Greek Leaf Tobacco opened a EUR 9.5mn tobacco processing plant in Bulgarias southern town of Sandanski on January 29, 2011, inews.bg reported. The new factory will employ 600 people and will have a capacity of four to six tonnes an hour. This is the second plant of the Greek tobacco company in Bulgaria. Leaf Tobacco opened its first factory, also in Sandanski, in 1996, investing some EUR 4.5mn. The company is present in 12 countries and has 17 subsidiaries. |
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more