Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgarian company awarded with gold license for investment project in Egypt

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.
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!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Moody’s: Eurozone entry supports Bulgaria’s institutions, but corruption remains challenge

Membership in the European Union and Bulgaria’s upcoming adoption of the euro on January 1, 2026, are supporting the country’s institutions and governance stability, but corruption remains a significant challenge, according to the latest country..

published on 7/28/25 10:28 AM

The government proposes that prices in euros and leva be displayed until the end of 2026

The government has submitted to Parliament a draft bill to amend and supplement the Law on the Introduction of the Euro in Bulgaria. The proposed changes aim to improve the regulatory framework related to the dual display of prices for goods and..

published on 7/22/25 10:42 AM

Bulgaria has the lowest government debt-to-GDP ratio in the EU

The ratio of government debt to gross domestic product (GDP) in EU countries rose to 81.8% at the end of the first quarter of 2025 , up from 81% at the end of the fourth quarter of 2024. This is according to the latest data published today by the European..

published on 7/21/25 5:58 PM