Bulgaria Answers to Russia's Property Claims

Business | December 29, 2002, Sunday // 00:00

Bulgaria officially responded to the note submitted last week by Russia. Foreign Minister Passy said that no legal grounds exist for Russia to claim Bulgartabac's property. The Russian authorities demanded with a note on December 18 the return of the Russian properties in Bulgaria. The document raises Russia's claims to assets of tobacco monopoly Bulgartabac Holding Russia says it became owner of twelve Bulgartabac subsidiaries after WWII as part of reparations it received from Germany. Bulgaria was an ally of Germany during the war and Germans owned tobacco companies in Bulgaria then. In 1953 Moscow rented its Bulgarian tobacco assets to the communist cabinet in Sofia freely, but now it wants them back, according to Russian officials. Economy Minister Nikolay Vassilev said that Bulgaria bought back the mentioned property at the end of 1940s.

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