The second largest tobacco company according to its shares on the world market – British American Tobacco (BAT) announced that it has made substantial investments in Bulgaria and that it is signing contracts for the purchasing of leading brands from Bulgartabak. The value of the deal is over EUR 100million and reflects Bulgaria’s growing reputation as a country preferred by foreign investors. This is the biggest investment in this country fir the current year. BAT-Bulgaria is to become one of the five biggest tax payers in Bulgaria, immediately opening over 100 new job positions in production and another 1000 in the sphere of distributions.
This week the International Minetary Fund /IMF/ has published a report on global economic perspectives. The document’s authors foresee for Bulgaria a GDP growth of 2.9% in 2017, and a slowing to 2.7% in 2018. There is a 0.1% increase on the 2016..
The latest increase of the price of natural gas in Bulgaria will have a detrimental effect on Bulgarian manufacturers, the Chairperson of the National Branch Union of Bakers and Confectioners Mariana Kukusheva told Radio Bulgaria. ”In the past..
Litex Motors, the Bulgarian automobile company has initiated winding-up proceedings, in other words, it has gone bankrupt. Owner of the company that was supposed to assemble cars of the Great Wall brand in Bulgaria, sell them in the country and..