Textile industry in Bosilegrad: Kalinel granted employment incentives

The Bulgarian textile company Kalinel will get incentives worth EUR 710,000 from the Serbian budget for opening a production facility  in Bosilegrad and creating 200 new jobs – the Ministry of Economy says. The company will invest over EUR 1.8 million in the new facility in Bosilegrad.

The plan is for around 100 workers to be employed by the end of the year and another 100 over the course of the next three years.

The agreement on incentives was signed by the representatives of Kalinel and the state secretary in the Ministry of Economy, Dragan Stevanovic, who said that that was the first serious investments in the undeveloped municipality of Bosilegrad in the last 10 years.

He pointed out that most of the workforce in Bosilegrad worked in the public sector, so the Bulgarian company’s investment will boost the employment in the private sector thus generating additional revenue for the municipal budget.

According to him, the job incentive is a proof of a different kind of relationship that the Government of Serbia has with the country’s south and undeveloped areas.

Kalinel produces finished textile products. It has been operating in Serbia since 2012 and it employs 52 workers in Vranjska Banja.

(eKapija, 24.10.2016)

http://www.ekapija.com/website/en/page/1579658/Kelinel-getting-EUR-710-000-in-subsidies-for-200-jobs-Bulgarian-company-opening-facility-in-Bosilegrad

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