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The competition watchdog of Bulgaria has given the green light for a Dubai-registered offshore company to acquire consumer electronics retailer Technomarket.
TGI Middle East FZE is also the entity which several months ago bought a stake in Bulgarian tobacco holding Bulgartabac, purchasing shares from controversial MP Delyan Peevski and Italian businessman Edoardo Miroglio.
Peevski's company NSN Investment, which he co-owns with his mother Irena Krasteva, got a full hold of Technomarket earlier this year.
The consumer electronics retail chain has some 60 stores across the country.
Earlier this month, the Sofia City Prosecutor's Office indicted Nikolay Kitov, the son of Technomarket's former owner who bears the same name, over BGN 4.23 M in losses incurred by the company at the time he was its Senior Product Manager.
His father was wanted in Italy over alleged tax fraud.
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A break-in occurred at the Bulgarian consulate in Dubai, as reported by the Ministry of Foreign Affairs.
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In a pivotal moment for the Movement for Rights and Freedoms (DPS), Delyan Peevski and Dzhevdet Chakarov have been elected as co-chairmen of the party during a national conference held in Sofia on Saturday
Delyan Peevski, head of the Movement for Rights and Freedoms (DPS) parliamentary group, has openly criticized Prime Minister Nikolai Denkov, accusing the government of failing to manage the aftermath of heavy snowfall in the country
As Bulgaria stands on the verge of adopting the euro, the country faces a sharp rise in counterfeit banknotes
In the first quarter of 2025, Bulgaria experienced one of the steepest increases in house prices across the European Union
The 2025 edition of Coface’s annual survey on payment discipline among German companies reveals a further decline in payment behaviour
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At a briefing, Finance Minister Temenuzhka Petkova expressed optimism that Bulgaria is on track to meet the eurozone’s price stability criterion once again in June
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