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Austrian Steel Company Makes Another Step Towards Investing in Bulgaria
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The Bulgarian Minister of Economy and Energy Petar Dimitrov and Alfred Dusing - Chief Financial Director of the steel department and member of the Board of Directors of the Austrian Steel Company "Voestalpine" have signed a memorandum of understanding.
The memorandum between the Bulgarian State and the company has been signed at an official ceremony at the Ministries' Council building on Monday.
The memorandum is considered another step towards the realization of the Austrian company's intentions for an investment project in Bulgaria valued at EUR 5 B, which would also provide about 4,500 new job opportunities.
Bulgaria is competing with Romania, Turkey, and the Ukraine to attract this investment. On September 4, the Bulgarian government announced that they were going to pay BGN 300 000 to international law consultants who will prepare and carry out the negotiations for an investment agreement with the Austrian company
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