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.
We are moving towards the option of not having a quickly adopted budget for 2025, Lachezar Bogdanov, chief economist from the Institute for Market Economics, told BNR. In presenting the institute's alternative state budget, the..
Bulgaria and India will intensify their cooperation in various sectors of mutual interest. This was discussed at a meeting of the Bulgarian Minister of Economy Petko Nikolov with Ambassador of India to Bulgaria H.E. Sanjay Rana. The two focused..
On October 31, 2024, 10 business leaders in Bulgaria founded the first Bulgarian-Czech Chamber of Commerce in the country. At the Embassy of the Czech Republic in Sofia, in the presence of Martin Dvořák, Minister of European Affairs of the Czech..
The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by..
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