Sat, Jul 04 2009
Danish company Greentech will invest a total of 180 million euro in wind turbines in Bulgaria.
The company plans to construct 118 turbines in the Stara Planina Mountain, ipo.bg reported.
Greentech had already agreed with Chiprovtsi municipality on the construction of more than 60 wind turbines in the region.
The company will see to the construction of infrastructure in the region and the creation of work places for the local population.
The project has to be complete by the end of 2010.
Mobile operator Cosmote Romania agreed the acquisition of smaller local rival Zapp Mobile for 207 million euro on June 30, after months of negotiations.
The intergovernmental agreement for the Nabucco natural gas pipeline will be signed in Ankara on July 13, it emerged on July 3.
Bulgaria has low taxes, low labour costs and a lot of wind – a good combination for any company seeking to develop wind parks.
On June 5 2009, US ambassador Nancy McEldowney launched the first US-Bulgarian partnership dedicated to Information Technology and Innovation.
Bulgarian car parts manufacturers have been affected by the recession, but are optimistic about their future.