Old story of new Familia

The Sofia-based fast moving consumer goods retailer undergoes third ownership change

Long awaited repairs

Flannagan’s will be replaced by a French brasserie as part of a 10 million euro Radisson renovation

Water deal

Advent International will pay a premium of 40 per cent over Devin’s traded price

Pleasing the Germans

The most important foreign market for Bulgaria’s summer tourism is set for a 10 per cent drop

Tied in a knot

Hundreds of companies across a number of sectors will suffer in case of a poor summer tourist season

Sweet water

Austria’s Soravia Group puts Devin water bottling company up for sale with no shortage of candidates

Brief summer

Doomsayers have been predicting the downfall of Bulgaria’s tourism sector for years. This summer, their forecasts could come true

New stars

Four luxury hotel chains eye Bulgaria

Tourism twister

The latest amendments to the Tourism Act are causing more problems than solutions

For years now, tourism in Bulgaria has been on an odyssey. First it was regulated by a commission, then it was under the aegis of the Economy Ministry and, after a short stint with the Culture Ministry, it returned to the Economy Ministry as an agency, before being upgraded to a state agency reporting to the Prime Minister. The same chaos reigns in the Tourism Act, which has been amended 15 times in the past six years, while the previous law was patched up more than 30 times.

Evropa goes Lithuanian

Hristo Kovachki is in talks to sell the supermarket chain to the owners of T-market

Hristo Kovachki, the Bulgarian business tycoon, will sell supermarket chain Evropa to Lithuanian company Maxima, owner of the rival T-market chain in Bulgaria. The two companies have signed a preliminary contract and have asked the competition regulator to approve the deal.The sale will only affect the commercial side of business, with Kovachki retaining ownership of the assets, while the retail chain itself