Sofia court declares steel pipes maker Inter Pipe insolvent

The decision was taken on October 1. A meeting of the company’s creditors is scheduled for November 6, the court's decision, published on the register's website, showed.

Inter Pipe's total obligations amounted to 43.5 million levs ($29 million/22.2 million euro) at the end of 2011.

(1 euro = 1.95583 Bulgarian levs)