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Minister Dragomir Stoynev launched two major investment projects in the region of Pleven

May 12, 2014


I have the pleasure to commence the execution of such a key for the region of Pleven investment. Тhe construction of the new factory for producing  automobile cable systems of worldwide leader is the successive evidence that the investments in Bulgaria are made. We made grate efforts to realize this investment and it is recognition for the efforts of the Bulgarian government to maintain an attractive business and investment environment over the last eight months. It is proved by both the economic growth of 1,6 %  for 2014 and the increase of  foreign direct investment in 2013 compared to 2012.That said the Minister of Economy and Energy Dragomir Stoynev who made an inaugural laying of the corner stone to the factory for automobile cable systems  “Nexans’’ in the city of Pleven.


Investments, attracted in priority sectors to create stable employment and to manufacture products with high value added, are important for the country; and this project is executed exactly in such a field as car manufacturing, which is a high-technology activity within the industrial sector, with a huge potential for development of exports, employment and regional development. They will be encouraged by priority under the Law on Promotion of Investment. It is envisaged that the factory  will be put into operation  by the end of this year , where 600 jobs will opened, which is just an implementation of the government program for reindustrialization of Bulgaria, added Minister Stoynev.


During his visit to region of Pleven, the  Minister of Economy and Energy Dragomir Stoynev also commenced the construction of a plant for new capacity ‘’Zvezda” Ltd in the town of  Dolna Mitropolia. The investment in new capacity will enable the expansion of the company’s range of goods, as in addition to the products of the food processing industry made from sunflower, oil made from rape and soy will be produced, and  bio-fuel as well.