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)

Spanish Firm Wants to Buy Part of Bulgaria's Bankrupt Steel Mill
SPANISH FIRM WANTS TO BUY PART OF BULGARIA'S BANKRUPT STEEL MILL
Date: 04/03/2011
Source: novinite.com
Spanish Firm Wants to Buy Part of Bulgaria's Bankrupt Steel Mill

A Spanish consortium has expressed interest in buying "parts" of what used to be Bulgaria's largest steel-maker Kremikovtzi, Bulgarian Economy Minister Traicho Traikov announced in Madrid.

Traikov was in Madrid on Friday as part of a Bulgarian government delegation to Spain led by Prime Minister Boyko Borisov.

The firms from the Spanish consortium SHP-Advisers have declared readiness to apply for EU funding for an EUR 20 M project for "the re-cultivation of the terrain" on which Kremikovtzi is standing, Traikov announced after meeting with the president of the consortium Hakobo Sartoris, as cited by bTV and the press service of the Economy Ministry.

No other details have been made public as to what exactly the Spanish firms plan to do with Kremikovtzi.

In February, the third auction scheduled for the assets of Bulgaria's bankrupt Kremikovtzi steel mill failed like the previous two, due to the only bidder not presenting a satisfactory document for having paid the required deposit.

Bulgaria regrouped the assets of bankrupt steel mill giant and tried to auction them for a third time after failing to attract any bidders in two previous auctions. For the last unsuccessful bid, the starting price was set at BGN 395 M, which is a 31% drop from the initial price of close to BGN 565.5 M.

The fourth attempt to hold an auction for the assets of Kremikovtzi will be held on April 12, with their total price this time falling down to BGN 316 M.


Topic: Investments



Featured District
BOURGAS DISTRICT AND CITY INFORMATIONBourgas
Invest Bulgaria Charts
Tax Revenue of Bulgaria
Tax Revenue of Bulgaria

Gross Value Added of Bulgaria (million BGN)
Gross Value Added of Bulgaria (million BGN)

See all charts
Did You Know?
Bulgarian Yogurt
Bulgarian Yogurt
The Bulgarian yogurt is extremely popular in Japan ... More

Rousse is the largest Bulgarian city on the Danube river. It is situated in the north-eastern part of Bulgaria, 300 km far from the national’s capital Sofia. Rouse’s rich historical past shows that the Danube river was the basis of existence. From it’s foundation up to now, in spite of the names the town had through 19 centuries, it was a Danube harbor.

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

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2020 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.


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.


Our Featured Members