Ficosota Invests BGN 255M in Growth

Business 5 May 2025 16:35

In an interview with BTA, Krasen Kyurkchiev, CEO of Ficosota Food, revealed that the Bulgarian FMCG company has invested over BGN 255 million in the past decade to ensure long-term, sustainable growth. He emphasized that consistent investment is essential for global competitiveness and sales expansion, CE Report quotes BTA

Ficosota, which employs around 1,400 people, exports household and food products to more than 80 countries. Its popular brands include Savex, Bruschette Maretti, and Pufies. In April, the company won the Investor of the Year award in the Sustainable Business category.

Among recent projects is a high-tech production center in Shumen, with over BGN 80 million invested, including a new 15,000 sq. m bruschetta bakery. Ficosota has also implemented photovoltaic systems to support its sustainability goals.

Bruschette Maretti now holds 11–12% of Bulgaria’s baked snacks market and is exported to multiple countries, including the US. In 2024, over 70% of the company’s turnover came from exports, with food exports accounting for nearly 90%.

Tags

Bulgaria’s External Debt Rises 16% to €50.8B

30 July 19:00

Bulgaria’s gross external debt reached €50.83 billion by the end of May 2025, a 16% year-on-year increase, according to data released by the Bulgarian National Bank on Wednesday.

EU-US Trade Deal Averts Tariff War

28 July 23:55

Greece’s Finance Minister Kyriakos Pierrakakis hailed the new EU-US trade agreement as a positive development that ends months of uncertainty and prevents a potential trade war.

SME Lending Surges in Greece

28 July 13:10

Disbursements of new loans to small and medium-sized enterprises (SMEs) in Greece rose by around 16% in the first half of the year, reaching €1.21 billion, according to banking estimates.

Greece Remains Investor-Friendly

28 July 08:00

Despite a broader drop in foreign direct investment (FDI) across Europe, Greece continues to appeal to international investors, according to the EY Attractiveness Survey Greece 2025.

Greece Posts €4.5 Billion Primary Surplus in H1 2025

25 July 18:00

Greece recorded a primary surplus of €4.52 billion in the first half of 2025, significantly surpassing the budget target of €2.24 billion, the Finance Ministry announced Friday. The figure also exceeded the €2.91 billion surplus posted in the same period last year.

Dan to Visit Austria for Bilateral, Economic Talks

24 July 23:00

Romanian President Nicușor Dan will visit Salzburg, Austria, on July 25–26 at the invitation of Austrian President Alexander Van der Bellen.

ECB Holds Rates Steady Amid Inflation Target

24 July 20:00

The European Central Bank (ECB) kept its key interest rates unchanged on Thursday, in line with market expectations, pausing after eight consecutive cuts since June 2024.

Lottery Concession Attracts Two Bidders

24 July 09:25

Two investment groups have expressed interest in the international tender for a 10-year concession to operate and manage Greece’s State Lotteries, the Greek Superfund announced on Wednesday.

Greek SMEs, Citizens Protest Online Banking Fees

23 July 23:35

Citizens and small business owners in Greece are expressing growing frustration over excessive fees for online banking transactions, Athens Chamber of Tradesmen (EEA) President Yiannis Chatzitheodosiou said Wednesday.

Ficosota Invests BGN 255M in Growth

Tags

Related articles

Most read

Press Releases

Features