FRUIT COMPANY CONTRACT CANCELED

Business | April 15, 2001, Sunday // 00:00| Views: | Comments: 0
  • Send to Kindle

Deputy PM P. Zhotev canceled contract for Bulgarplod, a fresh and canned fruit large exporter privatization. Contract had been signed March 4, 1999 and arranged the sale of a 68 percent shares in Bulgarplod Peshtera, SE Bulgaria, to Bulgarplod 98 Ltd. The buyer failed to pay the damages charged by the Ministry for non-performance of commitments under the privatization transactions.
Ministry of Economy claimed the buyer had not honored the investment and job security pledges in the privatization contract.
Business » Be a reporter: Write and send your article
Expats.bg All Are Welcome! Join Now!
Advertisement
Advertisement
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria