The deal with the sale of the Elpribor JSC - Bourgas may be annulled because of serious breaches in the privatization contract from the side of the buyer - the former privatization fund Bulgarcheh Invest. It is expected within 20 days a commission from the Ministry of Economy to visit the company in order to check whether the procedures after the privatization are abided. According to the workers in the last 3 years, whenever Bulgarcheh Invest became an owner of 87 per cent of the capital of the company, 50 per cent of the production equipment are stopped and over 200 workers are laid-off although there is an exclusive clause in the contract for not dismissing any personnel and not changing the activity of the company in the period of 3 years.
Source: Pari (09.05.2000)