This is the largest investment in the Industrial Zone, the shareholders of which are National Company of Industrial Zones EAD and Stara Zagora Municipality
The Council of Ministers approved a Memorandum of Understanding between the Government of the Republic of Bulgaria and Smart Solar Technologies AD for the implementation of a priority investment project for the construction of a new Solar Panel and Cell Manufacturing Plant.
The plant will be built in. Elenino, Stara Zagora municipality, on a plot of land, part of the second stage of “Zagore Industrial Zone” AD.
The investment is worth more than BGN 240 million and is expected to create 812 new jobs, which will improve the investment climate in the city and lead to sustainable and inclusive growth in the region.
The production will be mainly exported to European markets – Germany, the Netherlands, Italy and Austria.
“Smart Solar Technologies” AD is the first investor in the second stage of “Zagore Industrial Zone” and this is the largest investment in the Industrial Zone so far. The investment is extremely important, not only because of its size, but also because it is the first priority investment project in Stara Zagora district and has an important significance for the region. Shareholders in the company “Zagore Industrial Zone” AD are “National Company of Industrial Zones” EAD, the Ministry of Economy and Industry and the Municipality of Stara Zagora.
The creation and management of industrial parks and zones is a new impetus for sustainable and inclusive growth at local, regional and national level. With the opportunity to develop local businesses and attract more foreign investment, with a focus on manufacturing or advanced technologies, the Zagore Industrial Zone can be defined as a successful project in partnership between state and municipality.