Logistical Center to Be Built near Stara Zagora under JESSICA initiative

Business | July 16, 2015, Thursday // 13:40
Bulgaria: Logistical Center to Be Built near Stara Zagora under JESSICA initiative Photo by speedy.bg

PIT BOX EOOD will build a logistical center in the southern village of Madzherito, Stara Zagora Municipality, under a EUR 1.9 M project financed under the EU’s JESSICA initiative.

Societe Generale Expressbank and the Regional Urban Development Fund have granted a 15-year investment loan of EUR 1 942 930 to PIT BOX EOOD under the JESSICA initiative (Joint European Support for Sustainable Investment in City Areas), according to a media statement.

The co-financing provided by the bank amounts to EUR 1 298 700.

The logistical center will be leased to Speedy, the largest Bulgarian courier company, under a long-term contract.

The logistical center will support the pallet services of the company, one of the swiftest developing business lines of Speedy.

The modern logistical center will be built on the territory of the former state-owned poultry processing plant near Stara Zagora on an area spanning 5400 square meters.

The project will create 10-15 permanent jobs, as well as 40 temporary jobs during the construction works.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: logistics center, Stara Zagora, courier services, Speedy, JESSICA, EU funding
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria