US Approves New Lukoil Waiver for Bulgaria After Talks With Rubio
Bulgaria has secured a six-month extension of the Lukoil waiver, following a decision by the US Treasury Department’s Office of Foreign Assets Control (OFAC)
5 Bids Submitted for Bulgaria's Tobacco Monopoly Sale Consultant
Business | February 2, 2004, Monday // 00:00
- Tweet
Send to Kindle
Five companies submitted offers in the contest for privatisation consultant of the sale deal for Bulgaria's tobacco monopoly Bulgartabac before the deadline expired on February 2. These are SG Corporate Finance Advisory, Paris; JP Morgan Plc, London; a consortium led by Credit Suisse First Boston (Europe), London; Morgan Stanley& Co.Limited, London; UBS Ltd, London, in a tie-in with Balkan Consultancy Company, Sofia.
Candidate consultants are required to have experience in successful privatisation deals for enterprises in the tobacco industry, mergers or acquisitions of companies in the same sector, as well as companies' restructuring.
The consultant in the deal will be required to prepare the privatisation of Bulgartabac subsidiaries and draw up a strategy for their restructuring.
Bulgartabac officially launched the contest for a consultant on the sale of its subsidiaries in the middle of December last year. Leading investment banks can participate in the competition independently or form tie-ins together with international or Bulgarian legal and financial consultant companies.
The new strategy for Bulgartabac privatisation, which the government okayed at the beginning of October, envisages the piecemeal sale of the cigarette production companies and tobacco processing subsidiaries.
Bulgartabac includes twelve processing factories and nine cigarette factories. It also runs five cigarette factories in Russia and one each in Ukraine, Romania and former Yugoslavia.
UK tobacco giant Imperial Tobacco Group, British-American Tobacco, together with Phillip Morris and Gallagher, already declared interest in the privatisation of Bulgartabac.
Candidate consultants are required to have experience in successful privatisation deals for enterprises in the tobacco industry, mergers or acquisitions of companies in the same sector, as well as companies' restructuring.
The consultant in the deal will be required to prepare the privatisation of Bulgartabac subsidiaries and draw up a strategy for their restructuring.
Bulgartabac officially launched the contest for a consultant on the sale of its subsidiaries in the middle of December last year. Leading investment banks can participate in the competition independently or form tie-ins together with international or Bulgarian legal and financial consultant companies.
The new strategy for Bulgartabac privatisation, which the government okayed at the beginning of October, envisages the piecemeal sale of the cigarette production companies and tobacco processing subsidiaries.
Bulgartabac includes twelve processing factories and nine cigarette factories. It also runs five cigarette factories in Russia and one each in Ukraine, Romania and former Yugoslavia.
UK tobacco giant Imperial Tobacco Group, British-American Tobacco, together with Phillip Morris and Gallagher, already declared interest in the privatisation of Bulgartabac.
Bulgaria’s Central Bank Tightens Rules on Housing Credit
The Bulgarian National Bank (BNB) has decided to increase the countercyclical capital buffer to 2.25%, in a move aimed at easing pressure on the rapidly growing housing credit market and strengthening the resilience of the banking system.
“Energy Lockdown”? Expert says Europe and Bulgaria Could Face Covid-Style Restrictions
Energy expert Boyan Rashev has warned that Europe could be moving toward what he described as an “energy lockdown” scenario if fuel supply pressures continue to worsen
Fuel Prices Rise in Bulgaria: Diesel Nears 1.80 Euros, Petrol Also Up
Fuel prices in Bulgaria have continued to edge upward, with diesel and gasoline both registering increases in the days following the Easter holiday
Bulgaria’s Tourism Industry Adapts to a Digital-First Traveller
Bulgaria’s tourism sector has never been stronger and has been achieving steady growth for the past few years.
Bulgaria Sees Modest Monthly Industrial Growth, But 8% Yearly Drop Persists
Industrial output in Bulgaria posted a modest monthly increase in February 2026, but continued to decline sharply on an annual basis, according to preliminary, seasonally adjusted data from the National Statistical Institute.
