Bulgaria

Acute labour shortages limit GDP growth in CEE countries

bne IntelliNews August 13, 2018

Colliers International warns of limitations to GDP growth and a threat of recession if the labour force squeeze caused by low unemployment and high emigration continues.

Czech CEZ reportedly sues Bulgaria over banned asset sale

Denitsa Koseva in Sofia August 7, 2018

In July, the CPC ruled that the highly controversial sale of CEZ's assets to local firm Inercom could not be completed as it would give the buyer excessive power on the photovoltaic electricity market.

Leading Hungarian lender OTP to acquire Bulgarian, Albanian units of Societe Generale

bne IntelliNews August 2, 2018

The deal fits well with OTP's strategy to prioritise foreign expansion and grow in the Central and Southeast European markets where it is already present but has a small market share.

CEZ mulls selling Bulgarian assets to India Power Corporation

Iulian Ernst in Bucharest July 24, 2018

Czech utility CEZ is likely to have to seek a new buyer after its original deal to sell assets that include one-third of Bulgaria’s electricity distribution to a small local firm was blocked by regulators.

EU finance ministers back Bulgaria’s ERM2 entry

bne IntelliNews July 15, 2018

Sofia has already pledged to strengthen its banking sector and join the European banking union in order to secure its much desired membership of the Eurozone waiting room.

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