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.
The likelihood of Bulgaria joining the eurozone on 1 January 2026 is growing by the day. The country would become the 21st EU member to adopt the single currency. The signals are coming both from the Bulgarian government, which has repeatedly stated..
The Bulgarian National Bank (BNB) has again reduced the key interest rate in the country . As of May 1, it will now be 2.24 percent. The decrease compared to April is 0.15%, when it was 2.39 percent. This is the eighth consecutive month of a decrease in..
An analysis by the Ministry of Economy and Industry shows that in 2024, Bulgaria's trade with the United States accounted for 1.7% of the country’s total trade volume, with exports to the U.S. making up 2.6% of total exports and imports from the U.S...
Bulgaria's main trading partners are Germany, Romania, Italy, Greece and France, which account for 62.5% of exports to EU Member..
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