Miroglio

A combination of Eid al-Fitr and Mother's Day has led to an increase in retail sales, according to sector representatives.

The demand for Mother's Day shopping, to be marked on May 9, has come at a time when people already have started shopping for Eid, which will take place on May 2-4 at the end of the Muslim holy month of Ramadan.

Many companies choose to sew their clothes in Bulgaria, where the production is both cheap and "Made in Europe". Deutsche Welle reports on a detailed report by Deutschlandfunk on business and its dark side - exploitation and low pay.

SOFIA (Bulgaria), July 18 (SeeNews) - Bulgaria-based textile company E. Miroglio plans to open fashion stores in four French cities by the end of the year, which will operate under the Dika brand, it said on Wednesday.

The Corporate Commercial Bank (KTB) is the third largest stake holder in Bulgaria's largest tobacco company, Bulgartabac Holding.

According to the report of the Capital Daily business daily, it has purchased 3.22% of Bulgartabac's stakes and the total ownership of the bank became 6.02%. 

The E.Miroglio company, leader on the international textile market, will invest BGN 55M in its textile factories in Bulgaria's cities of Sliven, Yambol and Svishtov in 2014.

Part of the money will come from European programs, the owner of the enterprise Edoardo Miroglio announced.