Bulgaria to Open 2 New Refugee Shelters
The Bulgarian government has decided Wednesday to open two new refugee shelters for asylum seekers.
Bulgaria's government has ruled out adopting a proposal for two of the biggest bondholders of indebted Kremikovtzi steel mill, state-owned companies, to acquire a majority stake in it to prevent an imminent shutdown.
“Should this scenario unfold, the state-owned companies will have to pay Kremikovtzi debts while they have no permits for work and also have to pay back public takings to the Finance Ministry,” the minister said at a round table on Wednesday.
The forum was also attended by representatives of the trade unions, who want the government to adopt the recovery plan for the company and give up plans for its liquidation.
”Shutting down the ailing state-run plant before winding up its businesses and offloading its assets will make more difficult the outstanding payments to the laid-off workers and their social securities,” Zhelyazko Hristov, leader of KNSB trade union, said at a round table on Wednesday.
In their Monday protest 200 workers from the plant gathered in front of the Economy and Energy ministry, calling on the state-owned gas provider Bulgargaz and the state power utility NEK, two of the major creditors in the plant, to become majority owners.
Key Bulgarian ministers made it clear last week that bankrupt steel-making giant Kremikovtzi would most likely be liquidated, since 80% of Kremikovtzi’s creditors have disapproved the action plan to save the steel-maker, presented by the administrator.
The sprawling communist-era behemoth near Sofia was declared insolvent in August last year and has suffered huge loss of production.
Workers have yet to receive BGN 56 M in unpaid salaries. Some 3 000 employees have been dismissed or have left the company, with some 3 170 staff still on the books.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a sign of the changing climate's impact on agriculture, Bulgarian farmers are gearing up for an early start to the wheat and barley harvest this year as soaring temperatures hasten crop ripening
Online gambling and casinos are becoming quite the attraction for players and enthusiasts alike.
Online sports betting has taken the world by storm, offering enthusiasts an exciting way to engage with their favorite sports.
In response to the ongoing war between Russia and Ukraine, the European Commission has greenlit a significant aid package for Bulgarian farmers, totaling approximately 86.9 million euros
If you compare today's casino experience with two decades back, you can tell that a lot has changed.
Game distributors and casino sites want to be as accessible and user-friendly as possible.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022