The Irish metal-processing company Navan Mining, whose main activity is concentrated in Bulgaria, officially announced that it enters an insolvency procedure. In the statement of the company is said that the Managing Board decided that the trade activity of Navan will be immediately ceased, because there were no perspectives for providing the needed financial resources at the moment. Navan has debts in amount of USD 24 million. The company has no financial resources for the payment of these debts.