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Bidding battle looms in BulgariaBidding battle looms in Bulgaria
1-Feb-2005
BULGARIA. A closely fought auction is expected over the sale of state-owned Kalotina-Balkantourist, which operates one shop on the Bulgaria?Serbia border, after the country's privatisation agency put it up for public auction earlier this month
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As reported in DFNI November 15 '04, the company was closed last year and began looking for an investor. Bulgaria Duty Free Association chairman Radostin Genov explained: ?The company
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(26-Jan-2005) - Fierce competition is anticipated for a store on one of the busiest borders in Bulgaria
(18-Feb-2005) - Transimpex and Sofcom are among nine companies interested in acquiring Kalotina-Balkantourist
(15-Feb-2005) - The turnover of the Bulgarian duty-free industry has exceeded initial expectations with a year-on-year rise of 34% to Eu174m ($225m) in 2004
(14-Mar-2005) - The company has confirmed it has bought the business, extending its presence at the busy crossing into Serbia
(1-Nov-2004) - BULGARIA. Border shops could be forced to pay infrastructure taxes for their sites following a series of disputes between operators and Bulgaria's national border police