Saudi telecommunications company "Tawal" is in the process of buying 100% of the passive infrastructure of BTC's mobile networks, which are owned by United Group. This became clear after a meeting between Minister of Economy and Industry Nikola Stoyanov and Mohammed Al-Hakbani, CEO of "Tawal". The company is a subsidiary of the Saudi Telecom Company (STC). This would be the largest Saudi investment in Bulgaria totaling about 1.2 billion euros, the ministry announced.
On April 20, Tawal and United Group signed an agreement for acquisition of BTC's passive infrastructure, with United Group selling 100% of its passive mobile network infrastructure in Bulgaria, Croatia and Slovenia to Tawal. 60% of the acquired assets under the deal are in Bulgaria.
The price of electricity for households could increase by nearly 9% starting next year, according to estimates by the Energy and Water Regulatory Commission. This means that with an average consumption of nearly 400 kilowatt-hours, the monthly bills..
The leadership of the Confederation of Independent Trade Unions in Bulgaria (CITUB) insists that a national subsistence wage be introduced in Bulgaria, with the minimum wage in the country reaching at least 80% of the subsistence wage by 2027. According..
In the period January - September 2024, exports of goods from Bulgaria to the EU decreased by 3.6% compared to a year earlier and amounted to 20.895 billion euros. The main trading partners are Germany, Romania, Italy, Greece and..
The highest average salary in Bulgaria is in Sofia - 1732 euro, and the lowest in Smolyan - 826 euro. These are the data from the National Statistical..
Bulgaria’s Minister of Finance Temenuzhka Petkova said that the turnover of large retail chains in Bulgaria decreased by 28.8% on the day of the boycott..
Monthly inflation in the country was 2% in January and annual inflation was 3.7%. This is according to preliminary data from the National Statistical..
Cloudy
Overcast, rain
Cloudy
Occasional showers
Partly cloudy, chance of rain