HOT: » Which party would you vote for (if you could) in the upcoming snap vote in Bulgaria on April 19?
Send to Kindle
Pictured: Bulgarian PM Borisov in the new Sisecam factory in Targovishte. Photo by BGNES
Turkey's glass producing giant Sisecam is not worried by potential competition in Bulgaria by the Chinese state-owned company China Luoyang Float Glass Group, Sisecam CEO Ahmet Kirman told Novinite.com (Sofia News Agency) in an interview.
On February 7, 2011, Sisecam Board Chair and Managing Director Ahmet Kirman inaugurated together with Bulgarian Prime Minister Boyko Borisov the "Sisecam" factory for automobile glass in the northeastern city of Targovishte. The brand-new investment is estimated at USD 25 M and will provide work for 130 people.
However, the total investment of Sisecam in Bulgaria's Targovishte through its subsidiary Trakiya Glass Bulgaria amounts to some USD 400 M; it employs 1 500 workers in Bulgaria. Kirman and the other managers of the Turkish glass giant have made it clear that they plan to build four more plants or production lines in Targovishte worth another USD 400, and to have a total of 2 500 workers in the Bulgarian city if the Bulgarian government meets their requests for tax breaks.
Kirman told Novinite.com (Sofia News Agency) that Sisecam is not at all concerned by the potential appearance of a glass producing competitor in Northeast Bulgaria, in the city of Razgrad, which is only 30 km away from Targovishte, in the face of the Chinese state-owned company China Luoyang Float Glass Group.
China Luoyang Float Glass Group first declared its interest in in investing in the former glass factory in Bulgaria's northeast city of Razgrad in 2008, and while the investment has not gotten through yet, it remains highly likely that it will be realized.
In April 2008, the Vice President of CLFG, Li Wei, announced the Chinese holding was going to invest at least EUR 80 M in the former "Diamond" factory in Razgrad, which was shut down in 2000 over financial troubles. In 2007, its assets were bought by the Plovdiv-based firm Via Properties, with which the Chinese company is planning the investment.
CLGF is a state-owned company, and ranks third largest in the world in production of flat glass. The plant in Razgrad is expected to employ 300 wokers.
Should the Chinese investment in Razgrad become a fact, there will be two large-scale foreign-owned glass producers in Northeast Bulgaria, which could lead to competition for both European markets and local labor. Turkey's Sisecam appears to be in a stronger position since it already has a strong foothold in the region, and its existing and planned investments appear to be much more massive.
"I don't believe that they will be able to compete with us," Sisecam CEO Ahmet Kirman told Novinite.com (Sofia News Agency) expressing skepticism that the China Luoyang Glass Group investment in Razgrad will even be realized as its plans have dragged on for several years. He made it clear that potential Chinese investment in Razgrad will not affect the investment plans and decisions of Sisecam in Bulgaria.
A 54-year-old man has died after being brutally beaten while attempting to defend his daughter during a late-night incident in Bulgaria's Razgrad region
A national breakdance championship will bring together competitors from across Bulgaria in Razgrad, where dancers will showcase their skills in a spring season competition
Vice President Iliana Yotova’s decision to nominate Bulgarian National Bank Deputy Governor Andrey Gyurov as acting prime minister triggered immediate and sharply divided reactions across the political spectrum
President Iliana Yotova has formally nominated Andrey Gyurov, Deputy Governor of the Bulgarian National Bank (BNB), as Bulgaria’s caretaker Prime Minister.
During consultations with President Iliana Yotova, "Greatness" party leader Ivelin Mihaylov emphasized the urgent challenge facing the caretaker government: halting ongoing harmful processes and initiating a positive recovery.
Deputy Ombudsman Maria Filipova has said she is ready to assume the position of interim prime minister, it became clear following consultations with President Iliana Yotova.
Industrial output in Bulgaria posted a modest monthly increase in February 2026, but continued to decline sharply on an annual basis, according to preliminary, seasonally adjusted data from the National Statistical Institute.
Up to 90 percent of construction and renovation workers in Bulgaria are operating outside the legal framework, according to entrepreneur Lozan Lozanov, who raised concerns about the lack of regulation in construction and installation services
Bulgarian Agriculture Minister Ivan Hristanov has said that milk prices in Bulgaria are falling for consumers while production costs for farmers continue to rise, creating increasing pressure on the sector.
Bulgaria saw a sharp rise in labor costs at the close of 2025, with total employer expenses per hour worked increasing by 13.9% in the fourth quarter compared to the same period in 2024, according to preliminary figures from the National Statistical Insti
Each December, several factories across the Midlands manage their busiest weeks with clipboards in hand.
Germany’s online gambling market has become one of the most closely observed case studies in digital regulation.
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
