One of the largest Bulgarian companies for repairing civil aviation aircraft has chosen Burgas for a major investment in aircraft repair and maintenance, the Municipality of Burgas announced. The company will build one of the largest hangar complexes in the country with a capacity for 7 production lines. It will be located in the Burgas Airport area and will span more than 7 acres. Additionally, an aircraft engine repair plant will be built for EUR 15 million. The total investment amounts to EUR 60 million. 500 highly skilled jobs will be created in the first stage. A total of 1,500 jobs will be opened in the final stage.
The complex is expected to be operational within 3 years. Another 5,000 jobs may be created in supporting businesses, the company stated. Currently, it services Airbus A320 CEO, Boeing 737 Classic/NG and Boeing MD-80 Series.
There are no plans for the privatization of the Vazovski Machine-Building Plants (VMZ) in Sopot, and the information circulating in this regard is speculative, said Bulgaria’s Minister of Economy and Industry Petar Dilov at a working meeting..
In 2024, the real estate market in Bulgaria registered a significant rise, with prices increasing by around 16%, and the number of real estate transactions going up as well. Real estate prices along the Black Sea coast have continued to grow,..
The real estate market in Bulgaria has steadily been growing in the past few years. There has been talk of a price bubble, inflated to serious proportions at the time of the pandemic, though expectations that it is going to burst have come to nothing...
The total output at basic prices from the agriculture sector in 2024 amounts to €4,970.1 million, which is 7.9% less compared to the previous year...
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