The privatization process of Bulgaria's tobacco giant Bulgartabac goes according to the schedule.

Bulgaria's Economy Minister Lidia Shuleva explained that the sale's consultants will present their studies and recommendations by the end of July and the privatisation will be launched right after that.

Bulgartabac includes twelve processing factories and nine cigarette factories. It also runs five cigarette factories in Russia and one each in Ukraine, Romania and former Yugoslavia.

The new strategy for Bulgartabac's privatisation, which the government okayed at the beginning of October, envisages the piecemeal sale of the cigarette production companies and tobacco processing subsidiaries.

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