Press group WAZ may exit Bulgaria.

By bne IntelliNews August 3, 2010
German press group WAZ is considering exiting the countries from South-East Europe, including Bulgaria, local media reported, quoting an interview of CEO Bodo Hombach for German business daily Handelsblatt. WAZ does not see good opportunities for development in the region and does not plan further expansion. However, the group will sell its business in the region only in case of good proposals. WAZ has already announced its exit from Serbia. It owns newspapers also in Bulgaria, Croatia, Macedonia, and Romania. In Bulgaria, it runs the two leading daily newspapers with national coverage, Trud and 24 Hours.

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