Bulgaria's Marin Baturov gets 35-yr stone facing materials concession

The company plans to invest 836,000 levs ($556,000/427,500 euro) during the concession period, the cabinet said in a statement.

Marin Baturov is expected to pay the municipality located in southern Bulgaria 1.5 million levs ($997,000/767,000 euro) in concession fees during the term of the contract. The sum does not include Value Added Tax.

(1 euro = 1.95583 Bulgarian levs)