Fri, Feb 10 2012
Police was asked to guard the entrance of Kremikovtzi after protesting workers allegedly threatened to take over the plant
Photo: Assen Tonev
An appraisal estimates the troubled steel plant's assets at about 837 million leva, while it has debts of about 1.9 billion leva.
A working group will be formed to work out ways to lift ailing steelmaker Kremikovtzi out of the doldrums while protecting to the utmost the interests of the state, workers and bondholders, a government media statement said.
Kremikovtzi rescue plan envisions boosting processing capacity, but features no financial details.
The creditors of Bulgaria’s debt-ridden steel mill Kremikovtzi authorised the plant’s receiver, Tsvetan Bankov, to hold a tender and pick an appraiser for the company’s assets.
Works will be reviewed by a group of judges, and winners will receive certificates and prizes.
Seven arrested, including ‘The Squirrel’ who was found in possession of 10 00 euro, Interior Ministry says. Mobile phones, computer equipment and drug paraphernalia seized.
Maximum temperatures across the country will remain mostly below zero.
The first tremor was at about 12.34am, followed by another three minutes later. Their epicentres were located between the towns of Radnevo and Topolovgrad.
There was no risk of blackouts caused by insufficient power supply, Economy Minister Traicho Traikov told Bulgarian National Radio.