NEW TENDER FOR BUSINESS BANK TO BE OPENED

Business | October 22, 2001, Monday // 00:00

`A new tender for Business Bank will be opened,` Ivan Panchev, Trustee of the bankrupt institution, said. The Agency for Government Claims is dissatisfied with the failed tender and does not approve the evaluation. The Agency for Government Claims did not participate in the tender. A letter demanding for a new evaluation and tender will be sent to the court. Third, unbiased party will make the evaluation. Bul Audit, which made the Bank`s evaluation last time, will participate in the selection of the company. `The Agency has the right to demand a new tender since it is the bank`s biggest creditor, ` Ivan Panchev explained. Nobody showed for the tender for Business Bank on 10 October. The initial price was set at BGN 10, 042, 914 .The bank owes to the state BGN 8.5 M.

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