The Czech PPF Group and the Arab Emirates Telecommunication Group Company (e&) have signed an agreement that e& will acquire 50% stake plus one share in PPF Telecom's assets in Bulgaria, Hungary, Serbia and Slovakia. The investor pays 2.15 billion euros in advance, plus 350 million upon finalization of the deal in early 2024.
In 2018, PPF bought the telecommunications assets of Norwegian telecommunications company Telenor in Bulgaria, Hungary, Montenegro and Serbia for EUR 2.8 billion. PPF Telecom is part of the business empire of the Kellner Family, which has $12.1 billion in assets, according to Bloomberg. The e& deal does not cover some of the seller's core assets in Czechia.
In 2024, the average gross annual salary in Bulgaria is 27,881 BGN (EUR 14,255), according to preliminary data from the National Statistical Institute. Compared to 2023, this marks an increase of 13.9% , with the public sector seeing an increase of..
The Bulgarian National Bank (BNB) has posted, to its website, the answers to important questions connected with the adoption of the euro and the country’s entry into the Eurozone. The official BGN to Euro exchange rate is fixed, with the Lev..
89% of German investors in Bulgaria would choose Bulgaria again for their investments . This is indicated by a study by the German-Bulgarian Chamber of Industry and Commerce conducted in 2024. Germany continues to be a key partner of Bulgaria in terms of..
The Bulgarian National Bank (BNB) has posted, to its website, the answers to important questions connected with the adoption of the euro and the..
89% of German investors in Bulgaria would choose Bulgaria again for their investments . This is indicated by a study by the German-Bulgarian Chamber of..
The euro area annual inflation rate was 2.5% in January 2025, up from 2.4% in December 2024. In Bulgaria, it accelerated more sharply in January to 3.8%..
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