Bulgartabac privatization

Bulgartabac privatization

The Supervisory Board of the Privatization and Post Privatization Control Agency, which was elected by the National Assembly, determined criteria in Bulgartabac deal which give priority not to price, and to social commitments and purchasing amounts of tobacco. As I said before as Minister of Economy I would prefer a greater burden on market criteria. That is what Minister of Economy and Energy Minister Trayho Traikov said for FOCUS News Agency.

We withdrew BGN 100 million in the form of special dividends from the reserve in order to increase the financial impact for the state. Thus we exceeded assessment from EUR 119 million made by the previous government in incomparably better situation then and significantly exceeded the company's stock capitalization, Minister Traikov said. (Source: Focus News Agency)

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