Politics | June 21, 2001, Thursday // 00:00

National Movement Simeon II, which won general election last Sunday, will close down the Privatization Agency and will establish a new institution charged with the management of the state-owned assets, an MP from the region of Haskovo informed. The new agency will include privatization in its prerogatives, he added. In Varna, another MP, Theodor Stoev announced that the new parliament would challenge the privatization deal for the Golden Sands seaside resort. According to the agency itself, suspending the procedures of deals like the ones for the Bearing Works of VMZ - Sopot, Sofia Film House, State Insurance Institute, Hemus Air, Sunny Beach resorts and others would be a negative signal for foreign investors. Other king`s MPs also spoke on several occasions at length about the need to perform an in-depth analysis of all privatization deals in order to bright to light possible violations. The so-called re-privatization, as the economic team of the NMS termed its plans to revise suspicious and unsuccessful privatization deals, is allegedly aimed at the rehabilitation of former state-owned enterprises and the creation of new jobs. According to Milen Velchev, one of the leaders of the king`s economic team, the new government plans to deregulate the energy sector, which might involve the renegotiation of recent contracts worth $1.4 Bln with AES and Entergy for TPPs Maritza-East 1 and 3.

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