ECONOMY

Bulgarian-Israeli group plans logistics park

SOFIA (Reuters) – A Bulgarian-Israeli consortium is planning to invest around 150 million euros ($191.7 million) in an industrial and logistics park in Bulgaria, officials said yesterday. The consortium, comprising Israeli Eden Group and Bulgarian Sienit Holding, will build the park near the central town of Plovdiv over the next 10 years, the Bulgarian Investment Agency said. The firms will invest 35 million euros in the first three years. The funds for the project will be supplied by both members of the group, but further details are still pending. The park will create 3,000 new jobs by the end of the construction period and will include a logistics center, business buildings, a mall and a cinema, the investment agency said.