Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
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)
NEWS BY SECTOR
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)

Borisov, Boc to Open Factory of Bulgarian Firm Monbat in Romania
BORISOV, BOC TO OPEN FACTORY OF BULGARIAN FIRM MONBAT IN ROMANIA
Date: 08/06/2011
Source: novinite.com
Borisov, Boc to Open Factory of Bulgarian Firm Monbat in Romania

A EUR 13 M factory of Monbat Recycling, a subsidiary of Bulgarian company Monbat, in Romania will be inaugurated formally by the Prime Ministers of Bulgaria and Romania Boyko Borisov and Emil Boc on Thursday.

Monbat Recycling SRL, whose plant is located outside of Bucharest, is an investment of Bulgarian car battery producer Monbat, part of the Bulgarian Prista Oil Group, one of the largest machine oil and battery producers in Eastern Europe.

Monbat's factory in Romania has been operating since February 2011. It is the second recycling plant of Monbat, after the company based in Bulgaria's Montana opened a recycling facility located in the town of Indjija, northern Serbia, in September 2010.

In addition to Boyko Borisov and Emil Boc, Bulgarian Finance Minister Simeon Djankov and Economy Minister Traicho Traikov will also attend the opening of Monbat Recycling near Bucharest, as will Bulgarian tycoons, Atanas Bobokov and Pavel Bobokov, who are the founders of Prista Oil and Monbat.

Monbat's factory in Romania is a greenfield investment, meeting all latest EU requirements. It has the capacity to process 40 000 tons of batteries per year, and 22 000 tons of lead, which is then used for production of car batteries in Monbat's other factories.

Monbat is one of the few large-scale Bulgarian investor abroad together with its parent company, Prista Oil.

In 2010, Monbat's consolidated sales amounted to BGN 161 M, with 95% of its produce going for exports, and Germany being the company's largest market.


Topic: Business



Featured District
BLAGOEVGRAD DISTRICT AND CITY INFORMATIONBlagoevgrad
Invest Bulgaria Charts
Tax Revenue of Bulgaria as Percent of GDP
Tax Revenue of Bulgaria as Percent of GDP

Tax Revenue of Bulgaria
Tax Revenue of Bulgaria

See all charts
Did You Know?
Cost of Labor in Bulgaria
Cost of Labor in Bulgaria
A Bulgarian software project leader makes about 1,200 Euros a month ... More

Sunny Beach is located 35 km north of Bourgas and is Bulgaria's biggest and most popular sea resort.

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

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 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.


Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works, creators of Uudet Nettikasinot 2019, 最新カジノ and Svenska Casinon. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members