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Copenhagen Airports ready for new talks with Bulgaria

Date: 31.01.2006

The decision of Bulgaria's Supreme Administrative Court leaves open the issue about the concession of Bulgaria's coastal airports in Varna and Burgas and may lead to a serious delay in their expansion and modernization, says a statement of Copenhagen Airports.

A five-member-panel of Bulgaria's Supreme Administrative Court (SAC) halted the concession agreement between Bulgaria and the picked investor for Bulgarian coastal airports in Varna and Burgas - Copenhagen Airports AS. The decision taken at a Friday session is final and is not appealable.

In the statement, circulated to the media, Copenhagen Airports state their firm readiness to continue their participation in the procedures for concessioning the two airports, using all legal means.

"The company offered the best parameters for the country and once again states its readiness to implement its investment program and turn Varna and Burgas into modern European airports," the statement says.

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