Банкеръ Weekly

Briefs

SOPOT-BASED VMZ BUYER WILL NOT PAY DEBTS

The Government canceled ZUNK debts of the Vazovski Machine-Building Plants (VMZ) in Sopot (ZUNK is the Bulgarian acronym for the Act on the Settlement of Non-performing Credits, Contracted Prior to December 31, 1990). It means that the future owner of over 50% of the company's capital, which...
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