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On May 21, Dobrev said in an interview for the Bulgarian National Television (BNT) that the company would be set up by the end of the week (May 27) as a subsidiary of NCIZ with an initial capital of BGN 3 M.
The NCIZ CEO points out that many Chinese firms with international operations are looking for the most cost effective approaches to further expand their businesses, and Bulgaria offers quite a few advantages in that respect.
He has therefore hailed the initiative of the Bulgarian government with respect to the Bozhurishte Industrial Zone and has praised the cooperation that the private company that he represents has with the key Bulgarian institutions such as the InvestBulgaria Agency, the NCIZ, and the Economy Ministry.
Akzo Nobel, Arnhem, the Netherlands, has signed a memorandum of understanding with Ningbo Chemical Industry Zone (NCIZ) that gives Akzo the permission to create a new chemicals multi-site in Ningbo, China.
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