Austrian Firm to Pour EUR 50 M in Bulgarian Furniture Factory

Plans include building a factory in Russe and stores in most of the regional centers, to cover the whole country. File photo

An Austrian company has announced plans to invest EUR 50 M in the furniture industry in Bulgaria in a joint venture with Russe-based Bulgaria Furniture & Office firm.

The contract for setting up the joint venture is expected to be signed by the end of the year.

Plans include building a factory in Russe and stores in most of the regional centers, to cover the whole country.

“Our goal is to turn into the biggest producer of furniture and the biggest chain of shops on the Balkans, which will offer furniture for homes, offices and hotels,” Plamen Tsanev, owner of the company Bulgaria Furniture & Office, told local media.

The new factory is expected to open 500 new jobs.

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