Chinese company investing EUR 10 mln in Boynitsa municipality
Публикувано от StandartNews на 2011-11-18 12:08:00Категория: Други in Boynitsa
China`s Tianjin State Farms Agribusiness Group Company is investing a total of EUR 10 mln in the lease of agricultural land in Northwestern Bulgaria, the poorest EU region. The company has rented 20 000 decares of land and will produce corn, forage, and sunflower. All of the agricultural produce will be exported to the People`s Republic of China.
The plots in question are located in the Boynitsa Municipality, Vidin District, which according to Eurostat data has about the lowest GDP per capita in the European Union.
China`s Tianjin State Farms Agribusiness Group Company intends to invest EUR 20 mln more in Bulgarian agriculture with some of the funds going into animal breeding. Thus, in the medium run, its investment in Bulgaria is expected to reach EUR 30 mln.
The plots in question are located in the Boynitsa Municipality, Vidin District, which according to Eurostat data has about the lowest GDP per capita in the European Union.
China`s Tianjin State Farms Agribusiness Group Company intends to invest EUR 20 mln more in Bulgarian agriculture with some of the funds going into animal breeding. Thus, in the medium run, its investment in Bulgaria is expected to reach EUR 30 mln.
