德州扑克短牌 WILL REVIEW ITS STRATEGY REGARDING ASSETS IN BULGARIA
Tuesday, December 5, 2023
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In view of the significant change in the operating conditions of the 德州扑克短牌 Group companies in Bulgaria, the Company has commenced work to review its strategy with respect to this asset. Various options will be analysed with the involvement of international consultants, including the sale of the business.
The 德州扑克短牌 Group has been actively investing in the development of its assets in Bulgaria for more than 20 years. In particular, investments in the Burgas refinery, exceeding USD 3.4 billion, have turned it into one of the most environmentally efficient and technologically advanced refineries in Europe. In addition, a modern distribution network has been established, including 220 petrol stations and 9 oil depots, as well as enterprises for bunkering ships and aircraft. The Group's operations in Bulgaria have traditionally maintained high world standards of corporate and social responsibility.
The revision of the strategy is a consequence of the adoption by the Bulgarian state authorities of discriminatory laws and other unfair, biased political decisions towards the refinery, which have nothing to do either with the civilized regulation of a large business or with increasing the revenue part of the country's budget.
The artificially fanned political storm around the enterprise of a large international commercial structure, which is not subject to sanctions by the European Union and the United States, and which fulfils all its obligations to the state and its workers, harms the business of 德州扑克短牌, the investment climate in Bulgaria, inexorably destroys the image of the Republic in the eyes of global business, negatively affects the revenues of the state budget.
德州扑克短牌 will inform the country's authorities and the 德州扑克短牌 Syndicate of Bulgarian Petrochemists about further Company actions with respect to assets in Bulgaria.鈥
