Text size

Bulgarian company awarded with gold license for investment project in Egypt

published on 1/3/25 1:24 PM

Photo: Egypt's Ministry of Investment and Foreign Trade

On the last day of last year, the Egyptian Minister of Investment and Foreign Trade Hassan al-Khatib awarded a total of nine gold licenses at a ceremony at the General Agency for Investment and Free Zones, which was also attended by the Bulgarian Ambassador Deyan Katrachev.

“Balkan Agricultural” was awarded for its project to build and commission a plant for the production of tomato paste and vegetable and fruit concentrates in the 6 October City near Cairo. The investment worth about 20 million euros is expected to provide 80 jobs during the first phase of the project. Eighty percent of the production will be exported.

Bulgaria and Egypt discuss possible direct air routes

Over the past two years, several Bulgarian companies in the fields of high technology and software engineering, outsourcing and other sectors have managed to enter the Egyptian market.

In the first eight months of 2024, trade between Bulgaria and Egypt reached a record level of $1.4 billion.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Cairo Egypt

More from category

NSI: Household expenses up 13%; incomes up 15% in last quarter

In the first quarter of 2025, the average quarterly total income per household member in Bulgaria was BGN 3,271 (€1,672), marking a 15.2% increase compared to the same period in 2024. This data comes from the Household Budget Survey by the National..

published on 5/16/25 2:28 PM

Germany, Romania and Italy are Bulgaria's main trading partners in the EU

Bulgaria's main trading partners are Germany, Romania, Italy, Greece and France, which account for 62.5% of exports to EU Member States, according to NSI data. In February, exports of goods from this country to the EU decreased by..

published on 5/13/25 2:10 PM

Postponing the free electricity market for household consumers and how it will affect Bulgarians

The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years ago, is being postponed. At least for now. The reform should have entered into effect on 1..

published on 5/12/25 11:03 AM

WEATHER

Pick city: Sofía

Partly Cloudy
Min: 15 | Max: 31

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

The money transferred by Bulgarian emigrants to their country increase by 15.7% in Q1 of 2025

Bulgarians working abroad sent over EUR 420 million to their relatives during the first quarter of 2025. This amount is EUR 66 million higher than in..

published on 6/16/25 9:13 AM

Labour force from the Bulgarian diaspora – a good idea, but it will not solve existing problems

A number of institutions – the Ministry of Labor and Social Policy, the Employment Agency, the Executive Agency for Bulgarians Abroad..

published on 6/17/25 4:05 PM

Share