SKI RESORT HOTELS OWE OVER USD 100,000 FOR INFRASTRUCTURE MAINTENANCE

Business | January 2, 2002, Wednesday // 00:00

Liabilities of Pamporovo ski resort privatized hotels amount to more than USD 100 000, representatives of Pamporovo joint-stock company announced. The money has been spent on maintaining the infrastructure in the resort. It has been accumulated through nonpayment of installments of the deregulated hotels. Under the privatization contracts these payments are to be deposited each year. Murgavets Hotel alone has paid the envisaged in the contracts sums. According to representatives of Pamporovo joint-stock company the Economy Ministry should exercise control over the fulfillment of the contract’s terms. So far none of the debtors have been sanctioned.

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