FlixBus Expands Routes from Bulgaria: New Connections to Thessaloniki, Athens, and More
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
IT Giant with Business in Bulgaria Plans to Increase its Capitalization by EUR 90 Billion
Business | April 11, 2019, Thursday // 12:50
- Tweet
Send to Kindle
The largest European technology company SAP, which has an office in Bulgaria, will aim to reach a market capitalization of between $ 250 and $ 300 billion by 2023. This was confirmed by CEO Bill McDermott to German media, quoted by Reuters.
He commented that as of 2010 when he took office, the company's capitalization rose from 45 billion to 140 billion euros.
"By measuring the market valuation of cloud service providers, we have potential in our portfolio for an additional $ 90 billion capitalization," McDermott told Frankfurter Allgemeine Zeitung.
"By 2023, we plan to increase our capitalization between $ 250 billion and $ 300 billion," he said.
SAP is in the middle of its business restructuring plan announced in January. It includes the release of 4400 employees.
The company's shares lost 5 percent of its value for the past week, falling from its 6-month high on April 4. Then they jumped to 104.88 euro unit price.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Russian Forces Capture Strategic Village of Ocheretyne in Donetsk Region
In a significant development, the Russian army has seized control of the pivotal village of Ocheretyne in the Donetsk region of Ukraine, a strategic location crucial for Ukrainian defense efforts
Business | April 24, 2024, Wednesday // 16:10
Bulgaria Sees Surge in Lamb Prices as Retail Costs Rise
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
Russian Nationals Accused of Falsifying Documents for Bulgarian Citizenship
In a concerning revelation, the ad hoc committee investigating the activities of Gleb Myshin uncovered that over the past three to four years, a staggering 343 candidates from the Russian Federation seeking Bulgarian citizenship were discovered to have su
Business | April 23, 2024, Tuesday // 16:35
Bulgaria's Tourism Sector Pushes for Extension of Work Visas from Third Countries
As the summer season draws near, the issue of staffing in the tourism sector in Bulgaria comes to the forefront once again, with the workforce having to depend on individuals from foreign countries for yet another year
65.3% of Bulgarian Workers Earn Below Subsistence Level
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
