Vorskla Steel Bulgaria EOOD, which belongs to Ukrainian businessman Konstantin Zhevago, has announced that the company has started to fulfill its obligations toward Bulgarian steelmaker Kremikovtzi according to the tolling agreement concluded on August 11.
In line with its obligation under the tolling agreement with Kremikovtzi, Vorskla Steel has liquidated wage debts to the plant's workers by paying a total amount of BGN 3.5 million ($2.8 million). In addition, Vorskla Steel has closed the Bulgarian steel giant's debt of social compensation to the workers, paying BGN 795,000 ($635,000).