Invest Sofia presented Green cards to leading companies in the field of transportation and logistics
The Sofia Municipal Privatization and Investment Agency (Invest Sofia) issued green cards to two leading companies in the field of logistics and transportation. These are M&M Militzer & Munch BG and TransTerminal Co. Ltd. The Green card by Invest Sofia provides a fast-track administrative service for eligible companies that are not certified under the Investment Promotion Act.
The event was attended by the Chairman of the Supervisory Board of the Agency Nikolay Stoynev, Deputy Mayor Angel Jorgov, the Executive Director of Invest Sofia Dr. Maria Hristova, and the Mayor of Lyulin District Milko Mladenov.
“Continuous support for the Sofia-based companies is of highest priority of the Sofia Municipality and the Mayor of Sofia Yordanka Fandakova.
Through Invest Sofia, we created a service that would provide quick and tailored administrative support,” Nikolay Stoynev said during the event. He emphasized that Sofia is an attractive destination for entrepreneurs and new companies. He presented the Green Card to Sasho Todorov, Manager at TransTerminal.
TransTerminal is part of the Swiss holding Transinvest Group. It incorporates 121 independent companies from 40 countries around the world, with a special focus on countries in Europe and Asia. TransTerminal has 10 percent Bulgarian participation. The main activity of the company is leasing and management of its own real estate facilities. “TransTerminal has its own warehouse near Lyulin District and a new logistics center with a built-up area of 2133.50 m2,” Sasho Todorov said upon receiving the Green Card. He also shared that the company plans a new investment of nearly EUR 10 million to expand its activities in the Lyulin Business Zone.
M&M Militzer & Munch BG, which received a Green Card from Deputy Mayor Angel Jorgov, is a leading international company in the field of logistics services, with subsidiaries in all European and Asian countries. M&M Militzer & Munch BG has been operating in Bulgaria since 1991 as the first foreign investor in the transport sector and today represents the biggest transport and logistics group in Bulgaria. The company has invested over EUR 20 million, and 20 percent of the enterprise has Bulgarian management.
Deputy Mayor Angel Jorgov reminded us that years ago the Lyulin District was a deserted area, but it has now been turned into a business zone. Mayor Mladenov shared the plans for the rapid construction of new and convenient transport connections for those working in the area. According to him, the new infrastructure will ease traffic in the area and create convenience for all companies and employees in the business zone.
To date, Invest Sofia has issued 7 Green Cards to investors whose total contribution to the economy is over EUR 130 million.