InvestBulgaria Agency Forecasts New Investments, More Jobs in 2016

Business | March 6, 2016, Sunday // 13:47|  views

Stamen Yanev, executive director of InvestBulgaria Agency. Photo: BGNES

InvestBulgaria Agency forecasts new investments and more jobs on the basis of the projects realised last year.

In 2015, the agency helped twelve large investors to extend their activity in Bulgaria or to start new production.

The investments in these projects, which should be realised within three years, amounted to BGN 190 M, with the forecasts predicting the creation of nearly 1300 jobs.

In 2015, foreign investments in Bulgaria exceeded EUR 1.5 B, which represented an increase of more than EUR 289 M compared to the previous year.

Nearly half of the projects concerned the development of production, private bTV station informs.

A new factory for the production of forage is expected to start functioning in the city of Dobrich.

The town of Montana will have a new plant for the production of metal pallets, while a factory for car parts is seeking employees in Karlovo.

Parallel with these projects, some investors will extend their already existing activity.

In Sofia, entrepreneurs will extend their activity in the following areas: the production of climbing walls, parts for railway transport and car parts.

Investments are also expected in the IT and logistics sectors.

In Montana, the construction of the new factory for metal pallets is already taking place, with the plant expected to create 100 new jobs and to start functioning by the end of the year.

InvestBulgaria Agency expects the attraction of more capital this year.

The agency notes that Bulgaria has potential in particular sectors, with the main three areas of interest to investors being machine construction, production of car parts and outsourcing.

According to economists, more efforts are needed to attract investors to northwestern Bulgaria, which is the poorest region of the country.

In order to do this, there is a need to provide suitable infrastructure in the northern part of the country.

The executive director of InvestBulgaria Agency, Stamen Yanev, is proposing the introduction of bonuses to those investing in regions with high unemployment rate.

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Tags: Bulgaria, investment, InvestBulgaria Agency, Stamen Yanev, production, factory, plant, Dobrich, Montana, sofia, Karlovo, forage, pallets, car parts, climbing walls, IT, logistics, outsourcing, infrastructure


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