Text size

State dairy company LB Bulgaricum starts modernisation of its plant in Vidin

published on 9/15/24 9:05 AM

Petko Nikolov, minister of economy, visits state dairy LB Bulgaricum.

Photo: lbbulgaricum.bg

State-owned dairy company LB Bulgaricum will start modernising its production facility in Vidin in September.

The first step will be to renovate the refrigeration units and repave the alleys leading to the workshops and the car park in front of the building, the company said.

The state-owned company did not disclose the cost of the investment, but a gradual replacement of outdated equipment is also planned. This will allow the production of larger quantities of fresh milk, cow's butter and processed cheese, Economy Minister Petko Nikolov told journalists.

Since 1 May this year, the company's employees have received a 10% pay rise, and since 1 September they have received a further pay rise, with the aim of achieving a 30% pay rise by the end of the year.

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

Radio Bulgaria Economy lb bulgaricum modernisation vidin

More from category

Improved business climate recorded at the end of December

The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..

published on 12/31/24 9:53 AM

2025 portends difficult survival for businesses against the backdrop of political instability and foreign policy challenges

The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..

updated on 12/30/24 1:16 PM

Businesses are cautious in their expectations for 2025

41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..

published on 12/17/24 11:32 AM