Winning bidder for TV license fails to make first payment, withdraws from contention

The government was licking its wounds Monday after Yiannis Kalogritsas, one of four winning bidders in a recent auction of nationwide television licenses - and under increasing public scrutiny over his suitability as a candidate - withdrew from contention after his company was unable to pay the first installment of the license fee on time.

Bulgarian Businessman Reportedly Acquires Vivacom for EUR 330 M

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.

Government vehicles on sale through public bidding

BELGRADE - Vehicles owned by various government bodies and agencies are currently on sale through public bidding at Palata Srbija in Belgrade.

According to head of the property affairs of the Property Directorate Ljiljana Matovic, the sale on Thursday involves 40 vehicles out of the total of 510 that were put up for auction through government decisions from March 14 and 17.