50 Years Ago: China Launches Bulgarian Language Radio Broadcasts
In a testament to enduring friendship, this year marks the 75th anniversary of the establishment of diplomatic relations between Bulgaria and China
Bulgaria's privatization agency sealed the deal to sell cigarette maker Bulgartabac to a unit of Russia's VTB Bank on Tuesday, before the competition watchdog delivers its ruling.
The document for the purchase of a 79.8% stake in the Balkan country's dominant tobacco company was signed on behalf of the Russian bank by Alexandra Doychinova.
BT Invest, owned by Russia's second-largest bank VTB , won at the end of August a tender to buy a 79.8% stake in Bulgartabac for EUR 100 M.
The contract bans the resale of the holding in the next ten years, a condition which can be skipped through a change in the ownership of BT Invest, analysts say.
Austria-registered BT Invest, behind which stands Russia's second-biggest bank VTB, remained the only bidder for the Bulgarian tobacco monopoly after British American Tobacco and Austria-based CB Family Office Service dumped the sale.
The deal has sparked protests by Bulgartabac workers, who oppose the sale of the cigarette maker to the only remaining bidder in the public procurement procedure and insist that the Governing Board rejects the offer.
Two of the less profitable plants of Bulgartabac holding - in the cities of Plovdiv and Stara Zagora - were sold in 2009 through the Sofia Stock Exchange - for BGN 31 M and BGN 18 M respectively.
The holding currently owns the two larger and more consolidated factories in Sofia and Blagoevgrad as well as a number of commercial brands.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Online gambling and casinos are becoming quite the attraction for players and enthusiasts alike.
Online sports betting has taken the world by storm, offering enthusiasts an exciting way to engage with their favorite sports.
In response to the ongoing war between Russia and Ukraine, the European Commission has greenlit a significant aid package for Bulgarian farmers, totaling approximately 86.9 million euros
If you compare today's casino experience with two decades back, you can tell that a lot has changed.
Game distributors and casino sites want to be as accessible and user-friendly as possible.
The early decades of the 21st century have presided over huge changes in both society and technology, so much so that it is difficult to imagine what parts of the world today will survive to be distilled into the history books.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022