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
HILTON`S DEBT FINANCED BY SOFIA MUNICIPALITY
Business | September 19, 2001, Wednesday // 00:00
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The Sofia Municipal Council decided to finance with USD 75,000 `Company for Luxury Hotels` which is the owner of Hilton hotel. The funding will be extended by the specialized municipal privatization fund. The money will be used to cover the loan provided by the International Finance Corporation /IFC/ for the construction of the hotel. Hilton has started to yield revenue. The amount however is still insufficient to cover the first installment to the IFC. The share of the Sofia municipality in the repayment of the loan amounts to USD 75,740. The Sofia municipality holds 21.67% of the capital in the Company for Luxury Hotels /CLH/ and has committed financial assistance for servicing the debt. The amount has to be repaid for one year. Other shareholders are Glavbolgarstroy /18%/, Hilton International /20%/, and France`s Sibex /40%/.
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