Bulgargaz said that it would not cut gas supplies to Kremikovtzi for one more week. It had warned that it would cut off deliveries over unpaid bills, closing the smelter's major production units.

It may be noted that Kremikovtzi future looks increasingly gloomy amidst workers' rallies over pay and the pulling out of investors.

Mr Plamen Stoyanov executive director of Kremikovtzi denied reports that Brazilian CSN has confirmed it is no longer interested.

He said that gas deliveries will be conditional on the final outcome of the negotiations with CSN for a tolling deal to buy coke from Kremikovtzi. He added that "Talks are expected to be wrapped up in a week a week."

(Sourced from www.novinite.com)