Swiss-based Credit Mediterranee, owned by former president of the Republic of Kalmykia, Kirsan Ilyumzhinov, has bought a majority stake in Petrol Holding, investor.bg reported. The shares have been bought from Denis Ershov (47.5%) and Aleaxnder Melnik (5%). Petrol Holding owns 55.48% of the capital of local fuel retailer Petrol AD, trading on the local bourse (ticker: 5PET). |
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
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more