American International Group

Bulgarian service provider Vivacom saw strong growth for its IPTV offering in the year to June. The company's IPTV base rose by 15.6% for the 12 months to June 30, and IPTV now accounts for 47.3% of its total of 456,000 pay TV subscribers.

Brussels, Athens and Piraeus are among the cities London insurance brokers could consider for European Union subsidiaries, with time running out to plan for a hard Brexit, a trade body said on Wednesday.

The Lloyd's of London commercial insurance market is setting up an EU subsidiary in Brussels to start writing business from January 2019.

"The Bulgarian Telecommunications Company" (BTC), operating under the Vivacom brand, and Russian "Gazprom Space Systems" will develop joint ventures, announced the Bulgarian company on Friday.

For 7 days, a lack of Internet connection is causing discomfort to patients in Sofia, who visit the Sofia Health Insurance Fund on various occasions. On Friday, December 22, the last working day before Christmas, a cable was interrupted by the Bulgarian Telecommunications Company (BTC), an Internet provider for the National Health Insurance Fund.

Richard Holbrooke

Ivica Dacic seems to be in charge of making waves these days - after the Kosovo "delimitation" proposal, he has spoken about "Holbrooke's Kosovo letter."

Spas Rusev, the businessman who was transferred the ownership of Bulgaria's renowned Levski football club this year, may be preparing to leave club, sources say.

Rusev got the all shares at Levski earlier this year.

US multinational insurance corporation AIG is withdrawing from the insurance business in Bulgaria as part of its decision to leave several markets.

Earlier in October, it announced it would sell some of its Latin American and Eastern European businesses to Canadian company Fairfax Financial Holdings Limited.

The Bulgarian Competition Protection Commission has given the green light to the acquisition of Vivacom, a key Bulgarian telecoms operator, by Bulgarian businessman Spas Rusev.

Bulgaria's Bulstrad, part of Vienna Insurance Group (VIG), has completed the acquisition of the country's bancassurer UBB-AIG, VIG said on Tuesday.

Simultaneously with the acquisition, a cooperation agreement with United Bulgarian Bank (UBB) has been signed, VIG said in a statement.

The Bulgarian businessman Spas Rusev has reportedly acquired the leading Bulgarian telecommunications company Vivacom after a bidding, which lasted for nearly sixteen hours.

According to media reports, he won the auction by offering EUR 330 M, Darik radio reports.

The other bidder was the Greek businessman Panos Germanos, who is owner of the Olympia Group.