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Bulgaria Tobacco Monopoly Bulgartabac to Be Privatized in 2010
Business | December 4, 2009, Friday // 18:41
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Soon to be privatized Bulgarian cigarette-maker "Bulgartabac Holding" is a major contibutor to the country's public fianaces. Photo by BGNES
Bulgaria's Economy and Energy Minister, Traicho Traikov, announced Friday that the State owned “Bulgartabac Holding” will be privatized in 2010.
Traikov further announced the conditions for the competition to select a consultant for the cigarette-maker's sale are ready and the competition itself will be announced in a matter of days.
“Bulgartabac” had a significant contribution to the country's public finance this year with the additional BGN 40 M going into the State budget,” Traikov is quoted as saying.
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