Deadline For Unsold Tobacco Offers Extended.

26.04.2002 Source: Novinite.com

The deadline for submitting offers for the purchase of 12,000 tons of unsold tobacco is to be extended till end-April, that’s by three more working days, Georgi Popov, Managing Director of Bulgartabac Holding, said. Bulgartabac Holding has been recognized as creditor of the factory in the Russian town of Belgorod. About a month ago a temporary manager was appointed there because of the factory’s huge outstanding debts to Russia’s budget. A contract has already been signed with one of the Russian companies, which will sell Bulgarian cigarettes on the Russian market. Valentin Gruev is the new member on Bulgartabac’s Board of Directors, the holding’s shareholders decided at an extraordinary meeting April 25