Bulgarian State to Get Back Vratsa Chemical Plant

Business » INDUSTRY | January 23, 2014, Thursday // 16:23| Views: | Comments: 3
  • Send to Kindle
Bulgarian State to Get Back Vratsa Chemical Plant: Bulgarian State to Get Back Vratsa Chemical Plant Bulgarian chemical Plant "Himko Vratsa," photo by mariadmarinova.blogspot.com

The Bulgarian state is planning to acquire back by the end of February the bankrupt chemical factory "Himko" in the northwestern city of Vratsa.

The news was announced by the Minister of Economy and Energy, Dragomir Stoynev, at a debate for the re-industrialization of Europe, organized by the Bulgarian Federation of Industrial Energy Consumers.

Stoynev said the needed amount for the recovery of the plant will be in the vicinity of BGN 50 M.

"Negotiations are ongoing and we have the ultimate goal to stabilize this factory as there is stated investor interest," said he.

The plant specializes in the manufacture of non-organic and organic chemicals - ammonia, carbon dioxide, argon, oxygen, nitrogen, krypton, xenon, methane, standard technical gases and gas mixtures, among others.

Industry » Be a reporter: Write and send your article
Tags: Vratsa, chemical, plant, factory, Himko, Minister of Economy and Energy, Dragomir Stoynev, Bulgarian Federation of Industrial Energy Consumers, organic, non-organic, chemicals
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (3)
Caliguy - 23 Jan 2014 // 21:42:05

Industry in BG. sale it off cheap cronyism, crony then runs it into the ground, sales everything off, doesn't pay his workers, takes the money and runs, whats left pilfered and recycled. State buys back said industry with taxpayers money.

Juanito - 23 Jan 2014 // 17:06:07

Yeah, like you pay a lot of taxes..maybe 10% IF you are an employee. And then you would like to have services like you live in Switzerland or Sweden? Good one.

Yordan Georgiev - 23 Jan 2014 // 16:48:45

Why the state should acquire the company if there investor interest… Smells like stealing tax payers money… AGAIN…

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