Big Win for Bulgaria and Romania as Austria Lifts Schengen Veto!
Austria has officially announced that it is lifting its veto on Bulgaria and Romania’s accession to the Schengen Area by land
Plovdiv is a brand new and ever more attractive business destination in Europe. The town has recently been proclaimed the European Capital of Culture of 2015. The ''Trakiya Economic Zone'' project is currently shaping to be one of the biggest investment projects for Bulgaria in the near future. The zone has also been included in the list of Bulgarian projects that could be financed through the Juncker development plan.
According to the preliminary prognoses, the Trakiya Economic Zone is expecting investments in the amount of EUR 1,1 B and additional 30,000 workplaces will thus be opened.
Additionally, Plovdiv has the ambition of becoming a base along the transcontinental corridor of Chinese goods traveling to Europe. Chinese investors have expressed their interest in the project on numerous occasions - to the announced concession of the Plovdiv Airport and its turning into a logistic hub between Europe and Asia.
The Japanese enterprise SMC Industrial automation (a leader in the market of pneumatic devices) has purchased a terrain in the Maritsa Industrial Zone and plans on launching a technological production site there.
The US producer of sensors for the automobile industry Sensata is currently constructing a huge production plant next to the village of Tsaratsovo in the Plovdiv region.
Companies like the Italian Zobele, the UK-base William Hughes, as well as Liebherr, Magna, Schneider electric, Techno Aktas and many more are already operating in the region.
More than 51% of the economy in the region is directed in the production sector with a total of 70,000 employees. It is expected that through the planned industrial projects, the work places will reach 100,000.
Bulgaria is expecting a boost in winter tourism this year, with about 3.1 million foreign visitors projected between December and March
Housing affordability in Sofia has improved since the pandemic, making it one of the few capitals in Central and Eastern Europe (CEE) to experience this positive trend
Thousands of Bulgarian consumers who invested in the British company BETL have reported that the company has stopped paying daily dividends and appears to have ceased its operations.
Employers' organizations in Bulgaria are urging the government to extend the compensation program for high electricity prices into 2025.
Israel has attacked locations in Syria where chemical weapons and long-range missiles are believed to be stored, aiming to prevent them from falling into the hands of adversaries, Israeli Foreign Minister Gideon Saar said today, as reported by the Associa
Oil prices increased in early Asian trading this morning after the fall of Syrian President Bashar al-Assad introduced greater uncertainty in the Middle East.
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