Hyundai To Sell Bulgaria Subsidiary For $24.5 Million

South Korean electrical equipment maker Hyundai Electric said that it has decided to sell its unit Hyundai Heavy Industries Co. Bulgaria for $24.5 million (22.1 million euro).

Hyundai Electric decided to go through with the asset sale in order to improve its financial structure, the company said last week in a filing to the South Korean stock exchange.

Heavy Industries Co. Bulgaria specialises in the production of transformers and tap changers.

Read More

Bulgaria Has The Highest Credit Rating In The Balkans

Bulgaria has reached the highest credit rating in the Balkans. This was stated by Finance Minister Vladislav Goranov. Minister Goranov commented on...

Bulgaria’s Richest Woman Made BGN 10.6 million last year

BGN 7.5 million taxable income is the highest declared annual income for last year, it became clear from the NAtional Revenue agency's tax return...

Bulgarians To Spend 56% Of Monthly Salary During The Summer

Bulgarians are ready to spend 56% of their monthly salary for summer holidays, according to a study by Feratum Group. It examines...

Recent

7 Bulgarian Companies Among EU Top 1000 Fastest Growing

Seven Bulgarian companies have found their place in the annual ranking of the prestigious business magazine Financial Times, which ranks companies for...

Bulgarian Visas To Be Available In 15 Indian Cities

Deputy Prime Minister and Minister of Foreign Affairs Ekaterina Zaharieva met with Indian Foreign Minister Sushma Swaraj. This is the first visit to India by a Bulgarian...

EIG To Buy Ukranian Insurer

Bulgarian insurance company Euroins Insurance Group (EIG) said on Tuesday it has signed an agreement to acquire Ukrainian travel insurance company ERV, owned by...