German Investor to Build Cable Factory in Bulgaria's Pleven
A German investor intends to build a cable factory in Bulgaria's northwestern city of Pleven.
The information was reported by the Pleven Regional Governor Iliyan Yonchev, cited by the Bulgarian news agency BTA.
Yonchev says the work group meeting about the project is scheduled for January 23. The investor has an interest in a land plot in the residential area "Storgozia," added the governor.
"That a team from Germany arrives in Pleven for talks on a specific investment project for me is proof that their intentions are very serious," Yonchev explained and reminded that the Municipal Council in Pleven has already discussed the idea and decided to support it.
The expectations are for 150 people to be employed in the first stage of the project's implementation, and 500 in the final stage.
- » Bulgaria’s Mining Output Rises 12% in 2015
- » Aviostart Gets Nod to Offer to Supply Engines for Bulgarian MiG-29s
- » U.S. Delegation Visits Bulgarian Arms Maker VMZ Sopot to Discuss Expansion of Ties
- » Bulgaria Says China Proposing to Invest USD 100 M in Car Wheel Plant in Ruse
- » China’s JAC Motors Looks into Opportunities to Start Making Electric Cars in Bulgaria
- » Yazaki to Invest BGN 45 M in Its 3rd Bulgarian Plant