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Bulgaria's "Industrial Zones" Company is developing seven industrial zones. Photo by industrial-zones.bg
Bulgaria's National Company "Industrial Zones" Jsc was formally presented Wednesday by the Economy Minister, Petar Dimitrov.
The Company includes seven industrial zones around the country, and is intended to attract high-quality foreign investments, especially manufacturing operations with high added value and processing industries, according to its two CEOs, Kancho Kanchev and Plamen Radkovski.
The state "Industrial Zones" company is first going to develop seven industrial zones starting with three former duty-free zones in the Danube cities of Ruse and Vidin, and the Southeast town of Svilengrad.
The industrial zone in Ruse is located on a plot of 370 decares and is close to the only Danube bridge between Bulgaria and Romania; it is expected to grow to include 800 decares.
The Vidin zone has an area of 308 decares, with 16 firms already operating there, and the construction of a new Danube bridge expected to be completed by the end of 2010.
The Svilengrad zone has an area of 150 decares; it is located close to both Turkey and Greece, and it is going to emphasize light industry production and logistics.
The fourth industrial zone will in the southern city of Plovdiv with an area of 155 decares. The northern city of Pleven will be the site of the Pleven West industrial zone with about 2 000 decares. The central Bulgarian town of Karlovo is also going to host a new industrial zone with an area of 580 decares. The land for the latter two zones is going to be provided by the Ministry of Defense.
The seventh industrial zone to be developed is Varna-West, close to the Port of Varna, and with an area of 535 decares. According to Kanchev, Chinese investors have expressed interest in it.
Bulgaria's Economy Minister said during the presentation of the National Company "Industrial Zones" that a total of EUR 25 B of foreign investments had come to Bulgaria over the last five years.
He explained that the Industrial Zones company had received BGN 100 M from the state budget, and would also be funded through the PHARE Program with EUR 18 M, and the Operational Program "Regional Development" of the EU with another EUR 200 M.
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