTP’s Bulgarian unit DSK Bank will incorporate Societe Generale Expressbank AD’s market share of about 6.7 percent, with the cumulative 19 percent making it a contender for the top spot in the country’s banking market.
DSK, which has been profitable since OTP took it over in 2003, is Bulgaria’s second largest lender.
Societe Generale is selling businesses that either lack critical size or potential for synergies, opening the way for growth-hungry and well-capitalised OTP to expand in markets it considers core to its growth strategy.
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