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Bulgarian minister quits over duty-free divideBulgarian minister quits over duty-free divide
8-Aug-2003
Bulgarian border duty-free operators may be witnessing a reversal in fortunes following the announcement of finance minister Milen Velchev's resignation earlier today (August 7).
Bulgarian border duty-free operators may be witnessing a reversal in fortunes following the announcement of finance minister Milen Velchev's resignation earlier today. In his resignation speech the politician cited a bitter dispute with members of the ruling coalition over his decision to close border duty-free stores by the end of the year.Last month Bulgarian Association of Duty Free Enterprises president Radostin Genov told TRW that sentiment was turning in favour of the industry, and that many politicians had expressed their disappointment at the decision to close the stores. And earlier this month the Bulgarian press speculated that Velchev's stance on the border shops issue had cost him a promotion to deputy prime minister.
Keep an eye on travelretailworld for updates on this story.
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(23-Aug-2003) - Bulgarian finance minister Milen Veltchev has announced the withdrawal of his resignation, which he had announced earlier this month
(18-Jun-2003) - BULGARIA. Representatives of Bulgaria?s duty-free operators have met finance minister Milen Velchev in an attempt to stave off the proposed closure of the country?s border duty-free stores.
(1-Nov-2005) - BULGARIA. The Bulgarian supreme administrative court (SAC) has dismissed tender regulations issued by former finance minister Milen Velchev as "insignificant and worthless"
(18-Oct-2005) - Several tenders for border duty-free licences have been delayed by the supreme administration court until the new duty-free bill is introduced later this year
(26-Oct-2005) - The country's forthcoming duty-free bill will address Bulgaria's accession to the European Union according to local observers