Minister Bogdanov: We are holding talks with businesses to improve the environment and provide the necessary resources

The Minister of Economy and Industry Bogdan Bogdanov visited the largest corn processing enterprise in our country "ADM Razgrad" EAD. He met with Steve Matushak, manager of the plant in Razgrad, with whom they discussed the company's plans for development in our country, as well as upcoming investments. Minister Bogdanov presented Bulgaria as a good place for business development and expressed readiness for assistance and support in the implementation of the investor's future plans.

He suggested that the company open a development center in Bulgaria. According to him, our country has prepared engineers and sufficiently well-trained personnel and specialists.

Investing in sustainable production is among the company's goals, Steve Matushak pointed out. According to his words, quoted by the Ministry of Economy and Industry, the acceptance of our country into Schengen will bring benefits to investors and businesses in our country.

He emphasized that at this stage the management team is focusing on investments in energy efficiency. The possibility of installing own capacities is under consideration, it became clear at the meeting.

The meeting was also attended by Ivan Mihailov - CEO of the American Chamber of Commerce in Bulgaria, and Kiril Valchev, Director General of the Bulgarian Telegraph Agency (BTA).

During the talks, it became clear that the company currently employs over 380 people, mostly from Razgrad and Ludogorie. The last investment in the expansion of the activity, thanks to which the capacity of the plant was doubled, was completed in 2021 and was for nearly 200 million dollars. The company is a leader in the production of corn sweeteners in Southeast Europe. The main markets of "ADM Razgrad" EAD are in the Balkans, but also all over the world, with the manufactured products reaching five continents.

The Minister of Economy and Industry Bogdan Bogdanov also met with the Mayor of Razgrad Municipality Dencho Boyadjiev.

"We started active talks with businesses from all over the country aimed at improving the investment environment for companies and providing them with the resources they need. Yesterday we held meetings with businesses from Shumen, today we are in Razgrad. The idea is to visit other Bulgarian cities and companies that have invested in our country and to get feedback from businesses in places," Minister Bogdanov pointed out

During his visit to Razgrad, Minister Bogdanov participated in the opening of the National Press Club of the Bulgarian Telegraph Agency in the city. The agency's newest home opens on the day the city kicks off the 21st edition of the annual Yoghurt Fair and Festival of Folk Traditions and Arts and Crafts.