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Distribution of vignettes to start on 18 January 2010

The Vignette stickers will be sold at points convenient for citizens

Today the Consortium “Distribution of Vignette Stickers” between CIBANK and VIP Security signed a contract for distribution of vignette stickers with Road Infrastructure Agency (RIA). The contract is for three years and it expires on 31 December 2012. The Consortium won the tender by offering the lowest price of a 4.75% commission, which in terms of costs for the state is two times less compared to the previous 4 years.
„The signing of this contract will put in order and guarantee the successful distribution of vignettes, said the Minister for Regional Development  and Public Works Rosen Plevneliev and he emphasized that the state is making a profit because it has obtained a price which is two times lower compared to the previous tender held 4 years ago, and the quality of the service is much higher.”

Under the contract the consortium has 5 days from the receipt of all vignettes from RIA to distribute them to the final points of sale. Upon provision of the stickers after the contract has been signed, the consortium is ready to start selling them right away throughout the country on 18 January 2010. For ultimate convenience of citizens, the consortium has established a wide distribution network and it already has agreements with most of the major petrol stations in Bulgaria – OMV,  Petrol, Lukoil, Eko, Litex.

“We won because we played by the rules.This was a transparent and well-organized competition for which we were well prepared, we showed that we had the technical capacity to do the job and we offered the lowest price.   These are the facts – said the CIBANK’s CEO Petar Andronov. Since 2007 CIBANK’s  majority shareholder has been КВС – one of the largest and most reputable international financial groups which has so far invested EUR 800 million and has clearly stated its long-term intentions in terms of  the Bulgarian market. An investor of such rank can afford to do little else but to strictly observe the laws and regulations.
 „In addition to offering the best price, the consortium won because it has the technical capacity to carry out the order. As one of the leaders with a serious market share of the segment “Collection Activities – Protection of Valuable Shipments”,  VIP Security has a great deal of experience and the potential to process and distribute valuable shipments and cash. This makes us confident that in undertaking this activity we will impose the best European standards at a much lower price” – commented Atanas Simeonov, Manager of VIP Security

The consortium website was launched today. It will contain all the necessary information about the vignettes, including the addresses of all points where these will be sold. “Distribution of Vignette Stickers” has developed a special procedure to facilitate corporate clients. Distribution companies can send their requests at, while corporate clients – at

Additional Information:

CIBANK PLC is one of the leading commercial banks in Bulgaria with assets of approx. BGN  2 billion at the end of 2008, a wide branch network of 135 branches and a wide range of products and services for both individuals as well as corporate clients and small and medium-sized enterprises.

Since the end of 2007 CIBANK has been part of KBC – the second largest bancassurance group in Belgium, 11th in Europe and in the top 5 for Central and Eastern Europe.   This integration into the structures of KBC together with DZI allows for a good partnership between the two institutions and an innovative approach in offering new bancassurance products on the Bulgarian market.

VIP Security celebrated its10-year anniversary in 2009 with over 1000 employees.

The company offers services across the whole spectrum of the security sector.

In 2007 by acquiring “Optima Financial Services” VIP Security realized the biggest deal in the security industry in Bulgaria and established itself as one of the leaders with a serious market share in the segment “Collection Activities – Protection of Valuable Shipments”.

VIP Security’s customers in the field of cash services and bank security include  UniCredit Bulbank, UBB, Allianz Bulgaria, CIBANK, Alpha Bank, Corporate Commercial Bank, City Bank, Teximbank, MKB Unionbank.

The security services company has more than 120 specialized armored vehicles for the transportation of valuable shipments.

The company holds a license under BNB’s Ordinance 18 on the Control over Quality of Banknotes and Coins in Cash Circulation.

For more information:

Daniela Boyanova
Head of CIBANK’s «Corporate Communications»
0878 52 6303,

Nikolay Stoayanov, PRoPR