The state-owned stake in Plovdiv Fair to be sold on the Stock Exchange

The MPs removed International Plovdiv Fair from the list of companies banned for privatisation - an integral part of the Privatisation and Post-privatisation Control Act. This happened after an hour of debates on the amendments to the Privatisation and Post-privatisation Control Act on Thursday.

The state-owned stake in International Plovdiv Fair is currently less than 50%. Therefore, it cannot fully participate in the management of the company and has not received a dividend in recent years. After its removal from the prohibitive list for divestment, the Privatisation and Post-privatisation Control Agency will put it up for sale on the Stock Exchange.

“The best price for the state-owned stake in Plovdiv Fair should be found and its divestment should be carried out publicly,” MP Dian Chervenkondev from GERB (Citizens for European Development of Bulgaria), commented during the debates.

Later on, Parliament revoked its decision of 2011, approving the strategy for the privatisation of VMZ-Sopot and removed the enterprise from the banning list for divestment in order to make possible its privatisation without an approved strategy.

Meanwhile, it became clear that, as of Thursday, the workers of VMZ-Sopot will be forced to go on a two-week paid leave.

The opposition from the Bulgarian Socialist Party opposed both proposals.

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