It is reported that workers from the now closed steel mill Kremikovtzi, near the Bulgarian capital Sofia, have renewed hopes they can receive their overdue salaries and wages through the Court.

The Sofia City Court has approved the invoice for distributing the mill's debt to creditors, a check of the Trade Registry, conducted by the Bulgarian Standart (Standard) daily, revealed.

The decision can be appealed with the Supreme Court of Appeals within 7 days, after it had been published while each appeal must be listed in the Trade Registry.

If there is no appeal overdue salaries in the amount of BGL 60 million must be paid to the steel workers in the very near future.

Bulgaria sold in April the production assets of bankrupt Kremikovtzi steel mill in a fourth auction to a newly established local company, owned by 26 year old Mr Lachezar Varnadzhiev.

(Sourced from www.novinite.com)