Bulgaria's BTC Deal Postponed "Due to Political Interests"

Politics | August 16, 2003, Saturday // 00:00

Supervisory Council of Bulgaria's Privatization Agency delays the sale of the Bulgarian Telecommunications Company BTC because members of the council are afraid of political leaders' reaction, Krasen Stanchev, head of Bulgaria's Institute for Market Economy said Saturday.

His comment came after the Council returned Friday the deal for the sale of 65% stake in BTC to the Executive Board of the sale body.

Viva Ventures, which was first selected a preferred buyer, has not presented a declaration, as required by the Privatisation Act, Chairman of the supervisors Petko Nikolov explained August 15.

The supervisors are waiting to hear politicians' comments first, Stanchev suggested. He also said Viva Ventures was the best candidate to buy the Telecom and that the sale should be completed as soon as possible.
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