FORMER BALKAN CEO DENIED ARABIAN INVESTMENTS

Business | September 12, 2001, Wednesday // 00:00

The former president and CEO of Balkan Airlines, Zvi Frank, denied negotiations with Arabian investors for the sale of 75% of the Balkan airline shares. `It would be very good for Zeevi Group and for Bulgaria if there were such negotiations but believe me, they have not even approached us,` Frank said, quoted by Pari Daily. `If Zvi Frank denied the talks between Zeevi and Gulf Air, then probably this is so,` Balkan`s receiver Ralitsa Topchieva said. According to her a few options for participation in the Balkan airlines rehabilitation plan have been discussed with Emirates representatives but they are not at an advanced stage.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria