Sun, Nov 08 2009

BULGARIAN BUSINESSES LURED IN A CATALOGUE SCHEME

Mon, Oct 22 2007 17:24 CET 1090 Views

More than 200 Bulgarian firms filed complaints with the Bulgarian-Swiss Chamber of Commerce (BSCC) after being allegedly lured by the Swiss company Intercable Verlag AG to be included in a business catalogue, BSCC managing director said, as quoted by Sega daily on October 22.

The companies were told they would be listed in the Trans World Business & Buyers catalogue and they signed an application form without paying attention to the fine-print note that thus they were entering a contract for a permanent presence in the catalogue, costing 785 euro a month. Now, Intercable Verlag AG had been sending them invoices for the amount and if not paid reminder letters were to follow. The Swiss firm had also been typically employing receivables collectors and had been threatening with court action.

A few years ago, similar complaints against Intercable Verlag AG were filed in Poland and the Czech Republic. In Bulgaria, the company had been operating for a year.

Prosecution authorities in this country had not yet been warned but the Swiss economy ministry and the Swiss embassy in Sofia had been notified, Vurbanov said.  He added that if businesses would show firmness and refuse to pay they would most probably be left alone. The Intercable Verlag AG case was well known to Swiss authorities. Since 2005, there had been an ongoing investigation of the company, which has been operating worldwide for 17 years, Sega said.

Write comment

Name:Comment:

Generate new code
Send your comment

More in this category

Bulgaria unemployment rate reaches 8.23% in October

Seven thousand people lost their jobs in October, labour minister says

EasyJet offers 30% promotional discount on all destinations

Once the promotional tickets are purchased during the discount window, they will be valid for the period January 4–March 30 2010

Long awaited repairs

Flannagan’s will be replaced by a French brasserie as part of a 10 million euro Radisson renovation

Mobile operator Globul reports 8.1% revenue drop in Q3

Globul has accumulated a profit of 139.1 million euro for the period January – September 2009, or a 0.3 per cent drop as opposed on last year’s results

Plotting the course

After 100 days in office, Finance Minister Simeon Dyankov pinpoints 10 key issues for Cabinet in ‘the next 100 days’