Minister Karadimov in Plovdiv: MIG proposes a National program for industrialization with a budget of BGN 100 million

The procedure for the construction and development of the industrial parks and zones of the Ministry of Innovation and Growth under the Recovery Plan has been extremely successful. It finances 11 parks in 10 cities. In this regard, we propose that 100 million BGN be allocated in Budget 2025 for the National Industrialization Program of Bulgaria. Through it, it will be possible to finance more zones and parks in the country. This was stated by the Minister of Innovation and Growth, Assoc. Dr. Rosen Karadimov, in the Thrace Economic Zone (TEZ), where he held a meeting with its management and investors in the region.

Minister Karadimov got acquainted on the spot with the progress of investment projects, which are being built with the support of the Ministry of Innovation and Growth through the incentive measures under the Investment Promotion Act (IPA). Karadimov emphasized that it is with these measures that the Ministry supports, on the one hand, businesses for their investment projects, and on the other hand, Municipalities for the supply infrastructure that everyone uses.

For the last months, two contracts for the construction of technical infrastructure worth BGN 6 million have been approved in the Plovdiv region. The investment projects are in high-tech production worth nearly BGN 30 million and will create more than 100 new jobs.

Currently, three requests from investors implementing their investment projects - in Maritsa Municipality and Kuklen Municipality - for financial support of BGN 7.6 million for infrastructure are under consideration for the district.

In total, up to this point, the municipalities of Maritsa, Kuklen and Asenovgrad have received nearly BGN 17 million from the MIG budget for the construction of municipal road infrastructure under the order of IPA. The funds have been invested in the development of the industrial zones of the three municipalities. MIG has supported investment projects of 14 companies with a total value of nearly half a billion BGN, which have created over 2,300 jobs in the municipalities of Maritsa, Kuklen and Asenovgrad.

The minister thanked the executive director of TEZ Plamen Panchev for the efforts they are making and emphasized that the industrial zones in Plovdiv are a model that should be followed in the rest of the country. "The Thrace economic zone is proof that foreign investors come when there is an established logistics system, industrial parks. When the infrastructure is ready and the state stands behind the investment," Karadimov also said.

"The results are good when the efforts of business and the state are combined, when institutions such as the Bulgarian Investment Agency, the Bulgarian Development Bank, the Fund of Funds are synchronized. MIG works in synergy and good cooperation with the Municipalities in the region, the Regional Administration and TEZ", added the Minister.

Karadimov noted that they are working hard to attract a foreign technology giant to the Plovdiv region, which is interested in opening a production facility.

During his visit to Plovdiv, Karadimov inspected the new Schneider Electric factory under construction. The electrical components company received a priority investment project certificate from the MIG.