“The state set the bottom price for the privatisation of Bulgartabac Holding at USD 100 M”, Lyubka Kachakova, Deputy Economy Minister and President of the Board of Directors of the holding, announced on October 29. According to Kachakova the planned privatisation of the holding for six or seven months is very ambitious. Bulgartabac Holding will be restructured by the beginning of November, Standart Daily wrote. Four directorates will be established within the venture - "Tobaccos and Cigarettes", "Marketing and Markets", "Finance" and "Foreign Investors". The decision for the changes was taken after a long discussion at a Board of Directors meeting. Two of the directors were against the merger of "Tobaccos" and "Cigarettes". According to them, the two branches should be separate, because the first one is subsidized by the state, and the second one provides revenues to the state. The competition for a new director of the Blagoevgrad-based Bulgartabac branch resulted in numerous discussions among the Directors of the holding. The candidates for the position are nine. This is the first competition for Executive Director of a cigarette-producing plant.

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