United Group has completed a deal to acquire Bulgaria's largest telecom, BTC. Earlier this year, United Group also acquired TELE 2 Croatia. The deal for the Greek TV and internet provider FORTHNET is about to be finalized, too.
The company will end 2020 with over 10 million users and over 11,000 employees. The European Commission approved the acquisition in April. According to the Financial Times, the deal for Vivacom is worth 1.2 billion euros, making it the largest in Bulgaria's corporate history. Just over 50% of United Group is owned by the Serbian BC Partners, investor.bg recalls. United Group, which is present in all former Yugoslav republics, said it would invest in the renovation of BTC.
During an operation by the General Directorate Combating Organized Crime on February 6, three Bulgarians were arrested for participating in an international criminal group operating on the territory of the European Union. A..
The idea of a price ceiling for basic food products has not yet been discussed with the partners in the ruling coalition. According to Prime Minister Rosen Zhelyazkov, direct state intervention in the market for basic consumer..
Bulgaria has paid 11% of the available funds under the EU's Recovery and Resilience Programme. This is less than 700 million euros for 4 years, Deputy Prime Minister Tomislav Donchev said in parliament. At the end of 2023, a..
Almost 36,000 foreign citizens from 79 countries have obtained the right to work in Bulgaria in 2024, on different kinds of permits, 10,000 more than in..
It is important to the newly-elected government what kind of budget it is going to propose and uphold, and if it garners support in parliament, how it..
On Saturday , the lowest temperatures will be between minus 8 and minus 3°C; in Sofia - around minus 8°C. During the day, sunny..
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