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Friday, October 10

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MARKET OVERVIEW

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Bulgarian Stock Exchange

A fifth consecutive rise on the BSE

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10.10.2008
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12.10.2008
Sofia Sunny 5°/17°
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Sunday, October 12

Privatization or Liquidation of 'Bulgartabac'?

Updated on: 26.03.2008, 11:51

Published on: 25.03.2008, 11:34

Author: Blaga Bangieva

Font size: a a a

It is not clear how will be done the purchase of the two enterprises. I really doubt for a true privatization of ‘Bulgartabac'.

This was stated by Lidia Shuleva, former Economy Minister of NDSV.

There is a possibility for the two factories to be liquidated, stated Shuleva in an interview in local BTV. She defined the deals as ‘pure robbery'.

According to her words, there was interest towards the licenses and the market, not to the machines and equipment.

If small factories with licenses are going to be sold trough the market, this will lead to drop in the prices of the big enterprises, ex Minister Shuleva explained.

Because of the already delayed with years privatization of ‘Bulgartabac', the market of the company drops from 100 to 60%, adding that the state has no long-term policy in the sector.

The privatization of the factories in Plovdiv and Stara Zagora will additionally ruin ‘Bulgartabac', Shuleva believes.

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