Bulgarian textile producer to invest in Serbia

Bulgarian textile producer Kalinel is to invest €1.9m (US$2.0m) in expanding its production capacities and workforce with new facilities in southern Serbia.

Kalinel will get incentives worth €710,000 (US$750,000) from the Serbian Ministry of Economy.

The company plans to build a production hall in the area of Vranje and Bosilegrad using the premises of former sewing factory Kobos.

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