First part of 2012 has seen increased investments in Bulgaria – Economy Minister

Written by on June 25, 2012 in Bulgaria, Business, News - No comments
Bulgaria's Economy Energy and Tourism Minister Delyan Dobrev, left.

The first four months of 2012 have seen close to seven times more investments in Bulgaria than in the same months of 2011, Economy, Energy and Tourism Minister Delyan Dobrev said on June 25 2012.

From January to April 2012, investments in Bulgaria added up to 407 million euro, while in the first four months of 2011, the sum was 63 million euro.

Dobrev was speaking at a ceremony to award a Class A investor certificate to Plastchim-T. The company is to invest about 35 million leva in a new extruder for polypropylene film production, slitting machine and recycling machine and will create 32 jobs, according to a report by local news agency Focus.

“I congratulate the company on its bravery to invest 35 million leva amid hard times,” Dobrev said.

“I am happy to give this certificate to a Bulgarian company, because the previous certificates were given to foreign companies. InvestBulgaria Agency does not make a difference between Bulgarian and foreign investors. Any investor who is ready to invest more than 10 million euro in Bulgaria will get a Class A certificate,” he said.

Since the beginning of 2012 five investment certificates have been awarded – four Class A certificates and one Class B certificate. The total value of the investment certificates is 454 million leva. More than 580 permanent jobs are created in the projects. Four projects worth BGN 92 million in total were certified as Class A in 2011.

“We hope the trend will continue,” Dobrev said.

(Photo: Bulgarian Ministry of Economy, Energy and Tourism)

Comments

comments

About the Author

The Sofia Globe - Bulgaria’s fully independent English-language news and features website, run by an all-expatriate team. Sign up to subscribe to sofiaglobe.com's daily bulletin by using the form on the homepage of our website. Please click to support our advertisers!