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Bulgarian State ready to buy out Kremikovtzi products

Date: 02.11.2008

Bulgaria's Minister of Energy and Economy Petar Dimitrov announced Friday in the lobby of the Parliament that the Bulgarian state was ready to buy out the products of Kremikovtzi that were on storage.

In his words, the deal would be for about 24 000 tons of steel products, which would be purchase on market prices.

Dimitrov denied the allegations that the state was going to buy out low-quality products stored at Kremikovtzi.

The step might be made in order to provide funds for workers' salaries in case the present plans of the government to stabilize the factory fail.

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