Aurubis

The metallurgical industry generated a sum of BGN 9.6 billion in the gross domestic product (GDP) of the country and contributed to 15.4% of total Bulgarian exports last year, according to data presented by the companies in the sector during the celebration on Metallurgy Day, reports Money.bg

The third largest company in revenue in Bulgaria - Bulgaria based Aurubis, in the copper industry, plans to invest 260 million leva in its business in the country over the next four years. These funds will be used to modernize the infrastructure at the company's plant in Pirdop. This is what the CEO Tim Kurth said in an interview with "24 Hours".

German businesses prefer to trade with Bulgaria rather than invest into the country, an article on DW Bulgaria's website argues.

Bilateral trade has posted a sevenfold increase since Bulgaria joined the EU in 2007 and is likely to reach EUR 7 B in 2016, with the volume of exported goods by Bulgaria now being just 25% lower than the one imported from Germany.

An investment package of nearly EUR 150 M into the Bulgarian economy is being considered by leading copper producer Aurubis, the company's CEO Tim Kurt has said.

At a press conference, Kurt and the company's Secretary General Georgi Nikolov warned of a number of challenges that Bulgaria's business environment poses to businesses, such as the administrative burden.