Qatar to Invest Serious Funds in Bulgaria's Sheep Breeding

Business | May 23, 2013, Thursday // 16:14
Qatar to Invest Serious Funds in Bulgaria's Sheep Breeding: Qatar to Invest Serious Funds in Bulgaria's Sheep Breeding Qatar plans to invest millions in facilities for sheep breeding in Bulgaria, file photo by BGNES

Qatar plans to invest serious money in Bulgarian farming, according to the Academy of Agriculture, SSA.

BGN 80 M will be invested in creating science-production facilities for sheep breeding in various SSA units.

The funds will be invested in the course of three years.

Facilities for lamb breeding for export will be built in the Livestock Breeding Institute in the town of Kostinbrod, the Farming Institute in the city of Stara Zagora, the Institute for Mountain Livestock Breeding in the town of Troyan, and the Field Agricultural Station in the city of Targovishte.

The project has been agreed on in 2012, but has been frozen due to lack of funds at SSA.

Four months ago, the Academy's leadership has contacted a Qatari fund and has reached an agreement for securing financial assistance.

On May 25, 2013, a Bulgarian delegation, led by the SSA Chairman Prof Petar Slaveykov, is leaving for Katar to iron out the last details in the memorandum for partnership in livestock breeding.

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

Business » Be a reporter: Write and send your article
Tags: Qatar, invest, facilities, sheep, breeding, Bulgaria, Academy of Agriculture, SSA, livestock, farming
Bulgaria news (Sofia News Agency - 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." (Sofia News Agency - 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