The Head Office of PHARE programme in Brussels approved the last consultant "Arthur Andersen", which will select buyers of "Neftochim" JSC (Bourgas), "Petrol" SPJSC (Sofia), "Sviloza" SPJSC (Svistov), "Neochim" SPJSC (Dimitrovgrad), said the Executive Director of Privatization Agency, Mr. Alexander Sabotinov. "UBS", "Meryll Lynch" and "Nat West" show interest in the privatization of "Bulgartabac Holding" JSC.
Source: Trud (06.01.1998)

Privatization Agency promulgated the decision for opening of privatization procedure for up to 75 per cent of the shares of "Petrol" SPJSC (Sofia). PA also complemented its decisions for opening of privatization procedures of "Neochim" JSC (Dimitrovgrad), "Neftochim" JSC (Bourgas) and "Sviloza" JSC (Svistov) and authorized "Arthur Andersson Bulgaria" to be privatization consultant.
Source: Democracy (22.01.1998)

"Bulgargas" JSC demanded before court for a proclamation of "Neochim" JSC insovent because of its debts in the amount of BGL 13,8 billion. At the present moment there is a procedure opened for cash privatization of "Neochim" JSC. Privatization consultant is the American company "Arthur Anderssen".
Source: 24 chasa (23.01.1998)

There is a possibility for "Bulgargas" SPJSC (Sofia) to become owner of the manure plants, which have debts to the company and for which there is no candidate-buyer, PA's Executive Director Mr. Zahari Zheliazkov reported. "Chimco" JSC (Vratza), "Agropolychim" JSC (Devnya), "Agrobiochim" JSC (Stara Zagora) and "Neochim" JSC (Dimitrovgrad) owe nearly BGL 200 billion for natural gas supplies.
Source: Trud (13.07.1998)

The state will not form a holding of the manure plants, the Deputy Minister of Industry Mr. Stefan Stavrev reported. The idea for such a holding was reported by the Executive Director of "Bulgargas" JSC Mr. Vasil Philipov. In this holding except for "Bulgargas" JSC had to be included "Chimco" JSC, "Agrobiochim" JSC, "Agropolychim" JSC and "Neochim" JSC.
Source: 24 chasa (15.07.1998)

The losses of "Agropolychim" JSC (Stara Zagora) for the first half of 1998 are in the amount of BGL 19 billion. By the end of July the workers will receive only 75 per cent of their salaries for April. On July 15 there was a meeting of the directors of the manure plants, at which was discussed a rehabilitation programme for the chemical plants.
Source: Standart (16.07.1998)

"Elektrosnabdyavane" JSC (Haskovo) fixed a final term for "Neochim" JSC (Dimitrovgrad) to pay its debts for energy supply, which reached BGL 2.152 billion.
Source: BTA (12.08.1998)

In "Agrobiochim" JSC (Stara Zagora) will be closed several work shops. In the plants "Chimik" JSC and "Neochim" JSC will also be closed works shops for production of organic materials. In "Agropolychim" JSC (Devnya) will temporarily be stopped the production of ammonium nitrate. Production activities will be restored after stabilization of the international markets.
Source: Democracy (21.08.1998)

There are many world-wide companies submitted applications to participate in the privatization of the state oil company "Petrol" JSC (Sofia), the Director of Bulgaria project of the privatization adviser "Arthur Anderson Bulgaria" Ltd. Mr. James Bluet-Maundy. According to Mr. Maundy Privatization Agency took a decision to sell 75 per cent of the capital of "Petrol" JSC through negotiations with potential buyers. "Arthur Anderson" was selected by the PA for privatization adviser of the following companies "Petrol" JSC, "Neftochim" JSC, "Svilosa" JSC and "Neochim" JSC. The procedure of the sale of "Svilosa" JSC is in the most advanced stage, added from the privatization adviser. There are submitted offers and till the end of August will be selected one or two companies with which will be started negotiations.
Source: Trud (26.08.1998)

"Neochim" JSC (Dimitrovgrad) will decrease the price of ammonium nitre, was reported by the plant's management. One ton ammonium nitre will cost BGL 203.000 without Value Added Tax.
Source: Standart (05.10.1998)

"Agropolychim" JSC (Devnya) will report a profit of BGL 16 billion for 1999 in case of introduction of lower prices of natural gas for manure plants, reported the Deputy Minister of Industry Mr. Stefan Stavrev. On October 6 in the Ministry of Industry were represented 4 versions for the development of the manure plants "Agropolychim" JSC (Devnya), "Agrobiochim" JSC (Stara Zagora), "Neochim" JSC (Dimitrovgrad) and "Chimko" JSC (Vratza).
Source: Pari (07.10.1998)

From the next year four fertilizer plants will pay their debts to the state-owned "Bulgargas" JSC for three years without a grace period and in interest of 43 per cent. The payment will be in the price of the natural gas of BGL 135,738 which is 5 per cent less than the current price. This is one of the opportunities for the payment of debts of the following plants: "Chimko" JSC, "Agrobiochim" JSC, "Neochim" JSC and "Agropolichim" JSC. The other opportunity stipulates a remission of all interest and the half of the capitals in an extension of the debts for the same period.
Source: BTA (27.11.1998)