Kelinel getting EUR 710,000 in subsidies for 200 jobs – Bulgarian company opening facility in Bosilegrad

The Bulgarian textile company Kalinel will get incentives worth EUR 710,000 from the budget of Serbia for opening a facility in Bosilegrad, where it is to employ 200 workers, reported the Ministry of Economy yesterday. The company will invest over EUR 1.8 million in opening the facility in Bosilegrad.

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

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

He pointed out that most of those employed in Bosilegrad worked in the public sector, so the investment of the Bulgarian company would increase employment in the private sector as well, thereby helping the budget of the municipality.

The support to the investment, according to him, is a proof of a different kind of relationship of the Government of Serbia towards the country's south and undeveloped areas.

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

Kalinel d.o.o. Vranje

Vlada Republike Srbije

Kalinel

textile production in Bosilegrad

Ministry of Economy

Dragan Stevanovic

Government of Serbia