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Bulgaria Cigarette Monopoly with BGN 25 Net Profit in 2008
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Bulgaria's cigarette-maker Bulgartabac registered a net profit of almost BGN 25 M in 2009, the company press service announced Wednesday.
This is an increase of 680% compared to 2007, when the company's net profit was only BGN 3,172 M.
This staggering increase, however, is primarily due to the sale of two of the company's formerly four plants as part a restructuring strategy aimed at optimizing and concentrating its production.
In July 2008, the Bulgartabac plants in the cities of Stara Zagora and Plovdiv were sold for BGN 18 M and BGN 31 M respectively on the Sofia Stock Exchange. Thus, the monopoly remained with only two plants located in Sofia and in Blagoevgrad.
In 2008, Bulgartabac sold a total of 17,314 billion cigarettes. Of these, 11,896 billion were sold in Bulgaria, and 5,418 billion were exported. The company's exports have increased by 16,84%.
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Bulgarian Properties |
Cheap Properties in Bulgaria >>
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The Rural Queen Bulgaria Property RUS6731
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 21800 EUR
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More than 12 500 sq.feet of Development land in Regulation - Ready to build - Bulgarian Property - RUS1591
Brief: Land for sale near Veliko Tarnovo
Area: 1200 sq.m.
Price: 12400 EUR
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Rural House for you RUS1571
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 9600 EUR
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The code of reaching happiness RUS1593 - rural property for sale in Bulgaria
Brief: Houses for sale near Veliko Tarnovo
Area: 100 sq.m.
Price: 8800 EUR
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Big plot (23 000 sq.feet), Two Houses and a Big Barn - Bulgarian Property - RUS1268
Brief: Houses for sale near Veliko Tarnovo
Area: 2180 sq.m.
Price: 17800 EUR
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Amazing view Development Plot on the River Bank - My Bulgarian Property - RUS1955
Brief: Land for sale near Veliko Tarnovo
Area: 1000 sq.m.
Price: 9200 EUR
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Building plot fro sale near ALBENA - VUS1209
Brief: Land for sale near Balchik
Area: 1600 sq.m.
Price: 50000 EUR
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Don't buy a house! Buy a Home! - RUS1228
Brief: Houses for sale near Srebarna
Area: 150 sq.m.
Price: 26600 EUR
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The perfect combination: nature, history and a pretty home My Bulgarian Property RBP21
Brief: Houses for sale near Ruse
Area: 200 sq.m.
Price: 93000 EUR
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Build your dream home on the sea - Bulgarian Property - RS15202
Brief: Land for sale near Balchik
Area: 1200 sq.m.
Price: 72000 EUR
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Another property for sale near Ruse Bulgarian Property - RUS 1280
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 6900 EUR
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House near an ancient Rock Monastery - Buy Property in Bulgaria - RUS1208
Brief: Houses for sale near Ruse
Area: 130 sq.m.
Price: 35900 EUR
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The place where you belong - VUS1207
Brief: Houses for sale near Silistra
Area: 60 sq.m.
Price: 9500 EUR
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On your way to the Sea RUS1290
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 14000 EUR
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