Type
Business expansion
Country
Bulgaria
Region
Severna Bulgaria; Severoiztochen; Silistra
Location of affected unit(s)
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Civil Engineering
42 - Civil engineering

200 jobs
Number of planned job creations
Job creation
Announcement Date
5 February 2006
Employment effect (start)
12 January 2007
Foreseen end date

Description

Mineral Inn, which is owned by Kaolin, is going to build a ferry terminal Silistra – Kalarash, announced the executive director of the company Mr Ljubomir Evstatiev. The future terminal will be part of Russe harbour. Evstatiev and the Minister of transport Petar Mutafchiev have signed a 35-years concession for the terminal. The firm is planning to invest BGN 4.5 million and to build the terminal by the end of 2006. This transport connection has an important role in the cross-border co-operation between Bulgaria and Romania, said the executive director. During the building process, some 300 working places will be created. some 200 persons will be hired when the terminal is ready. It is the first concession in Bulgaria, which will be realized on the principle 'Build, operate and transmit', said minister Mutafchiev. Kaolin, the owner of Mineral Inn, is the only Bulgarian producer of enriched kaolin, silica sand and refined mineral micro-products. All activities of Kaolin were certified under ISO 9001/2000 in 2001.


Sources

Citation

Eurofound (2006), Mineral Inn - SP JSC, Business expansion in Bulgaria, factsheet number 62916, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62916.