Bulgarian State To Have Its Own Golf Company
Updated on: 08.02.2008, 13:19
Published on: 07.02.2008, 12:23
The Bulgarian ministers decided a sole joint-stock company “Golf development” to be established with 100% state participation, informs darik.net.The company will deal with the designing, the construction and the administration of golf complexes. The aim is Bulgaria to become competitive golf destination for solvent tourists.
The company's capital will be 4 591 500 EUR, divided in 9183 nominal shares 500 EUR each.
“Golf development” will be managed by a 3-member council of directors, whose mandate with be 3 years.