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Bulgaria Cigarette Monopoly with BGN 25 Net Profit in 2008

by Sofia News Agency www.novinite.com


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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Brief: Houses for sale near Ruse
Area: 100 sq.m.
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Brief: Land for sale near Veliko Tarnovo
Area: 1200 sq.m.
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Brief: Houses for sale near Ruse
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Brief: Houses for sale near Veliko Tarnovo
Area: 100 sq.m.
Price: 8800 EUR
Big plot (23 000 sq.feet), Two Houses and a Big Barn - Bulgarian Property - RUS1268
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Building plot fro sale near ALBENA - VUS1209
Brief: Land for sale near Balchik
Area: 1600 sq.m.
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Don't buy a house! Buy a Home! - RUS1228
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Area: 150 sq.m.
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Brief: Houses for sale near Ruse
Area: 200 sq.m.
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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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Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 6900 EUR
House near an ancient Rock Monastery - Buy Property in Bulgaria - RUS1208
Brief: Houses for sale near Ruse
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Price: 35900 EUR
The place where you belong - VUS1207
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On your way to the Sea – RUS1290
Brief: Houses for sale near Ruse
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Price: 14000 EUR
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