Bulgaria: A 29-year-old Man Died in a Car Crash - An Injured Baby is in a Hospital
One person died, five are hospitalized, among them a 10-month-old baby and two boys aged 12 and 15, after an accident on the Pazardzhik-Belovo road
The German carmaker Opel will be bought by Austrian-Canadian Magna International.
The deal was announced Saturday by a German state-owned television, CNN reported.
The Austrian-Canadian firm will buy a majority stake from Opel's US parent company General Motors.
"I can tell you that a solution has been found. The state-guaranteed transitional credit for Opel has been arranged", Finance Minister Peer Steinbrueck said early Saturday after a meeting with the dealmakers.
In exchange for Magna investing in Opel, the German government will provide a USD 2,1 B bridge loan to GM to keep Opel in business, Steinbrueck further explained.
Financially strapped General Motors is Opel's parent company. GM is expected to declare bankruptcy as soon as Monday.
Earlier Friday, Italian car giant Fiat pulled out of talks on the future of Opel, saying it was unwilling to provide the kind of emergency funding the German government was seeking.
German officials have said that if no qualified investor is found, the government is prepared to allow Opel fall into insolvency.
Any bidder for Opel would also be buying GM's European operations. That means the outcome of the talks would have a direct impact on GM's other operations across the continent, including plants in Europe, and the Vauxhall car brand in Britain.
Boyko Borissov, leader of GERB, defended the government’s progress on Bulgaria’s path to the eurozone
Bulgaria could adopt the euro as its official currency from January 1, 2026, if it successfully meets the necessary criteria for joining the eurozone
The municipal councils in Kozloduy and Krivodol have become the first in Bulgaria to implement dual pricing for municipal services, taxes, and fees
According to a recent survey by the European Investment Bank Group (EIB), nearly 80% of Bulgarian companies have taken steps to reduce their greenhouse gas emissions
Ukraine's parliament, the Verkhovna Rada, has passed a law allowing the purchase of two Russian-made nuclear reactors originally intended for Bulgaria's Belene Nuclear Power Plant
Bulgaria’s draft budget for 2024 raises questions about its realism and whether it is a mere strategy to appease the European Commission and the European Central Bank
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability