Shocker: Bulgaria Drops from UK Tourists' Cheapest Summer Spots List
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
Global engineer leader Robertshaw will now be the new owner of CastFutura goods manufacturer, which has bases in Gorna Malina as well as in Plovdiv, reports Money.bg
At the end of December, the US company has completed the acquisition of the Italian CastFutura, which until now has been the owner of the Bulgarian company Cast Futa BG.
"CastFotura is of strategic importance to Robertshaw, expanding our presence in Europe, the Middle East and Brazil," says US chief executive Mark Balcunas, quoted by PR News Wire.
"In addition to the company and its leading role in the market, we will create a more complete portfolio of gas supply products as well as cooking and heating equipment," he said.
The deal for the Italian company includes roughly 750 workers at CastFotura. The company has an engineering center in Italy and more operations in Bulgaria, Poland, Hungary and Brazil. Most of them work in Bulgaria - about 500 people. The company is one of the biggest employers in Plovdiv. Robertshaw's buyer's activity is related to the production of parts for energy regulation for washing machines, refrigerators, cookers, and more.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022