Radoslav Valchev News

German Investor Eyes Burgas Shipyards

First Investment Bank, the main creditor of the Burgas Shipyards AD, has expressed interest in handing over management of the company to a German investor. Radoslav Valchev, a representative of the Bulgarian office of the German company, explained Friday in an interview for the Bulgarian National Radio (BNR) that the company had prepared a rehabilitation plan for the factory. The fate of the Burgas Shipyards AD is to be decided next Wednesday. Valchev noted that in the case of a decision to hand over the management of the Burgas Shipyards to the German investor, the public tender for the sale of its property would be stopped and the laid-off staff would be reappointed.