MLS Expands in Bulgaria
MLS on Wednesday announced its entry in the Bulgarian market, the third foreign market where it establishes activities after Cyprus and Serbia. MLS said it planned to play a significant role in the Bulgarian market (it has a population of 7.0 million) and has prepared the MLS Easy, MSL Safe and MAIC in the Bulgarian language. MLS has already signed an agreement with Innovo BG Ltd for the distribution of its products in the market and was in advanced negotiations for cooperation with all three mobile telephony providers in Bulgaria (Vivacom BTC, Telenor Bulgaria and A1 Bulgaria), operating a network of 600 stores. MLS will also sell its products through Technomarket Bulgaria, a retain chain with 40 stores in the country. Srcko Service will offer after sales services. MLS expects to record double-digit growth rates in 2019, with exports accounting for double-digit percentage of total sales.