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.
There has been an 8 to 10 percent annual increase in the average salary over the past few years and this is an indication that we are slowly catching up with average European levels, seeing as the starting point for the Bulgarian economy was very low...
Many Bulgarians tend to think that the increasing presence of large retail chain stores has its negative impact on the home market, such as neglecting of national producers, predominant sales of imported goods, lower quality of foods, tax..
Some 1000 workers in one of Bulgaria’s largest defense industry enterprises EMKO went on protest earlier this week over the company’s frozen license. The measure has been imposed by the Interdepartmental Council for the Defense Industry and..