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 government has submitted to Parliament a draft bill to amend and supplement the Law on the Introduction of the Euro in Bulgaria. The proposed changes aim to improve the regulatory framework related to the dual display of prices for goods and..
The ratio of government debt to gross domestic product (GDP) in EU countries rose to 81.8% at the end of the first quarter of 2025 , up from 81% at the end of the fourth quarter of 2024. This is according to the latest data published today by the European..
If they had the opportunity, 85 per cent of workers in thermal power plants and coal mines in the Stara Zagora, Pernik and Kyustendil regions would remain in the energy sector. These results are from a survey conducted by the Confederation of Independent..
Partly Cloudy
Mostly Cloudy
Partly cloudy, chance of rain