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Bulgaria's Port Bimas gets antitrust clearance for port terminal concession

Bulgaria's Port Bimas gets antitrust clearance for port terminal concession Photo: Port Complex Ruse / All rights reserved.

SOFIA (Bulgaria), October 20 (SeeNews) - Bulgaria's competition authority said it granted approval to port operator Port Bimas, a wholly-owned unit of state-owned river shipping company Parahodstvo Balgarsko Rechno Plavane, to obtain a 35-year concession for the construction and operation of a cargo terminal with winter mooring facilities at the Danube port of Ruse.

A market analysis of the transaction is not required as the combined turnover of the parties to the deal on the Bulgarian market did not exceed 25 million levs ($14.9 million/12.8 million euro) last year, the Commission for Protection of Competition (CPC) said in its decision published on Tuesday.

The decision can be challenged by interested parties before Sofia Region Administrative Court by November 2.

The port in the city of Ruse is the biggest Bulgarian river port on the Danube. The port featuring two cargo terminals and a passenger quay is a multimodal transport center with a key position along the pan-European transport corridors.

(1 euro = 1.95583 levs)

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