Sat, Jul 04 2009
Nordic telecommunications operator TeliaSonera AB opened its first office in Sofia, the company said in a statement, quoted by Forbes. The move is part of the company's plan to expand its IP network in Eastern Europe.
"Our Sofia point of presence is a tangible sign of our belief in the Eastern European market," TeliaSonera vice-president Malin Frenning said.
Bulgaria is among the fastest developing economies in the European Union and, naturally, it was in need of good Internet solutions, he added.
A POP is a internet exchange point housing servers, routers, ATM switches and other network hardware. It allows a long distance carrier to make connections into a local network.
TeliaSonera is the entity created after the 2002 merger of Telia of Sweden and Sonera of Finland.
Mobile operator Cosmote Romania agreed the acquisition of smaller local rival Zapp Mobile for 207 million euro on June 30, after months of negotiations.
The intergovernmental agreement for the Nabucco natural gas pipeline will be signed in Ankara on July 13, it emerged on July 3.
Bulgaria has low taxes, low labour costs and a lot of wind – a good combination for any company seeking to develop wind parks.
On June 5 2009, US ambassador Nancy McEldowney launched the first US-Bulgarian partnership dedicated to Information Technology and Innovation.
Bulgarian car parts manufacturers have been affected by the recession, but are optimistic about their future.