Austrian oil and gas major OMV is reportedly considering selling its refineries and filling stations in Bulgaria, Czech Republic, Hungary, Slovakia, Bosnia and Herzegovina, Reuters informed. The company will use the proceeds to finance its more profitable natural gas production unit. OMV entered Bulgaria in 1998. It runs 87 OMV filling stations and 5 Avanti filling stations. |
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