Balkans | The visit of the Bulgarian minister to the Turkish factory

Home » Balkans | The visit of the Bulgarian minister to the Turkish factory
Balkans |  The visit of the Bulgarian minister to the Turkish factory

Bulgarian Minister of Innovation and Growth, Aleksandr Bolev, visited the glass factories of the Turkish Shishkam Group of Companies near the city of Targovishte (Old Friday) as part of his visit to the city.

The minister toured the auto glass production plant, the glassware factory and the flat glass factory. More than 3,000 people are currently working in these factories. During Pulev’s meeting with the company’s management, the company’s future intentions to invest in Bulgaria were discussed. During the meeting, the minister said, “You are an important investor in the country, and many people in the region trust you. We work closely with the local authorities and we will support you.”

Pulev confirmed that he has been traveling around the country for months with his team as part of the program to meet citizens. “These meetings aim to be close to investors, to meet with local companies on a regional basis, as well as to offer support opportunities to companies within the scope of the National Recovery and Sustainability Plan, the EU Structural Funds and incentive measures under the Investment Incentives Act,” the minister emphasized.

Pulev said, “Türkiye is a priority investor for our country. Our trade volume with Turkey has reached a record level exceeding 7.3 billion levs in 2022. We will be happy if you continue to invest in Bulgaria” He recalled the holding of the Bulgarian-Turkish Business Forum in Burgas a few days ago. He attended the business forum organized by the Executive Agency for the Promotion of Small and Medium Enterprises of the Ministry of Innovation And growth (MIR), Turkey’s ambassador to Sofia Eileen Itcock, and more than 320 company representatives from both countries.

As it will be mentioned, Minister Bolev awarded a first-class investment certificate to Paşabahçe Bulgaria EAD at the end of February. The certificate was awarded to the company’s investment project called “Automation and Innovation of an Existing Enterprise” to be realized in Targovishte. The total investment amount of the project is 28.5 million levs. The Class Investment Certificate was awarded under the Investment Incentive Act. The project envisages the commissioning of new technological equipment to improve the work process in the existing plant. The planned modernization will increase the production capacity of the plant and expand the product range. It is planned to establish solar energy systems that will be used to meet the consumption needs of the institution. As an incentive measure within the scope of the project, the company will receive support for the construction of technical infrastructure elements.


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