J.P. MORGAN: TOBACCO MONOPOLY SALE IS KEY FOR BULGARIA'S REFORMS

Business | August 26, 2002, Monday // 00:00| Views: | Comments: 0
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The sale of Bulgaria's tobacco monopoly Bulgartabac Holding is a significant stride ahead in the privatization program of the Bulgarian government this year. That is a conclusion in the latest emerging markets report of J.P. Morgan Chase & Co., the second-largest financial services firm in the US. The analysts note that the government selected a buyer, backed by Deutsche Bank. According to them, that is an important sign that the government is committed to sell telecom monopoly BTC and State Insurance Institute DSK. The analysis says that the sale of the tobacco holding is key for the restructuring of the Bulgarian economy.
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