The Minister of Economy and Industry Bogdan Bogdanov ordered a full analysis of all possible actions by the Ministry of Economy and Industry in the case of the Plovdiv Fair to protect the state interest.
We would like to remind you that in 2017 the Varna Municipal Council made a decision to transfer free of charge from the Varna Municipality to the State, in the person of the Minister of Economy, more than 16 million dematerialised shares representing 29% of the capital of International Fair Plovdiv. With this decision the municipal councillors instruct the Mayor of Varna Municipality to sign a contract for the free transfer of ownership of the shares and to carry out all other legal and factual actions for their transfer. However, the decision was not implemented.
Four years later, in 2021, the Varna Municipal Council made another decision for the contribution of the municipality’s shares in the capital of International Fair Plovdiv AD to Paldin Turinvest AD, and the Ministry was not notified of this act.
After that point, the Ministry of Economy and Industry was not a party to the case. Following today’s decision by which the Court of Appeal — Plovdiv ruled that the Registry Agency has no legal interest in the case, Minister Bogdanov ordered a comprehensive legal analysis and a study of all possible actions of the Ministry in this situation.