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Bulgaria's Tivex investing 2 mln euro in capacity expansion

Author Mario Tanev
Bulgaria's Tivex investing 2 mln euro in capacity expansion Photo: Tivex / All rights reserved.

SOFIA (Bulgaria), February 16 (SeeNews) - Bulgarian sealing materials and products manufacturer Tivex is investing 4 million levs ($2.5 million/2 million euro) in the construction of a new production base, the economy ministry said.

The new base, located in the city of Burgas, will enable the company to increase its output and introduce new products, the economy ministry said in a statement on Monday, upon awarding the company with a Class A investment certificate.

The investment will create 25 jobs.

Holders of Class A investment certificates benefit from shorter terms for administrative services and individual administrative services, financial aid for construction of technical infrastructure elements, etc.

(1 euro = 1.95583 levs)

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