Sat, Feb 11 2012

Company says it's ready to undo controversial land swop deal

Mon, Feb 15 2010 14:06 CET

byRene Beekman

1467 Views 1 Comment
Company says it's ready to undo controversial land swop deal

 
Photo: Anelia Nikolova

Pro Consult 2004, a company part-owned by Bulgarian advertising mogul Krassimir Gergov, was willing to undo a land swop deal and return 13.85ha of forestry to the state, a spokesperson said.

The land swop deal was part of controversial land swops carried out en masse during the Bulgarian tripartite coalition government's time in office, deals that are now being investigated by the European Commission as a possible instance of illegal state aid.

Undoing the deal would be subject to the condition that the state would not tolerate any illegal construction on the land, Bulgarian-language daily 24 Chasa said on February 13 2010.

The land was at the entrance to the Thracian Cliffs golf resort, an investment in which Gergov took part together with Bulgarian businessman Georgi Tsvetanski.

Thracian Cliffs is intended to become a seven-star golf and luxury real estate complex."We never intended to build on the land," a company spokesperson was quoted by 24 Chasa as saying.

"We wanted to prevent others from building on it. There is not even forest on it, just remains of illegal construction," the spokesperson was quoted as saying.

The company's offer to undo the deal came one day after the ruling GERB party organised a bus tour for journalists to plots that had been involved in controversial land swops.

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Comments

Anonymous peter Tue, Feb 16 2010 12:19 CET
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"We never intended to build on the land" , a "business man" invests in land he can't use? Why do I get the feeling something smelly is going on here?


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