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Price of Bulgaria Air Is at least 10 Million Levs

Date: 05.09.2006

The two bidders for Bulgaria Air - Balkan Hemus Group and Air One Bulgari - should offer at least 10 million levs (1 euro = 1.95583 levs) to obtain the airlines.

The final offers of the two bidders will be accepted by October 5, 2006, sources from Bulgaria's Privatization Agency released.

By September 28, representatives of the two companies will be given the opportunity to take a close look at Bulgaria Air.

Inquiries and explanations on the procedure can be made by September 29. Most probably the new owner of the Bulgaria's Flag Carrier will be selected within a month's time.

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