Category Archives: Business

Telenor Sells Eastern European Division for €2.8 Billion

Norwegian based telecom company Telenor sold its eastern European branch to the Czech based PPF Group for €2.8 billion. The deal is part of Telenor’s efforts to bring its focus to Asia and Scandinavia. Specifically, Telenor is selling its mobile networks in Hungary, Bulgaria, Montenegro and Serbia. They are also unloading a small technology company….

Qatar Airways Continuing to Open ME to EE

Promising to further expand its reach into Eastern Europe, Qatar Airways will further expand its network of routes from the Middle East. The airline’s latest move is the introduction of a route from Doha, the capital of Qatar, to Sarajevo, the capital of Bosnia and Herzegovina. It is the company’s fourth route to the area,…

Car Makers Looking to the East for Growth

The IAA auto show is underway in Frankfurt, and car manufacturers are facing east in the expectation that that is where sales will continue to expand. Eastern Europe is buying up cars at a fast pace, and has been for the past few years as the population’s affluence grows. In Poland sales rose by 15.5%…