Minister Traikov invites German companies to participate in the privatisation of Kintex

Minister of Economy, Energy and Toursim, Traicho Traikov, invited German investors to participate in  the forthcoming privatisations in Bulgaria, including the sale of the arms dealer Kintex. This happened in Berlin, during the eighth session of the Bulgarian-German Cooperation Council, organised by Commerzbank, the second largest bank in Germany. Among the other companies, slated for divestment which Traikov mentioned are Bulgarian Posts, VMZ-Sopot, minority stakes in the electricity distribution companies, the Shumen heating facility, the State’s stakes in the free zone in the towns of Burgas, Plovdiv, Svilengrad and the transit trade zone in Varna.

In order to sell Kintex, a strategy for the company’s divestment should be approved first since the state-owned arms dealer is an important company for national security. The idea of selling Bulgarian Posts is similarly controversial and the company remains on the prohibitive list for privatisation, at least for the time being.

Traicho Traikov also presented the opportunities for new investments in the spheres of energy and energy efficiency, the construction of treatment facilities, infrastructure, transport, outsourcing and logistics.

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