Every Third Company in Bulgaria Faces Payment Delays
Intercompany debt is a common aspect of the business landscape, both in Bulgaria and Western Europe
By Chris Dziadul
Broadband TV News
The Bulgarian DTH operator Bulsatcom faces the prospect of being fined up to 10% of its turnover by the country’s Commission for Protection of Competition (CPC).
Capital reports that the Commission has launched an investigation into alleged unfair practices by Bulsatcom initiated following a complaint from the National Association of Small and Medium-Sized Cable Operators (NSMSKO) “TV Club 2000”.
The refer specifically to the pricing of two packages – Economy and Standard – with one source saying that nowhere else in Europe are cable and DTH services offered to viewers for as little as EUR 3.5 a month.
The CPC will look at Bulsatcom’s accounts for the years 2010, 2011 and 2012 to see whether or not the two packages were offered for prices that covered the operator’s costs.
In a separate development, Novinite says that following ASO in Bulgaria, which us due to take place at the end of this month, between 350,000 and 1 million people could be left with access to public TV broadcasts due to poor DTT coverage in the countryside.
The assessment was given by Veselin Bozhkov, heads of the Commission for Communications Regulation (CRC), who added that despite this prospect the delayed digital switchover should be completed rather than put back again, with any problems being ironed out later.
Bulgaria is currently involved in a long-running dispute with the EC over the controversial award of multiplex licence.
Broadband TV News, in association with Telenor Satellite Broadcasting, will be holding a Business Briefing in Sofia on Tuesday, October 1 in which these any many more issues will be discussed.
Brazen Bulgarian gangs "terrorise the elderly and rob them over their life savings with increasingly aggressive phone scams nettling millions of euros," according to an AFP story.
The prospect of US President Donald Trump's moving closer to Russia has scrambled the strategy of "balancing East and West" used for decades by countries like Bulgaria, the New York Times says.
Bulgarians have benefited a lot from their EU membership, with incomes rising and Brussels overseeing politicians, according to a New York Times piece.
German businesses prefer to trade with Bulgaria rather than invest into the country, an article on DW Bulgaria's website argues.
The truth about Bulgaria and Moldova's presidential elections is "more complicated" and should not be reduced to pro-Russian candidates winning, the Economist says.
President-elect Rumen Radev "struck a chord with voters by attacking the status quo and stressing issues like national security and migration," AFP agency writes after the presidential vote on Sunday.
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase