By Andrey Medvedev
It seems that the interminable saga of Bulgartabac that has been going on for the past 13 years has finally reached a definitive but somewhat mystifying conclusion.
The story dates back to 1998, when the government of the former prime minister Ivan Kostov took a fateful decision to privatize Bulgartabac, the state-owned cigarette maker. The first real steps to sell the company were taken in 2000, when the Bulgarian government officially put Bulgartabac up for sale. Several international companies expressed their interest, but it never went very far and an agreement was not reached.
In 2002, the Bulgarian parliament approved a new privatization strategy for Bulgartabac and over the next several years, the government made two more unsuccessful attempts to sell the company to Tobacco Capital Partners.
Latest Issue
By Allen Liao
Staff Report
By Heneage Mitchell
Staff Report
Staff Report
Staff Report
Staff Report
By Heneage Mitchell
By Allen Liao 








