Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Heirs Eye Shares in Bulgaria's Kamenitza Brewery after Win in Strasbourg
HEIRS EYE SHARES IN BULGARIA'S KAMENITZA BREWERY AFTER WIN IN STRASBOURG
Date: 05/12/2010
Source: novinite.com
Heirs Eye Shares in Bulgaria's Kamenitza Brewery after Win in Strasbourg

The European Court of Human Rights has ruled in favor of three Bulgarian nationals, who brought a case against Bulgaria, claiming to be successors to shareholders of a brewery in Plovdiv, which was nationalized in 1947.

After eighteen years of court battles, the heirs to shareholders in Bulgaria's earliest commercial brewery "Kamenitza - Frick and Sulzer" enjoy every chance to obtain shares in Kamenitza AD since the Strasbourg court ruling allows them to go to law over the number of shares they are entitled to.

The case in the European Court of Human Rights concerns a dispute about the determination of the applicants' entitlement to shares in the brewery following restitution and privatisation legislation introduced in 1992.

Relying on Article 6 § 1 (right of access to court), the applicants complain in particular that the domestic courts dismissed their claims without undertaking an independent review of the Government's valuation of their properties.

The court awarded EUR 4,000 to the heirs of the first applicant for non-pecuniary damage and EUR 2,000 each to the second and third applicants.

Bulgaria's earliest commercial brewery was established in Plovdiv by the Swiss Germans Rudolf Frick and Friedrich Sulzer in 1876.

It became a large and modern factory in 1879/1881 with the help of another Swiss expert, Christian August Bomanti.

Production began in 1882 in the Kamenitsa area near the city and continues today, its successor being the Kamenitza brewery.

Kamenitza AD, which was until last year part of Interbrew, renamed InBev after the merger of Interbrew and AmBev, is the second biggest brewery in Bulgaria.

Its diverse brand portfolio includes international Stella Artois and Becks and local Kamenitza, AstikA, Burgasko , Pleven, Slavena.

Anheuser-Busch InBev sold its operations in seven countries in Central Europe and the Balkans, including Bulgaria, to private-equity firm CVC Capital Partners in December 2009.


Topic: Business



Featured District
TARGOVISHTE DISTRICT AND CITY INFORMATIONTargovishte
Invest Bulgaria Charts
FDI as Percent of GDP in Bulgaria
FDI as Percent of GDP in Bulgaria

Foreign Liabilities of Bulgaria
Foreign Liabilities of Bulgaria

See all charts
Did You Know?
Cost of transportation in Bulgaria
Cost of transportation in Bulgaria
A ticket for the city bus and for the subway in Sofia costs about 30 Euro cents. ... More

Gena Dimitrova is reputed to possess one of the most prestigious voices ever, one of the few dramatic sopranos of the past 30 years, belonging to that class of artists who have tackled with disarming ease the most demanding of the heavyweight roles. Her voice blends an inherent lyrical beauty, superbly sustained by the refined technique of a soprano leggero with an impressive dynamic range culminating in an intensely powerful volume.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2024 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


Лимузини под наем Electric and Hybrid Modules Repair SEO оптимизация Bulgaria Translation Bulgarian Agriculture
Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works,. Maintained by Website Maintenance, the kings of Website Migration. Supported by WorldStreet


Our Featured Members