Thursday, February 28, 2008

Large Bankrupcy of Bulgarian Building Companies

The bankruptcies in Bulgarian building companies had grown with 31% in the previous year, announced in Wednesday on press-conference Kamelia Popova, director of "Kofas Bulgaria", which is part of the world company of management of claims and credit insurance.
In 2007 are registered 115 bankruptcies, which is turning back to the level of 2005, while in 2006 their count was just 88. In her words the percentage of bankrupted companies is still too low in comparison of registered and working companies in Bulgaria, which is 1.2 millions of 240 thousands. The main reason of restricted count of bankrupcies is getting into debt between companies of more than 50 billions BGN and also the too slow legal procedure in proscribing of bankrupcy.

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posted by Zoritza Petrova @ 2:12 AM

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