Spanish investment fund GED will invest five million euro in the production facilities of Fama milk processing company.

Viktor Zarev, Fama executive director said that the fund purchased the company and already prepared the documents needed for a license for export in the EU.

Standart daily quoted Zarev as saying that it was impossible for dairy product prices in Bulgaria to decrease.

“In only three months the price of raw milk, which we buy from the farmers, went up from 0.52 to 0.68 leva. Its value is 65 per cent of the price of the final product,” he said.

The usage of corn for bio fuel was another problem for the sector. The decrease in the amount of fodders and their price raise influenced the milk price, Zarev said.