Bulgarian Opposition MP Slams Bulgartabac Privatization
The privatization deal for Bulgaria's cigarette producer Bulgartabac is scandalous, according to opposition Bulgarian Socialist Party MP Ana Yaneva.
The privatization deal for Bulgaria's cigarette producer Bulgartabac is scandalous, according to opposition Bulgarian Socialist Party MP Ana Yaneva.
The name of the actual buyer of the State-owned cigarette-maker monopoly Bulgartabac is going to be revealed very soon, Economy and Energy Minister, Traicho Traikov, promised.
The Supervisory Council of Bulgaria's Privatization Agency has given the final go-ahead for the sale of state cigarette-maker Bulgartabac to BT Invest, a firm wholly owned by Russia's government bank VTB.
The contract with BT Invest, the candidate to purchase the Bulgarian State-owned cigarette maker Bulgartabac Holding has received preliminary approval Thursday, and will be examined and voted on Friday.
The Russian Federation has submitted a request for a guarantee for a future claim against the Bulgarian State-owned cigarette maker Bulgartabac Holding, but the Sofia City Court had not examined it.
Bulgaria's Prime Minister, Boyko Borisov, Deputy PM and Finance Minister, Simeon Djankov, and Economy and Energy Minister, Traicho Traikov, will monitor closely the sale of the country's State-owned tobacco monopoly Bulgartabac.
Powerful economic circles in Bulgaria featuring the participation of Prime Minister Boyko Borisov are behind the privatization deal of cigarette maker Bulgartabac, according to Rumen Ovcharov, a Socialist MP and former Economy Minister.
The sale of the Bulgarian state-owned tobacco company Bulgartabac to Russian state bank VTB is favorable for Bulgaria, according to the head of Bulgaria's Privatization Agency Emil Karanikolov.
The Governing Board of Bulgaria's privatization agency approved Wednesday the sale of the State-owned tobacco monopoly Bulgartabac Holding to the Austria-registered BT Invest.
Bulgaria will be providing a grant of EUR 60 M to Russian state bank VTB if it sells its cigarette maker Bulgartabac to VTB's subsidiary BT Invest, according to Dimcho Mihalevski, a Socialist MP.
Bulgaria's tobacco industry syndicates have decided to stage on Friday their protest rally against the sale of state-owned cigarette-maker Bulgartabac to Russian-owned bank VTB, the sole bidder for the company's privatization.
Workers from the now-closed steel mill Kremikovtzi, near the Bulgarian capital Sofia, have renewed hopes they can receive their overdue salaries and wages through the Court.
Bulgaria's tobacco industry syndicates have risen against the sale of state-owned cigarette-maker Bulgartabac to Russian-owned bank VTB, the sole bidder for the company's privatization.
Bulgartabac Holding AD, the state-owned Bulgarian cigarette maker which is on sale, ended the second quarter of 2011 with a profit of BGN 2.
The only candidate to buy Bulgaria's state-owned cigarette producer Bulgartabac Holding, the Austria-registered firm BT Invest owned by Russia's second-biggest bank VTB, has offered a price of EUR 100.
The French company Malteries Soufflet is acquiring the malt production of Bulgaria's oldest commercial brewery "Kamenitza.
The deadline for submitting binding offers for the sale of Bulgaria's former tobacco monopoly Bulgartabac is expiring Monday.
Bulgaria's furniture industry will hardly ever manage to recover its pre-2008 output even after the economic crisis is overcome, according to the director of furniture producers' chamber.
The management of Bulgarian Gorubso Madan lead and zinc mine reached an agreement with miners, who had threatened to strike after not receiving their salaries for at least 3 months.
Bulgaria's government is selling "Industrial Construction Holding", a state company, to a local private investor for BGN 12.
The shipyard in Bulgarian Danube city of Ruse built a sea-faring ship for 3.5 months instead of the usual 12-month period.
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