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Bulgaria's richest man business in Serbia is in trouble

01. December 2008. | 12:32

Source: news.bg

After investigations for tax crimes were started against him, now the Serbian media inform that his business there has problems and the employees in his companies do not receive their salaries.

The richest Bulgarian, according to the ranking of the Polish magazine “Vprost” Hristo Kovachki faces problems not only in Bulgaria.

After investigations for tax crimes were started against him, now the Serbian media inform that his business there has problems and the employees in his companies do not receive their salaries.

In an article of the electronic journal “Press Online” 10 companies are being named, which were acquired by the businessman after privatization deals. Now, however, because of bad management it is even possible the local Agency for privatization to investigate whether all responsibilities under the sale contracts were being observed.

The Serbian enterprise are acquired with big debts – claims for “Focus” agency Dessislava Filipova, spokesperson for Hristo Kovachki, regarding the information for prepared strike actions of the Serbian employees.

“At the moment we are optimizing the productions and we are trying to balance between the old duties and the new production expenses and investments”, claims Filipova and adds that agreements were reached with the syndicates were reached in two of the enterprises”.

When in the beginning of 2008 Bulgaria recognized Kosovo's independence, part of the Bulgarian businessman working with Serbia gathered and lobbied for the establishment of a governmental organization for stimulation of the bilateral trade relations - “Bulgarian-Serbian economic forum”.

Hristo Kovachki was among the main initiators.

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