Text size

State dairy company LB Bulgaricum starts modernisation of its plant in Vidin

published on 9/15/24 9:05 AM

Petko Nikolov, minister of economy, visits state dairy LB Bulgaricum.

Photo: lbbulgaricum.bg

State-owned dairy company LB Bulgaricum will start modernising its production facility in Vidin in September.

The first step will be to renovate the refrigeration units and repave the alleys leading to the workshops and the car park in front of the building, the company said.

The state-owned company did not disclose the cost of the investment, but a gradual replacement of outdated equipment is also planned. This will allow the production of larger quantities of fresh milk, cow's butter and processed cheese, Economy Minister Petko Nikolov told journalists.

Since 1 May this year, the company's employees have received a 10% pay rise, and since 1 September they have received a further pay rise, with the aim of achieving a 30% pay rise by the end of the year.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy lb bulgaricum modernisation vidin

More from category

Bulgaria ranks second in EU for house price growth in early 2025 – Eurostat

Bulgaria recorded the second-highest annual house price growth in the European Union in the first quarter of 2025, according to Eurostat data released this week. A 100 square meter apartment in Bulgaria costs 199 average monthly salaries Property..

published on 7/17/25 11:15 AM

Temenuzhka Petkova: June inflation is expected to meet the euro area price stability criterion

Bulgaria’s Minister of Finance Temenuzhka Petkova announced that Bulgaria is expected to meet the eurozone's price stability criterion again in June. According to Minister Petkova, monthly inflation for June was 0.4% compared to May, when inflation was..

published on 7/16/25 1:21 PM

Bulgaria places international Eurobonds for the second time in 2025 for 3.2 billion euros

With record interest, Bulgaria's Ministry of Finance has successfully placed debt on international capital markets, the institution announced. Two tranches of bonds in euros were sold. The 10-year bonds were for 2 billion euros with an annual interest..

published on 7/16/25 10:09 AM