Bulgaria's National Palace of Culture to Become Public Company

Business » PROPERTIES | May 4, 2011, Wednesday // 14:40| Views: | Comments: 0
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Bulgaria: Bulgaria's National Palace of Culture to Become Public Company File photo of the National Palace of Culture

The Bulgarian National Palace of Culture (NDK) in downtown Sofia is to become a public company, the country's Council of Ministers decided Wednesday.

NDK will be a state company, initially within the Ministry of Finance, Finance Minister Simeon Djankov has explained. It will stay within the Ministry until a financial audit covering its last 10 years is carried out.

NDK is the largest multifunctional congress, conference, convention and exhibition center in Southeastern Europe. It was opened in 1981 and has an area of 123,000 m? on eight floors and three underground levels.

Curiously, more than 10,000 tons of steel were used for the construction of the NDK - 3,000 more than the Eiffel Tower.

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Tags: National Palace of Culture, Simeon Djankov, state public company, public company
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