Greek insurer mulls Bulgarian expansion

Greek insurer mulls Bulgarian expansion

The insurance arm of Greek financial group Aspis plans to set foot on the Bulgarian market through the acquisition of a local competitor, reports the Greek press. The Greek group is also interested in taking a stab at the Bulgarian banking market. Aspis may enter the Bulgarian market as soon as '08. The Greek company plans to expand in Serbia as well. It is already active in Cyprus, Germany and Sweden.