Investor who produce sportswear, jeans and leather jackets in Germany will build a huge textile factory in the Bulgarian city Knezha. Vakas Malik has registered his company in “Avanstar Bulgaria” and has received certificate for investment Class A.
Malik has committed to invest BGN 55.1 million for three years and to create 4900 new jobs. As a future employment, this is the largest project in Bulgaria in the past 10 years. It is envisaged that after the first year will be employed about 1,000 people in the plant, and full employment will be reached after five years. This will solve the problems with the unemployment not only in the Kneja but also in the neighboring municipalities of Byala Slatina, cherven Briag, Oriahovo.