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Bulgaria's Vemus Invest to open 4.1 mln euro cable plant

Bulgaria's Vemus Invest to open 4.1 mln euro cable plant Author: PAN ANT. Licence: Creative Commons.

SOFIA (Bulgaria), November 26 (SeeNews) - Bulgaria's Vemus Invest is investing 8 million levs ($4.6 million/4.1 million euro) in the construction of a new plant for cables in the coastal city of Burgas, the economy ministry said on Friday.

The new plant will create 25 jobs, the economy ministry said in a statement.

According to commercial register data, Burgas-based Vemus Invest is fully-owned by private individual Ventsislav Musabashev. Musabashev holds 92.5% in the capital of Burgas-based cables producer M Kabel.

(1 euro = 1.95583 levs)

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