FlixBus Expands Routes from Bulgaria: New Connections to Thessaloniki, Athens, and More
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
Ruling on Bulgaria's Tobacco Monopoly Deal Confirmed
Business | December 17, 2002, Tuesday // 00:00
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A five-member panel of the Supreme Administrative Court confirmed the decision of the three-member panel of the same court on the lawsuit filed against the choice of buyer for an 80% stake in state-owned company Bulgartabac Holding. In its October 29 ruling the Supreme Administrative Court stripped the preferred buyer for Bulgaria's tobacco monopoly, the consortium Tobacco Capital Partners and Clar Inns, of its status. The Court said in its motives that favourable changes in the tobacco holding's financial indicators called for a better offer and the Privatization Agency had violated the Ordinance on Competitions by failing to demand a higher price. In the wake of December 16 ruling the Privatization Agency will be obligated to ask new offers to be submitted by Tobacco Capital Partners, Tobacco Holding and Rosbulgartabac. The ruling of the five-member panel of the Supreme Administrative Court cannot be appealed.
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