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IRIS 2010-6:1/13 [BG] Completion of the Transaction for the Sale of the First Private TV in Bulgaria

On 20 April 2010, the transaction for the acquisition of the bTV media group by Central European Media Enterprises Ltd. (CME) was completed (see IRIS 2010-4: 1/10). It involves the leader in the television market in Bulgaria bTV, the cable channels bTV Cinema and bTV Comedy, as well as a few radio stations. The cost of the transaction amounts to USD 400 million plus the payment of USD 13 million working capital. By its Decision No. 385 of 8 April 2010 the Commission on the Protection of Competition permitted the acquisition of direct unilateral control on the part of CME Media Enterprises B.V....

IRIS 2010-6:1/12 [BG] Licence for Digital Broadcasting of Public Television

On 24 March 2010 the Council for Electronic Media (CEM) issued to the Bulgarian National Television (BNT) a licence for the operation of television activities: the creation of a programme offer for terrestrial digital broadcasting by means of electronic communications networks of companies, to which the Communications Regulation Commission has issued a permit for the use of individually-defined scarce resources (radio frequency spectrum for carrying out electronic communications through terrestrial digital radio broadcasting, see IRIS 2009-5/12). The licence is issued for a programme called BNT...

IRIS 2010-6:1/11 [BG] Electronic Communications Act Amended

The Electronic Communications Act was amended (published in the State Gazette, issue No. 27 of 2010, effective as of 9 April 2010, see IRIS 2010-3: 1 and IRIS 2009-5: 9) in relation to the personnel of the Communications Regulation Commission, which was reduced by four members. Pursuant to Article 22 of the Electronic Communications Act the Communications Regulation Commission is a collective body comprised of five members including a chairman and a vice-chairman. Pursuant to §6 of the conclusive provisions of the Act on the Amendment and Supplementation of the Electronic Communications Act the...

IRIS 2010-5:1/11 [BG] Tax Credit for Film Producers Has Been Postponed

On 27 January 2010 the President of the Parliamentary Commission and other members of the Bulgarian Parliament filed a proposal for Закон за филмовата индустрия (amendments to the Film Industry Act, see: IRIS 2004-1: Extra) as a measure to stimulate film production in Bulgaria. According to the draft, every producer who is recorded on the register of film producers of the Изпълнителна агенция Национален филмов център (National Film Centre, an Executive Agency of the Ministry of Culture - NFC), can apply for a certificate for tax credit within 3 months after having finished their activity of film...

IRIS 2010-5:1/10 [BG] New Administrative Regime Concerning On-demand Media Services Established

With the latest amendments to the Radio and Television Act, published in State Gazette No 12 dated 12 February 2010, a new administrative regime was established concerning on-demand media services. Persons who intend to provide on-demand media services shall notify the Council for Electronic Media according to a model which shall include: 1. The identification data concerning the person providing on-demand media services: name (firm), seat and registered address as well as the unified identification code; 2. A short description and the basic parameters of the on-demand media services provided; 3....