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Bulgaria's National Palace of Culture to Become Public Company
1 min read Real Estate Source: Novinite
From our news archive: this article was published in May 2011. Figures and rules may have changed since.
The Bulgarian National Palace of Culture (NDK) in downtown Sofia is to become a public company, the country's Council of Ministers decided Wednesday.
NDK will be a state company, initially within the Ministry of Finance, Finance Minister Simeon Djankov has explained. It will stay within the Ministry until a financial audit covering its last 10 years is carried out.
NDK is the largest multifunctional congress, conference, convention and exhibition center in Southeastern Europe. It was opened in 1981 and has an area of 123,000 mІ on eight floors and three underground levels.
Curiously, more than 10,000 tons of steel were used for the construction of the NDK - 3,000 more than the Eiffel Tower.
Originally published by Novinite.
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