TURKISH COMPANIES MAY INVEST IN BG PROJECTS

Business | October 20, 2001, Saturday // 00:00

Turkish companies may participate in road and energy facilities construction, ownership restructuring in the water and sewerage companies, and waste water treatment in Bulgaria. That was announced after a meeting of representatives of large Turkish construction companies led by Faruk Erkoc with Kostadin Paskalev, Deputy Prime Minister and Minister of Regional Development and Public Works. Erkoc co-chairs the Turkish-Bulgarian Business Council. According to Paskalev, the Bulgarian position on the Upper Arda Project will be announced by mid-November. Many Turkish companies can participate in Bulgarian projects, financed under the Phare Program. `Turkish investors may compete for concessions for water and sewerage companies in partnership with Italian and German companies, `Paskalev added. The Bulgarian-Turkish Business Council will have a meeting in January, 2001.

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