Workers Strike at Bulgaria Energy Tycoon's Serbia Factory

Business | September 29, 2009, Tuesday // 12:13| Views: | Comments: 0
Workers Strike at Bulgaria Energy Tycoon's Serbia Factory: Workers Strike at Bulgaria Energy Tycoon's Serbia Factory Last year, the Polish magazine Wprost ranked Hristo Kovachki among the 100 richest people in central and eastern Europe with a personal fortune of USD 700 M. Photo by BGNES

The workers at a Serbian tyre factory owned by the Bulgarian energy tycoon Hristo Kovachki have gone on strike over unpaid wages.

Workers at the Trayal tyre factory demanded to be paid immediately and announced that the plant has stopped production. 700 of the 2100 total work force gathered at the entrance of the factory where the managers’ offices are situated. The local union leader stated that this is their last chance to accomplish anything before the busy winter season takes hold.

At the end of last year Kovachki faced similar problems with striking workers at his Serbian factories and in June workers at the Vladicin Han wrapping paper factory threatened to go on hunger strike over unpaid wages.

This is yet another problem that Kovachki has to face after it was reported last Thursday that the Sofia City Court has frozen BGN 143 M of his assets while he is on trial for tax crimes amounting to BGN 16 M for the 2005-2008 period from four of his businesses.

In Bulgaria he owns the Thermal Plants "Maritsa-Iztok 3" in Dimitrovgrad and "Bobov Dol", several mines, as well as the heating utilities in Vratsa, Burgas, Veliko Tarnovo and Pleven, the grocery chain "Evropa" and the "Atomenergoremont" company.

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Tags: Hristo Kovachki, Trayal, Serbia, Strike
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