Enterprises in Kazanlak Report Revenues of over BGN 1.8 billion

Enterprises in Kazanlak Report Revenues of over BGN 1.8 billion

About 90% of the capacity in the sub-sector ‘Hydraulics and pneumatics’ is concentrated in the municipality

Enterprises in Kazanlak reported revenues of more than BGN 1.8 billion in 2022. This became clear during a meeting of the Minister of Economy and Industry Nikola Stojanov with business representatives from the region, organized by the Mayor of Kazanlak Municipality Galina Stojanova.

‘For most people Kazanlak is known as the valley of roses, but the potential of the municipality is far from being limited to this. In recent years we have witnessed the accelerated development of this region in industrial terms, which is confirmed by the steady growth of economic indicators,’ Minister Nikola Stojanov emphasized. In his words, it was important for him to discuss the main challenges and problems faced by companies in the region. ‘We often talk about new investments, but it is equally important to look for all opportunities for growth and higher competitiveness of Bulgarian enterprises,’ the Minister of Economy said.

Over BGN 742 million are the investments made in the municipality. Manufacturing companies, which are the strongest sector in the municipality, contribute 63% of the added value to the local economy and employ almost 70% of the employees, it became clear during the meeting.

Minister Stojanov also visited the areas where the construction of a new industrial zone in Kazanlak is planned. ‘Only under the Recovery and Sustainability Plan more than BGN 200 million are foreseen for the construction of industrial zones and this is another tool you can use’, Nikola Stojanov explained. He also encouraged the municipality to submit documents for the registration of the area in the Register of Industrial Parks, which would give an advantage in the preparation of future projects.

About 90% of the country’s capacity in the hydraulics and pneumatics sub-sector is concentrated in Kazanlak. During his visit to the town Minister Stojanov got acquainted with the production process in one of the largest enterprises in this sector in the region — M+S Hydraulic AD. It employs over 1,350 people and much of its production is export-oriented and distributed worldwide.