"Holding Zagora" Ltd received BGN 3.9 million long-term investment credit under the JESSICA initiative of the European Commission, announced the company. Two-thirds of the 10-year loan are provided by Societe Generale Expressbank (€ 1,335,000), and the remaining third - from the Regional Urban Development Fund.
With the funds several large machines will be purchased, but the loan will be used primarily to improve the working environment in the units of the holding - asphalting of internal factory roads (some of them are already done), renovation of office and industrial buildings and new lighting.
"The project will be finalized by May 2015", said Rumen Radev. As a result of the investment 24 new jobs will be created and the working environment of over 1000 employees will be improved.