Bulgaria's anti-trust regulator said it gave the green light to local company BMF Port Burgas to operate the Burgas-west port terminal, on the Black Sea, under a concession contract awarded by the government in early March.
The regulator found that the concession will not distort competition on the local seaport market, the Commission for Protection of Competition said in a statement published on its website.
The decision was adopted on April 23.
In early March, the Bulgarian government selected BMF Port Burgas as the concessionaire on the Burgas-west port terminal. Under the contract, BMF Port Burgas will pay an annual concession fee of 900,000 levs ($598,500/460,200 euro) and will invest a total of 34.8 million levs.