November 26 (SeeNews) - Bulgaria's government said that it has awarded a one-year building materials exploration permit concerning the Balgarska Polyana property to local construction company Hydrostroy.
Hydrostroy will invest at least 45,000 levs ($27,000/23,000 euro) in exploration activities during this period, the government said in a statement on Wednesday, following its weekly meeting.
The Balgarska Polyana property is located in the Targovishte region, in the country's northeast.
Bulgaria's government also decided on Wednesday to approve the transfer of a concession of the Uzunpara building materials deposit to local company Balastrieri from its previous holder Agro Erg. The 25-year concession agreement for the deposit was signed in 2007.
(1 euro = 1.95583 levs)