January 8 (SeeNews) - Bulgarian-based textile company Edoardo Miroglio plans to start production in Pirot, in eastern Serbia, in 2018, the mayor of Pirot said.
Edoardo Miroglio is expected to start production activities at the AHA Mura Prvi Maj factory in Pirot this year, Vladan Vasic said, as quoted in a statement by the Pirot municipality last week.
Serbian media reported in October that Edoardo Miroglio acquired the factory for 200 million dinars ($2 million/1.7 million euro).
The factory was owned by the English-Slovenian group AHA Mura, which was declared insolvent in 2014.
In Southeastern Europe (SEE), Edoardo Miroglio operates factories in Bulgaria's Sliven, Yambol and Svishtov.
(1 euro = 118.558 dinars)