Bulgarian Irrigation Systems to Receive BGN 15M Boost

Business | March 26, 2014, Wednesday // 16:01| Views: | Comments: 0
  • Send to Kindle
Bulgaria: Bulgarian Irrigation Systems to Receive BGN 15M Boost Bulgarian Agriculture Minister Dimitar Grekov. Photo by BGNES.

Bulgaria's government will allocate additional BGN 15M to Irrigation Systems company from the budget of the Ministry of Agriculture and Food.

The funding will prevent Irrigation Systems running out of power, and the risk of drainage coming to a halt across the country, as this could lead to flooding agricultural land, as well as towns and villages.

Hundreds of Irrigation Systems employees have been protesting across Bulgaria over the lack of salaries which have been delayed for more than 4 months, due to the huge debt accumulated by company amounting to BGN 25 M.

The company owes some BGN 2 M to Bulgarian power distributors, which have warned of cutting electricity supply.

The additional funding will be allocated for salaries and for the better management of the company's sites and facilities, a press release of the government said.

"Despite being in a critical state, the company continues to perform its main duties, including the maintenance of 21 dams," Agriculture Minister Dimitar Grekov claimed.

Business » Be a reporter: Write and send your article
Tags: irrigation systems, dimitar grekov, protests
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (0)
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