SKOPJE, Macedonia (AP) - Ibrahim Cevahir, Turkish investor and owner of 'Cevahir Holding', speaks during a cornerstone ceremony for construction of four skyscrapers and shopping mall, in Skopje, Macedonia, Monday, July 16, 2012. The construction site that measures about 280.000 square meters (3.000.000 square feet) will consist of four towers with 42 floors each 130 meters (427 feet) tall with business space, shopping mall, and providing residence to 5,000 people. This is the largest construction of residential buildings ever launched in Macedonia worth euro 300 million (367 million US Dollar) and will be completed in three years by Turkish company 'Cevahir Holding'.
The creditors of the Bulgarian telecommunications operator Vivacom have given up on its sale, Turkish mobile phone operator Turkcell, which had emerged as the preferred buyer, announced, confirming earlier media reports. "We received an official letter informing us that the sellers of BTC have aborted their efforts to find a buyer. Turkcell will continue to evaluate acquisition opportunities for similar buyouts," Chief Executive Officer Sureyya Ciliv said at a press conference.