Business | April 15, 2001, Sunday // 00:00| Views: | Comments: 0
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Deputy PM P. Zhotev canceled contract for Bulgarplod, a fresh and canned fruit large exporter privatization. Contract had been signed March 4, 1999 and arranged the sale of a 68 percent shares in Bulgarplod Peshtera, SE Bulgaria, to Bulgarplod 98 Ltd. The buyer failed to pay the damages charged by the Ministry for non-performance of commitments under the privatization transactions.
Ministry of Economy claimed the buyer had not honored the investment and job security pledges in the privatization contract.
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