Bulgarian Mining Sector Expects BGN 4 Billion Investments in the Next Few Years
, NewsAs much as BGN 4 billion (about EUR 2 bn) in new investments, doubling of the currently 24,000 people employed and twice as much income from concessions taxes to the state budget are some of the positive effects expected by the Bulgarian miming industry, if stabilization measures are taken. A new strategy for the sector, which should be approved Tuesday by the Bulgarian Council of Ministers, is aiming to provide a secure environment for foreign investments in the Bulgarian mining sector, Latchezar Tsotsorkov, chairman of the Bulgarian Chamber of Mining and Geology, said today during Miners’ Day celebration in Sofia.
Energy minister Temenuzhka Petkova stated that the ministry has also been occupied with preventing illegal mining with multiple on-site inspections. The ministry will also work for the criminalization of illegal mining, which leads to millions of missed gains for the state and, even more often so, to the loss of human lives.
source: publics.bg
LATEST NEWS
- June 14, 2023 The Serbian Institute for Critical Materials launches a regional mining platform for knowledge exchange
- April 24, 2023 Without sustainable mining, there is no renewable future
- March 25, 2023 Europe revives mining to reduce dependence on the import of key raw materials
- March 8, 2023 Calcium Carbonate Industry, Reshaping the Market Growth, Serbian supplier to match European industrial demand
- August 13, 2023 Environment South East Europe Watch temporarily suspends the activity
- August 9, 2023 Regional Coalition Aims to Protect Up to 400 Kilometres of Rivers Across Southeast Europe
- August 9, 2023 Meeting Serbia’s Energy Needs: A Smart Siting Map for Solar Power
