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.
Bulgaria’s industry is being transformed in the direction of high added value productions, reads an analysis by the Institute for Market Economics. This tendency is best manifested in computer science, electronics and optics which account for the..
Acceleration of inflation to 1.1% in October compared to the previous month was registered by the National Statistical Institute. On an annual basis, the index is 1.8 percent. In October, the prices of goods and services for..
A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and Social Policy for introducing a new mechanism to determine the minimum wage. This is happening a day..
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