Bulgaria’s Privatisation Revenue Since 1993 Totals 3.8 Bln Euro

Bulgaria’s Privatisation Revenue Since 1993 Totals 3.8 Bln Euro

Bulgaria's revenue from privatisation since 1993 totals 7.4 billion levs ($5.0 billion/3.8 billion euro), the finance minister said.

Revenue from the sale of state assets by 2002 was 2.2 billion levs, as in the following ten years the country managed to pocket another 5.2 billion levs, local daily Dnevnik quoted finance minister Simeon Dyankov as saying.

The total sum includes payments made with bonds as part of the country's mass privatisation process, as well as a few sales of large state companies, such as the Bulgarian telecommunications group BTC. The overall sum, however, does not include the investments pledged by the private investors under the privatisation contracts.

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