The Sofia-based company that not only has a predominant place on Bulgaria’s newspaper market but also is close to the ruling axis is selling its publications to an Irish company, according to a statement that took observers of Bulgaria’s media landscape by surprise when it was issued on April 11.
New Bulgarian Media Group Holding, officially listed as solely owned by Irena Krasteva, said that on April 11 it had finalised a framework agreement on selling the holding’s print editions to Media Maker Limited, owned by Irish national Patrick Halpenny.
Krasteva is the mother of Delyan Peevski, the controversial figure whose election as head of the State Agency for National Security (SANS) in June 2013 unleashed continuing months of public protests demanding the resignation of the government appointed a month earlier on the basis of a mandate handed to the Bulgarian Socialist Party.
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(Photo: Brano Hudak/sxc.hu)