Bulgaria - Bulgartabac Holding” will be privatized in 2010..

December 7, 2009 - Bulgaria's Economy and Energy Minister, Traicho Traikov, announced Friday that the State owned “Bulgartabac Holding” will be privatized in 2010. Back in August 2009 - we reported:Bulgaria - new government to speed-up Bulgartabac sale.. Map of Bulgaria..

Traikov further announced the conditions for the competition to select a consultant for the cigarette-maker's sale are ready and the competition itself will be announced in a matter of days.

“Bulgartabac” had a significant contribution to the country's public finance this year with the additional BGN 40 M going into the State budget,” Traikov is quoted as saying.

Reference: Bulgaria Tobacco Monopoly Bulgartabac to Be Privatized in 2010, Novinite.com (Sofia News Agency), 12/4/2009.

Bulgaria related news briefs:
Bulgaria - MPs Impose Hefty Fines on Cigarette Sales Violators..;
Bulgartabac Chief - cigarette tax increase as of January 1, 2010..;
Bulgaria Bulgartabac Holding Sells 23% of Shares to Mutual Funds..;
Bulgaria - more than 70% of smokers want to quit..;
Bulgaria - cigarette taxes going up each year except 2011..;
Bulgaria - chair of the economic committee in parliament disapproves of planned raise in excise duties on cigarettes..;
Bulgaria and others - smoking ban, increased cigarette taxes, smuggling..;
Bulgaria - Cigarette excise duties will be increased next year..;
Bulgaria - cigarette contraband, government loses BGN 920M yearly..;
Bulgaria - one third of the tobacco products sold are illicit..;
Bulgaria - new government to speed-up Bulgartabac sale..;
Bulgaria - Fake Victory Light cigarettes..;
Bulgaria's tobacco monopoly may be up for sale..;
Bulgarian lawmakers vote to ban smoking in all publc places from June 2010..; Bulgarian tobacco company Sofia-BT exports increase by 541 percent..;
Does Russia own Bulgaria's tobacco monopoly, Bulgartabac..;
EU percent of adults smokers -highest Greece 1 , Bulgaria 2.. - lowest Slovenia..;
Bulgaria - 1 in 3 youths smoke / half of pregnant women smoke..;
PMI training Bulgarian custom officers to stop cigarette smuggling..;
Philip Morris International (PMI) was truly happy they had been back in the Bulgarian cigarette market for a year and had already had 6.8% of market..;
WHO FCTC Protocol to Prevent Illicit Trade in Tobacco Products Won't Be Completed Until End of 2010..;
WHO Report on the Global Tobacco Epidemic 2008..;
Bulgaria Enters 2009 with Cigarette Prices Hike...
Bulgaria is marking Tuesday, November 10, 2009, the 20th year since the internal coup at the Bulgarian Communist Party which led to the crumbling of the communist regime.



December 23, 2009 at 9:26 AM

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