Bulgaria Eyes 167 Mln Euro in Privatization Proceeds in 2014

The Bulgarian Privatization and Post-Privatization Control Agency forecast that sell-off revenue would total 326.4 million levs ($230 million/167 million euro) in 2014.

The agency said in a press release it expects to contract privatization-related payments totalling 308.8 million levs next year while planning to pocket a further 17.6 million levs in post-privatization control-related proceeds.

The bulk of the privatization proceeds next year should be generated by the sale of shares and equity stakes in, among others, bourse operator Bulgarian Stock Exchange, Navigation Maritime Bulgare, the operator of the International Fair Plovdiv and real estate agency ADIS.