Bulgaria’s Economy and Energy Minister, Delyan Dobrev, is discussing Thursday with bank creditors the future of the Kardzhali Lead and Zinc Complex (LZC; OTZK). OTZK is the largest Bulgarian producer of non-ferrous metals in the southern city of Kardzhali, providing until recently livelihood of many in the city and the region. OTZK has been out of operation in the past [...]
Workers at Bulgaria’s largest non-ferrous metal producer, the Kardzhali Lead and Zinc Complex (OTzK), have sought assistance from Turkish PM Recep Tayyip Erdogan for an end to grievous mismanaged by the factory owner, according to a report in a Turkish news site. OTzK workers have complained that they have not received their salaries for months, and that factory owner Valentin Zahariev has been engaging in a chronic draining [...]
Bulgaria will become the largest producer of ski in the world by 2013, the industrial manager of Amer Sports Bulgaria Yordan Lambrev announced at the Bulgaria: Business UP investment conference in Sofia. Finnish company Amer Sports bought the ski manufacturing plant in the southern Bulgarian town of Chepelare four years ago, and has invested more [...]
The Bulgarian state has listed state construction company Technoexportstroy in a second privatization bid with a cut price, after a first listing failed to convince buyers. A first try in the beginning of April, in which Technoexportstroy was valued at BGN 68 M, attracted 4 companies who bought the documentation, but then refrained to bid. Tehcnoexportstroy was created in 1964 as a [...]
Arab countries are ready to import lambs from Bulgaria, according to Bulgarian Minster of Agriculture and Foods Miroslav Naydenov. Just Saudi Arabia needs some 5 M animals per year according to Naydenov, who spoke at a lamb producers meeting near the St. Peter and Paul Monastery nearLyaskovets. The Bulgarian minister said that this mandates a more active role of [...]
The largest Bulgarian producer of non-ferrous metals, the Lead and Zinc Complex(LZC; OTZK) in the southern city of Kardzhali will not be declared insolvent, syndicate leaders have announced. The heavily indebted LZC, which has been out of operation in the past four months, will not have the fate of Kremikovtzi, the behemoth steel mill near Sofia, which no longer [...]
A consortium of Polish firms has declared interest in renting the largest Bulgarian producer of non-ferrous metals, the Lead and Zinc Complex (LZC; OTZK) in the southern city of Kardzhali. This was announced Friday by Valentin Nikiforov, Vice President of the Confederation of Independent Bulgarian Syndicates, a major trade union active in the recent crisis with the troubled LZC. Nikiforov said the Polish consortium, whose participants were [...]
Bulgaria’s working day-adjusted industrial production index decreased by 3.6% in January 2012 year on year, the country’s National Statistical Institute has informed. According to the Institute’s seasonally adjusted preliminary data, Bulgaria’s industrial production decreased by 0.6% in January as compared to December 2011. Annual decreases were registered in the production of investment goods by 7.6%, [...]
Seventeen years after Bulgaria‘s last failed attempt to revive its automobile industry, the country has pinned new hopes on the launch of mass production of cars under the Chinese Great Wall badge, due on Tuesday. The first car assembled here was rolled out in the middle of November last year at a factory near the [...]
Bulgaria’s brewing industry brings the state budget some BGN 297 M annually, according to the Chair of the Bulgarian Brewers’ Union and General Manager of Heineken Zagorka Ruud van den Eijnden. The total added value of the Bulgarian beer production and distribution is estimated at BGN 219 M, Ruud van den Eijnden said at the [...]
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