Soravia mulls EUR 100mn wind energy project in Bulgaria, Macedonia, Albania.

By bne IntelliNews March 16, 2011
Austria's investment group Soravia is preparing a wind energy project worth over EUR 100mn, which will be implemented on the territories of Bulgaria, Macedonia and Albania, Soravia's managing partner of the local unit Valeri Atanasov told Dnevnik Daily. As a whole, the company has conditioned renewable energy investments in the country on the adoption of the renewable energy law, which is still pending approval of the parliament. Soravia is also interested in the food industry and the real estate business in Bulgaria. Soravia will target the acquisition of a food producer and has put a ceiling on the investment of EUR 10-15mn. Soravia has set up Soravia Management Bulgaria to offer services in the fields of the project management and the facility management. The company has invested some EUR 140mn in Bulgaria in the past 12 years.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

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

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

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

Bulgarians hold EUR 100mn in deposits in Cyprus.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss