Privatizations and 65 will fill the coffers next year

Next year’s cabinet is planning to complete 65 privatization sales, including a package of 15 companies with more than 50 percent government-owned and 50 minority packages. This was announced by Deputy Minister of Finance Ana Mihailova. According to her the bulk of the revenues expected from the privatization of Bulgartabac Holding AD, Sofia District Heating Plant „JSC, VMZ, Kintez SAD Sunny Beach AD and others.
Discuss the opportunities and the residual stakes in six electricity distribution companies to be quoted on BSE during the first half of 2010, further indicates Mihailova. According to her, it will attract foreign investor interest and will impact positively on the capital market. Than those of the vice. Finance Minister state companies only Sunny Beach AD may be divested of the general law.
Immediately after the selection of a consultant can begin the sale of Bulgartabac Holding, though it is the companies of strategic importance to national security, said of the Privatization Agency (PA). For it is prepared and adopted by the National Assembly privatization strategy . Fast transactions Kintez VMZ EAD and can not have, because by law they are also of importance to national security to be privatized, also requires strategy. Both companies, however, yet no one prepared.
In late September, Minister of Economy, Energy and Tourism Traicho Traykov said he Sofia heating will once again become whole municipal ownership, which means that its revenues from privatization will remain in the municipality.
The budget for 2009 is down from privatization revenues of 225 million, and in the financial estimates for next year – 201.5 million This means that privatization in the Treasury should take two years to 426.5 million
For the first half of this year, the AP reported, however, only 26 transactions to 17.6 million according to Dimitar Bachvarov member of the Supervisory Board of the Privatization Agency, privatization of companies such as Bulgartabac Kintez, diplomatic estate agency in the country „( ADIS) is extremely late. In his opinion the idea of all revenues from privatization to be „immobilized for at least 10 in Silver Fund is not very good at time of crisis.
He expressed concern on the placing and the remaining shares of six electricity distribution companies on the BSE. According Bachvarov state stakes are too minimal and would hardly solve the budgetary problems of the state. He announced a change in the so-called prohibition list, considering that it should take only companies related to national security. Currently there are over 160 companies.

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