Soravia

Bulgaria is ready to double the subsidies it offers in order to secure the contract for the new Volkswagen plant, the German daily Frankfurter Allgemeine Zeitung writes in an exclusive material. "We have found a way to offer the Volkswagen Group 250 to 260 million euros instead of 135 million euros," former head of state Rosen Plevneliev told F.A.Z.

The Austrian real estate investment company Soravia has acquired a "significant part" of the site of the former Kremikovtzi plant in Sofia. This is understood by a message from First Investment Bank to the Financial Supervision Commission and the Bulgarian Stock Exchange.