A German concern manufacturing electrical goods, heating, ventilation and air conditioning systems will invest EUR 17 million to expand its production facility near the city of Plovdiv. The new factory will start producing concrete mixers. The investment includes the delivery of already existing equipment from Germany, its integration into the plant’s equipment and the purchase of new machinery. So far, 120 people have been employed at the new factory, including welders, mechanics and painters. The Covid-19 pandemic has not impacted the company’s performance. It managed to reorganize its workflow. In 2020, its revenues amounted to EUR 257 million, which was 10% more as compared to 2019. In 2020, the company’s profit increased to EUR 17.4 million (9% more as compared to the previous year).
Andrey Gyurov will cease to perform his duties as Deputy Governor in charge of the Issue Department and Member of the Governing Council of the Bulgarian National Bank (BNB) until the court and parliament make a decision, the BNB announced. The..
The direct losses for Bulgaria from the delayed full accession to the Schengen Area amount to EUR 424 million, caretaker Minister of Economy Petko Nikolov said . He quoted a report by the Economic Research Institute at the Bulgarian Academy of..
IT is one of the leading sectors in terms of salary increases and interest by job seekers in Bulgaria. Before the pandemic all kinds of experts were being hired regardless of their expertise or practical skills, but now preference is given to people..
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