Expats

Bulgaria's Bankrupt Steel Mill Buyer on Watchlist over Taxes [Apr 27, 2011] Bulgaria's state revenue agency has vowed to keep a non-stop watch over the tax papers of the buyer of the country's biggest steel mill Kremikovtzi as many question marks surround the deal. Bulgaria finally sold earlier in April the production assets of bankrupt Kremikovtzi steel mill in a fourth auction to a newly established local company, owned by 26-year-old Lachezar Varnadzhiev. The deal ... [via YahooNews] More >>

Bulgaria's Steel Mill Buyer Faces Tax Probe [Apr 15, 2011] Bulgaria's state revenue agency said it has launched a thorough probe into the tax papers of the buyer of the country's biggest steel mill Kremikovtzi as many question marks surround the deal. Bulgaria finally sold on Tuesday the production assets of Kremikovtzi steel mill in a fourth auction to a newly established local company, owned by 26-year-old Lachezar Varnadzhiev. The deal was signed ... [via YahooNews] More >>

Bulgaria sells bankrupt steel mill [Apr 12, 2011] Bulgaria has finally sold the production assets of its biggest steel mill in a fourth auction to a local company. The sole bidder in Tuesday's auction, Eltrade Company EOOD, bought the bankrupt Kremikovtzi steel-maker at the opening price of euro162 million . [via YahooNews] More >>

Bulgaria Starts Third Auction on Bankrupt Steel Mill [Feb 07, 2011] Bulgaria has regrouped the assets of bankrupt Kremikovtzi steel mill and will auction them for a third time Monday after failing to attract any bidders in two previous auctions. For Monday's bid, the starting price will be set at BGN 395 M, which is a 31% drop from the initial price. The plant's remaining assets include some 300 service apartments, lands and mines. ... [via YahooNews] More >>

Bulgaria Regroups Bankrupt Steel Mill Assets to Sweeten Offer [Feb 04, 2011] Bulgaria has regrouped the assets of bankrupt Kremikovtzi steel mill to cut their price and will auction them for a third time on February 7 after failing to attract any bidders in two previous auctions. "This time we're selling the pre-production and steel production assets and we have taken out part of the transport infrastructure," Tsvetan Bankov, the factory's receiver, told Bloomberg agency ... [via YahooNews] More >>

Bulgaria Steel Mill Auction May Lack Bidders, Receiver Says [Sep 10, 2010] Bulgaria's auction next week of Kremikovtzi AD, a bankrupt steel mill, probably will fail to draw any bidders, raising the prospects the government will cut the price later, said Tsvetan Bankov, the factory's receiver. [via YahooNews] More >>

Busted Secret Agent Could Testify against Ex Bulgaria PM (Novinite.com) [Feb 20, 2010] The notorious former CEO of Bulgaria's troubled and now closed steel mill Kremikovtzi, Alexander Tomov, has suggested that busted secret agent Aleksei Petrov could testify against Ex PM Sergey Stanishev. [via YahooNews] More >>

Owner of Bulgaria Steel-maker Kremikovtzi Gets BGN 40 M Fine (Novinite.com) [Feb 18, 2010] The former owner of Bulgaria?s troubled steel mill Kremikovtzi, Finmetals Holding, will be fined BGN 40 M for failing to execute its investment program as stipulated by the privatization contract. [via YahooNews] More >>