Belvedere Holiday Club - Bansko - Block 4

Belvedere Holiday Club - Bansko - Block 4

Twisted Knee Complex

Twisted Knee Complex


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The first 20 years Max Consult.BG Ltd., Congratulations! 02.6.2023
The first 20 years Max Consult.BG Ltd., Congratulations!

UPDATED Bulgaria\'s First Floating Solar Power Plant Project Unveiled in Sofia 07.3.2023
UPDATED Bulgaria's First Floating Solar Power Plant Project Unveiled in Sofia
SOFIA, 07.03.2023 08:31 | UPDATED 07.03.2023 11:32 (BTA) A major project for building Bulgaria’s first floating solar power plant was presented in Sofia on Tuesday. Construction of the plant in the water area...


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Fuel retailer Eko Bulgaria to buy 7 Tempo Petrol stations

27.3.2008
Eko Bulgaria, part of the Greek petrochemicals company Hellenic Petroleum Group, will buy for an undisclosed amount Tempo Petrol, a minor local fuel retailer.

The deal is pending approval by the Bulgaria anti-trust watchdog.

The regulatory nod, expected in a month at the latest, should not be a problem because Tempo's share of the domestic fuel retail trade is estimated at a scant 1% or less.

Tempo is selling seven of its nine filling stations and one fuel repository. The deal carries a price tag of around 10 mln euro, according to industry experts.

All transacted assets with the exception of one locations are based in Sofia.

Tempo is holding on to its filling station in Sofia residential district Mladost which is believed to account for at least 20% of the value of all Tempo assets. According to unconfirmed reports, Tempo owner Raicho Genov plans to develop redevelop the Mladost site into an office property.

Despite its small market reach, Tempo enjoys comparatively strong brand recognition.

The Greek owners of the Eko chain intend to pump some 150 mln euro in the expansion of the franchise in Bulgaria.

The retailer currently has 50 outlets and a 4% market share which ranks it as the nation's no.5 right after Petrol, Lukoil, Shell and OMV.

Hellenic Petroleum plans to double the number of its filling stations in Bulgaria and boost market share to 10%.

Eko Bulgaria is in the running to acquire the local Opet/Aygaz business of Turkish conglomerate Koc. It is competing with Rompetrol, Lukoil and OMV.
Source: http://news.dnevnik.bg/
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