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The state-owned company did not disclose the cost of the investment, but a gradual replacement of outdated equipment is also planned.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

Bulgarian farmers set to receive new aid exceeding EUR 7 million

Bulgaria will receive EUR 7.4 million in aid from the European Commission to support farmers affected by adverse production conditions in recent months, European Commissioner for Agriculture and Food Christophe Hansen told BTA and clarified that the..

published on 10/8/25 10:23 AM

Fraser Institute: Bulgaria ranks 56th in economic freedom worldwide

In its "Economic Freedom of the World, 2025" ranking , the Canadian Fraser Institute gives Bulgaria a score of 7.13 out of a maximum of 10 points. This places the country 56th out of 165. It ranks between Greece and Thailand. In 2024, Bulgaria was 52nd..

published on 10/2/25 2:59 PM

BNB decreases base interest rate by 0.01%, Bulgaria's gross external debt rises

As of October 1, the base interest rate in Bulgaria is 1.81%. The rate has been declining for the 12th consecutive month, this time by 0.01% compared to September 2025. The base interest rate in Bulgaria, which is used to calculate the annual..

published on 10/1/25 10:46 AM