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Invest Bulgaria Agency Nominates Investor of 2008

Date: 02.12.2008

The Invest Bulgaria Agency announced on Monday their nominations for the "Investor of the Year 2008" including "Kaliakra Wind Power", "Devnya Cement", "Weinerberger", "Lufthansa Technik - Sofia", "Hewlett Packard", the "Specialized Eye Clinic for Active Treatment (SOBAL) Dr. Taskov".

The Kaliakra Wind Park, located near the village of Bulgarevo in the Kavarna municipality has received a first class investor certificate on 2006. The park officially opened in July of 2005 and has 35 wind generators. The project is evaluated at BGN 90 M and has been realized together with the Bulgarian engineering company "INOS 1" and the Japanese "Mitsubishi Heavy Industry."

"Devnya Cement" is controlled by the French "Ciment France", part of the Italian "Italcementi" company. The total investment amount of Italcementi for the acquisition and renovation of cement plants in Bulgaria (including "Vulkan" in Dimitrovgrad) is EUR 200 M. In 2008, "Devnya Cement" marked its 10th anniversary of entering the Bulgarian market.

In June 2008, the Austrian "Weinerberger" company opened a modern plant, with a fully automatic production line for ceramic blocks in the town of Lukovit. The investment is estimated at over EUR 25 M. The plant is fully compliant with energy effectiveness standards, environment protection and safe working conditions.

On October 28, a modern facility for airplane repairs opened doors at the Sofia Airport. The investor is a joined stock company between the German "Lufthansa Technik" and the Bulgarian "Bulgarian Aviation Group" with a 20% share. The new hangar has an area of 6,000 square meters, allowing for two airplanes to be serviced at one time. The hangar employs 350 highly qualified workers, providing fast services to "Boeing" and "Airbus" planes. The EUR 20 M investment has been used for the hangar's renovation, equipment, materials and employee training.

"Hewlett-Packard" is nominated for generating new job opportunities and for training in the area of high-end technologies of over 1,280 individuals. It is expected that their number would reach 2,000 in 2009. In 2006, the company built a high-technology center in Sofia to service customers from Western Europe with software and hardware products.

In October, the "Specialized Eye Clinic for Active Treatment (SOBAL) Dr. Taskov" opened doors in the city of Turgovishte as a successor of the former "Dr. Taskov" clinic. In the past 10 years, the clinic has conducted over 10,000 eye surgery procedures for patients in Northeastern and Central Bulgaria. The clinic specializes in diagnosis, treatment and surgery of eye disorders, medical and cosmetic procedures and scientific activities. The new building houses four modern surgery rooms, five cabinets and 50 hospital beds along with modern equipment. The investment amount is estimated at BGN 3,5 M.

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