The investment in the Kamenitza Brewery project will create 50 new jobs, the ministry said in a statement.
Last month, Kamenitza sold 30,500 sq m of land in the central part of Plovdiv, Bulgaria's second largest city, to two local companies which plan to develop a mixed-use project there. The plot of land used to be the site of a Kamenitza brewery.
Kamenitza retained ownership of an adjacent 3,500 sq m plot of land on which it will develop the multi-functional complex that will include a craft beer microbrewery and a museum, and is expected to be completed in 2018.
($ = 0.8343 euro)