The day in 3 news: Luxembourg consultants win Serbian gas link, New state aid program for tour operators, Superhosting acquires assets of ICN.bg

Zara Kiziryan, manager of local Canpipe

The day in 3 news: Luxembourg consultants win Serbian gas link, New state aid program for tour operators, Superhosting acquires assets of ICN.bg

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Zara Kiziryan, manager of local Canpipe

© Надежда Чипева


Days before the G7, NATO, and US-EU global summits, a survey shows that Europeans increasingly doubt the EU's ability to manage crises. Most in France, Germany, Italy, Spain, and Austria now believe that the European project is "broken". In Bulgaria, just under half of the participants say that the EU system works well. The authors point out that if EU leaders fail to address this perceived ineffectiveness, they could be undermining the legitimacy of the union.

Luxembourg consultants win Serbian gas connection tender worth 164m levs

An enterprise with owners based in Luxembourg, little experience in the industry, a modest turnover of 379,000 levs, and an accounting loss of 58,000 for 2019, has ranked first in the tender for the construction of the gas connection between Bulgaria and Serbia. The Canpipe consortium, which includes a branch of the Canadian company Canpipe Industries International Inc. and its eponymous Bulgarian company, won with a price offer of 164 million levs - not the lowest one offered in the tender.

Canpipe is little known in Bulgaria, working on just one other Bulgartransgaz project. It has nothing in common with Canadian giant Canpipe Limited. Instead, company registers reveal connections with businessman Alexander Staliyski - who is close to Boyko Borissov and Delyan Peevski.

Tour operators can apply for new state aid program worth 16 million levs

As of July 1, local tour operators will be able to apply for state aid in a new government program aiming to reimburse customers for planned but later canceled travel during the pandemic from March 1 to December 31 of last year. The available amount (16 million levs) will be distributed based on turnover, capped at the amounts due to customers. This is the new program that the government wants to use to aid the sector that faced some of the worst economic repercussions because of the pandemic.

Superhosting acquired the assets of competitor ICN.bg

The Bulgarian hosting company Superhosting - acquired by the European group Team.Blue last year, has bought the assets of ICN.bg, the second largest firm in the local market for hosting services. The value of the deal was not specified. Thus, within a year, the Belgium-based Team.Blue managed to consolidate the market for hosting services in Bulgaria. The transaction is for the acquisition of the company's assets, not its shares.

Days before the G7, NATO, and US-EU global summits, a survey shows that Europeans increasingly doubt the EU's ability to manage crises. Most in France, Germany, Italy, Spain, and Austria now believe that the European project is "broken". In Bulgaria, just under half of the participants say that the EU system works well. The authors point out that if EU leaders fail to address this perceived ineffectiveness, they could be undermining the legitimacy of the union.

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