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Bulgarian President Rosen Plevneliev has argued that the structure of investments in Bulgaria has improved substantially. Photo by BGNES
Bulgarian President Rosen Plevneliev has drawn attention to a change in the structure of investments in Bulgaria.
Speaking Tuesday at the opening of a new plant of the Swiss company Reichle & De-Massari (R&M) in Sofia, he said that Bulgaria was
"Bulgaria is repositioning itself on the path of investments," Plevneliev noted.
"If by 2008 the country mostly attracted investments in property and financial resources, today these segments only account for 15% of the investments, the remaining 85% being plants and machine technologies which open horizons to the future," Bulgaria's head of state declared.
He went on to say that he was proud to see the high-tech plant open in Sofia, adding that Switzerland had the most competitive economy and was a symbol of highest quality production on a global scale.
"As a result, our country is gradually turning into a little Switzerland," Plevneliev suggested, as cited by Sega daily.
The total investment in the new Sofia-based plant of the Swiss company "Reichle & De-Massari" for design, manufacture and assembly of fiber optic components amounts to BGN 9.7 M, which does not include a sum of around BGN 8 M which went to purchasing the building.
The new plant is to create 100 jobs by end-2012 and its output is to be exported worldwide.
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