Bulgaria\'s Cabinet approved on October 5 2011 the sale of 15 properties owned by the country\'s postal services operator Bulgarian Posts.

The properties on the list are in Sofia, Varna, Bourgas, Vratsa, Nessebur, Yambol, Blagoevgrad, Apriltsi, the Government\'s press office said.

The properties have lost their initial designation and function and Bulgarian Posts lacks capacity to keep them in good condition. Besides, their upgrade and maintenance requires investment that the Bulgarian Posts cannot provide, the statement said.

\"Most of the properties have been closed for years, while others that are still in operation record higher costs than income,\" according to the statement.

The asset sales are expected to ensure proceeds that will help the state-run company improve its financials.