site.btaIndustrial Zone Project Put under Way in Blagoevgrad Municipality

Blagoevgrad, Southwestern Bulgaria, October 17 (BTA) - Blagoevgrad Municipality has signed a memorandum on setting up an industrial zone. This large-scale project is expected to attract Bulgarian and foreign investors to the town, the municipal administration said.

The industrial zone will be built on an 11.5-hectare municipal lot adjoining the E79 road and will be operational in 18 months.This location is expected to attract small and medium-sized businesses, with a focus on high-tech production and high value-added logistics, said Antoaneta Bares, Executive Director of the National Company Industrial Zones (NCIZ).

Investors will pay minimal prices for business park space. The NCIZ will sign contracts with entrepreneurs specifying that they must complete their projects within three years or return the site. Also, the land and the company cannot be sold in the first three years. DS/DD