Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

China Investors Eye Extinct Sofia Steel Mill's Plot
Date: 29/10/2010
China Investors Eye Extinct Sofia Steel Mill's Plot

A Chinese investor has voiced strong interest and preparedness to take over the insolvent and obsolete steel mill "Kremikovtzi" near the Bulgarian capital Sofia and turn it into a sprawling expo city similar to Shanghai.

The news was reported Friday by the Bulgarian daily "Standard."

The mill's labor unions have confirmed the information saying the Chinese have visited the location several times and would take part in the second auction of the bankrupt steel giant, once considered the pride of the communist-era industry in Bulgaria, which will take place on November 5.

The bid for the facilities starts at BGN 450 M. The Asian investor has decided to take part in the auction after meeting Prime Minister, Boyko Borisov. They also hope to make a profit from selling to ailing facilities for scrap.

The Mayor of the Kremikovtzi district has further said he was aware of the Chinese project and talks are pending to finalize details.

When there are no exhibits the new expo halls would be used as a logistic center for Chinese goods.

Topic: Business

Featured District
Invest Bulgaria Charts
Gross Domestic Product of Bulgaria
Gross Domestic Product of Bulgaria

Net Domestic Assets of Bulgaria
Net Domestic Assets of Bulgaria

See all charts
Did You Know?
Cost of transportation in Bulgaria
Cost of transportation in Bulgaria
A ticket for the city bus and for the subway in Sofia costs about 30 Euro cents. ... More

Georgi Asparuhov - Gundi - a legendary Bulgarian stricker considered by many people as the best Bulgarian footballer of all times.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2021 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members