Bulgartabac, Bulgaria's state tobacco company, has registered a 165.93% increase in net profit for the first half of 2010 in comparison with the same period last year.
Bulgartabac's financial statements attribute that to considerable increase in exports and optimization of costs.
Net profits for the first half of 2010 amount to BGN 7.5 M, with more than five-sixths of the production going for exports.
Exports have increased 56% in volume and about 80% in terms of revenue.
Bulgaria’s Economy Minister Ttaicho Traikov and Greece’s Deputy Prime Minister Theodoros Pangalos opened Saturday a new tobacco processing plant in the Bulgarian town of Sandanski.
About EUR 9,5 M have been invested in the new plant of the Greek Leaf Tobacco company and it will provide jobs for 600 people.
The new facility will be connected to the central production hall of the company in Policastro, Greece.
The plant in Sandanski, which has a production capacity of 4 to 6 tons per...