Ficosota Invests BGN 255M in Growth

Ficosota Invests BGN 255M in Growth

Business

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

Related articles

Kozloduy Unit 6 Shut Down for Maintenance
Unit 6 of Bulgaria’s Kozloduy Nuclear Power Plant was shut down on Thursday for planned maintenance due to a heat carrier leak in the third steam generator, the plant’s press centre confirmed.
Energy Community Marks 20 Years
The informal ministerial council of the Energy Community celebrated its 20th anniversary on Thursday at Zappeion Hall in Athens.
Greece Posts €4.5B Budget Surplus in H1 2025
Greece’s state budget recorded a primary surplus of €4.5 billion in the first half of 2025, a significant jump from just €77 million in the same period last year, the Bank of Greece reported on Wednesday.
Bulgaria PM Seeks Clarity on Inflation Figures
Prime Minister Rosen Zhelyazkov has asked Finance Minister Temenuzhka Petkova to clarify recent inflation data at the start of Wednesday’s Council of Ministers meeting.
Greece Approves €290M in Strategic Investments
Development Minister Takis Theodorikakos chaired the fourth 2025 meeting of the Ministerial Committee for Strategic Investments on Tuesday.
Greece to Request €2.1B from EU Recovery Fund
Greece will submit its sixth request for €2.1 billion from the EU Recovery Fund on July 18, Alternate Finance Minister Nikos Papathanasis announced Tuesday.
Bitcoin Dips After Record High
Bitcoin fell 3.57% on Tuesday after reaching a record high above $123,000 the previous day. As of 1200 GMT, the price had dropped to around $117,300.
Bitcoin Hits New Record Above $123K
Bitcoin surged to a new all-time high of $123,000 early Monday, extending its rally for a fifth consecutive day.
Dan: Romania’s Deficit Measures Are Temporary
President Nicușor Dan said Monday that the government's deficit-cutting measures are only temporary.