Russia's energy giant Inter RAO is seeking to borrow EUR 300 million to fund its planned acquisition of a 73% stake in Bulgarian Marista Iztok 3 (East) thermal power plant from Italian utility company Enel, Reuters reported on Thursday. 

The company's shareholders will meet on 21 February to discuss the proposed loan agreements with Russian lenders Sberbank, Gazprombank and VTB. 

Apart...

German discount retailer Lidl opened on January 27 2011 its second outlet in the Bulgarian Black Sea city of Varna and its first store in Veliko Turnovo in north-central Bulgaria. 

The newly opened unit in Varna is located on the Republica Boulevard, near the store of another German discount retailer, Kaufland, which hints at the extremely aggressive competition on the market, according to sector experts. 

The new additions increase the chain's local network to 19 outlets,...

Bulgarian drug maker Sopharma will acquire Belorussian pharmacy chain Interfarm through its Latvian unit Briz, Sopharma said Thursday without disclosing the deal size.

On January 27, the company completed the first stage of the acquisition by gaining control over 44% of Interfarm's capital, according to the statement.

The Belorussian chain, which reported a turnover of EUR 3.7 million in...

The Technology Innovation Summit: Eastern Europe (TISEE) is an annual gathering of leading technology visionaries, executives, investors, and entrepreneurs. The event is focused on bringing exposure to the Eastern European technology landscape and connecting innovative companies in the region with global leaders in these fields.

There will be a broad set of events including keynotes, interactive panels, networking sessions, and a startup competition focused on emerging technologies, with a particular focus on Financial...