Bulgaria's Borissov Calls for Suspension of Media Grants Amid Budget Controversy
Boyko Borissov, leader of GERB, escalated his criticism of Bulgarian media outlets receiving grants today, calling for the suspension of such funding
Britain’s Pearson has sold the Financial Times newspaper to the Japanese media group Nikkei for some USD 1.3 B in cash, the two companies said on Thursday.
Pearson, which has owned the FT for nearly 60 years, has decided to sell the UK’s best-known business newspaper because it has reached "an inflection point in media, driven by the explosive growth of mobile and social,” Pearson CEO John Fallon said in a statement.
“In this new environment, the best way to ensure the FT’s journalistic and commercial success is for it to be part of a global, digital news company," Fallon added.
The deal won’t include Pearson’s 50% stake in the Economist magazine or the FT’s headquarters on the banks of the River Thames in London.
Fallon said that Pearson will now be fully focused on its global education strategy.
“The world of education is changing profoundly and we see huge opportunity to grow our business through increasing access to high quality education globally.”
Nikkei chairman and CEO Tsuneo Kita said in a separate statement they are "extremely proud of teaming up with the Financial Times, one of the most prestigious news organizations in the world.”
“Our motto of providing high-quality reporting on economic and other news, while maintaining fairness and impartiality, is very close to that of the FT,” Kita said.
In 2024, labor inspectors in Bulgaria carried out a total of 6,682 inspections in the construction sector, representing 13% of the overall 49,858 inspections conducted across all industries
According to a study presented to MPs by Prof. Emilia Chengelova, from the Institute of Philosophy and Sociology at the Bulgarian Academy of Sciences, the shadow (grey/informal) economy in Bulgaria remains high at 33%
A recent survey by digital payments company Visa reveals that most Bulgarians planning a winter vacation prefer to pay digitally at ski resorts
the last quarter of 2024, the proportion of properties purchased with mortgage loans in Bulgaria grew to 27%, or roughly every third property
Bulgaria's labor market remained stagnant throughout 2024
Retail sales across the European Union showed a decline in December, with both the eurozone and the EU reporting decreases
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