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Sweden - Southeast Europe News Site

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to the news site of the Chamber of Commerce for Sweden - Southeast Europe in cooperation with Business Sweden and Governments and Organisations in SEE.

Macedonia’s tourist potential

Macedonia Posted on Sun, November 15, 2015 19:52:06

Macedonia’s foreign
tourist arrivals rise 23% y/y in September

November 12, 2015, 4:28pm GMT

The number of foreign tourists visiting Macedonia
increased 22.9% y/y to 60,461 in September, accelerating from a 20.8% y/y
growth in August, data from the statistics office showed. Most tourists came
from Turkey (11,660), the Netherlands (6,096), Serbia (4,744), and Poland
(2,957).

The number of foreign tourist overnights grew 24.3%
y/y to 131,864 in September, and stays of domestic tourists increased 3.8% y/y
to 52,398. The total number of overnights thus rose 17.7% y/y to 184,262.

In January-September, the total number of tourists
climbed 11.2% y/y to 672,286, and their overnight stays went up 9.1% y/y to
2.08mn. The number of foreign tourists rose 15.4% y/y to 396,371, and their
overnights grew 13.4% y/y to 860,057.

Source: Bne
Intellinews



Three potential buyers bid for Bulgaria´s Vivacom

Bulgaria Posted on Sun, November 15, 2015 13:51:51

Three potential buyers have placed binding bids for Bulgaria’s Vivacom by Thursday’s deadline as reported by the Sofia news agency novinite.com.
One of the candidates is Greece’s Olympia group backed by U.S.-based hedge fund firm Third Point. Olympia is controlled by Panos Germanos, the company’s founder and main shareholder. Third Point LLC is an investment adviser based in New York and founded by Daniel Loeb, who serves as its CEO.

The second offer was submitted by Marc Schneider, co-founder of European cable group UPC, financially backed by U.S.-based private equity fund CVC.

The third candidate is Bulgarian-born and UK-based entrepreneur Spas Roussev. His offer is expected to be financially backed by VTB Capital, the investment-banking arm of Russia’s second-largest bank VTB.

VTB Capital is currently a security agent for a EUR 150 M bridge loan to Luxembourg-based InterV Investment, the indirect holding company of the largest telecommunications company by revenue in Bulgaria. The funding was secured via a Luxembourg share pledge over 100% of the shares in Vivacom owned by InterV Investment.

An auction will be held in London next Thursday for 100% of the shares of InterV Investment, which defaulted on loan repayment at the the maturity of the financing in May 2015.
Read more in novinite.com.