|Local real estate fund Bulgaria REIT has reached a preliminary agreement to sell Kambanite Business Centre at the price of EUR 23mn, VAT excluded, investor.bg informs. The facility, which was opened in April 2009, occupies 16,266 sqm in the outskirts of the capital city of Sofia. Bulgaria REIT has assessed the facility in its report at BGN 27.991mn (EUR 14.3mn). The deal is expected to be finalised by the end of this year.
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more