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Debts sink Bourgas Shipyards JSC
The future of Bulgarian ship builder Bourgas Shipyards JSC is unclear, Banker weekly reports. Bulgarian media started talking about the ship builder’s problems in December 2013. It transpired in November that the company is on the verge of bankruptcy and would halt operation because of outstanding debts. First Investment Bank is one of the company’s main lenders and the company has assets worth BGN 15.8 million pledged as collateral in favour of the bank.
Source: FOCUS News Agency
Source: FOCUS News Agency
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