Bulgaria's oldest and largest cosmetics producer "Alen Mak" is on sale for about BGN 8-10 M, according to one of its creditors.

The Plovdiv-based Alen Mak ("Scarlet Poppy") factory, in financial trouble for some years, is one of the iconic brands of Bulgaria's communist period.

It was the last state-owned cosmetics factory to be privatized – in 2002 it was sold for USD 5.5 M to the...

Japanese corporation Toshiba has declared interest in building two new thermal power facilities in Bulgaria's Maritsa East TPP complex, Economy Minister Traicho Traikov has announced.

Traikov was in the state-owned Maritsa East 2 plant on Monday with Japanese Ambassador to Bulgaria Makoto Ito where the two of them opened the rehabilitated unit 8 of the TPP, whose repairs were completed by Toshiba 32 days ahead of schedule. The life of the unit has been extended by 25...

Representatives of the world's largest manufacturer of electric locomotives, China's CSR, may invest in Bulgarian engine and car production facilities, according to Transport Minister Alexander Tsvetkov.

On Monday, Tsvetkov showed CSR executives around a railway engine plant in Sofia – the locomotive depot of the Bulgarian State Railways BDZ in the Poduyane Quarter.

The CSR delegation...

The Bulgarian government has accepted a draft memorandum on economic cooperation with east China's Jiangsu province.

Exchanging information on investment policies, opportunities for establishing joint industrial projects and joint ventures, and opening offices and branches will be the key activities Bulgaria and Jiangsu would promote from now on, according to the memorandum.

Jiangsu is...