Банкеръ Weekly

Briefs

CABINET EXPECTS BGN3MN IN DEFAULT FROM PRIVATISATION IN TRANSPORT

The State's receivaibles in default from privatisation contracts in transport for the 1997-2000 period are estimated at about BGL3Mn. The list of inaccuarte buyers who have failed to fulfill their commitments for investments and working positions is headed by Transauto Pazardjik, owing BGN804,000, Rousse Despred - owing BGN260,000, and Transmineral Sofia - owing BGN213,000. The total number of agreed working positions that have not been created by enterprises in this sector amounts to 1,400, or 10% of the projected. According to the Deputy Minister of Transport and Telecommunications Zlatolina Moukova, almost all of the 130 divested companies in the branch face serious problems regarding their development.

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