Send to Kindle
Bulgaria's largest non-ferrous metal plant had to be listed for piece by piece sale after a total management collapse. Photo by BGNES
All workers at the troubled OTzK Kardzhali, Bulgaria's largest non-ferrous metal works, will be shortly fired, according to media reports.
The news comes just days after Bulgarian First Investment Bank, one of the indebted factory's main creditors, officially acquired the plant this Tuesday.
At the time of the sale, the Harmony 2012 management and Bulgarian Minister of Economy Delyan Dobrev stated that the factory is to be revived.
Now, from 550 workers employed by OTzK last year, only 84 have remained, and they will soon be dismissed, reports bTV.
The First Investment Bank is expected to keep only 10 employees at the factory to serve as guards of the premises.
The bank is controlled by notorious Bulgarian Ski Federation president and ski companies owner Tseko Minev, who is also believed to be behind Harmony 2012.
The Lead and Zinc Complex ran into serious financial trouble after chronic mismanagement by previous owner Valentin Zahariev, which also caused social unrest in Kardzhali, after Zahariev failed to pay employees' salaries for months on end.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
An investigation into hooliganism has been launched in RU-Kardzhali after a scandal between two groups in an establishment in the city
Kardzhali is already in the green zone for the spread of coronavirus. There are less than 100 infected people in the district.
100,000 people remained without voting rights in the Kardzhali region.
A 23-year-old woman died on Friday morning in the obstetric-gynecological department of the Kardzhali hospital, the hospital reported.
A 27-year-old man was detained by the police in Kardzhali for keeping in captivity a 39-year-old woman, the press office of the Regional Directorate of the Ministry of Interior announced.
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.
The early decades of the 21st century have presided over huge changes in both society and technology, so much so that it is difficult to imagine what parts of the world today will survive to be distilled into the history books.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
