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

The 2026 budget provides for EUR 10.5 billion in new debt and a 3% deficit

Bulgaria’s Ministry of Finance has published the draft state budget in euros for 2026. The country’s GDP is projected to reach EUR 120.1 billion, with an economic growth rate of 2.7%. Planned revenues amount to EUR 51.436 billion, or 42.8% of GDP...

published on 11/4/25 9:08 AM

Bulgaria is among the EU countries with the highest percentage of workers at risk of poverty

In 2024, 8.2% of people aged 18 or over who declared to be at work (either employed or self-employed) in the EU were at risk of poverty, according to data from Eurostat, cited by the BNR's Horizont channel. In Bulgaria, this share reached 11.8%. The..

published on 11/3/25 3:14 PM

Trade unions in Bulgaria oppose planned minimum wage of 605 euros, prepare protest

The two largest trade unions in Bulgaria - the Confederation of Independent Trade Unions in Bulgaria and the Confederation of Trade Unions "Podkrepa" - are organizing a warning protest in front of the Council of Ministers building. It is planned for..

published on 10/29/25 2:42 PM