Thrace Economic Zone: A Hub of Economic Growth

The Thrace Economic Zone (TEZ), strategically located near Plovdiv, Bulgaria, is experiencing a surge in economic activity with the construction of four new factories. This expansion underscores the TEZ’s growing importance as a key industrial and investment destination in the region.

New Investments pouring In

Emil Yankov, Business Progress Manager at the Thrace Economic Zone, highlighted the influx of new investors from various countries, including Japan, China, Germany, and Bulgaria. This international interest demonstrates the TEZ’s attractiveness to global businesses seeking to establish or expand their operations in Europe.

“Thrace Economic Zone” encompasses six industrial zones: Maritza,Rakovski,kuklen,Plovdiv Industrial Park,Innovation Park and Kaloyanovo Agro Centre.

Public-private Partnership Fuels Success

The success of the thrace Economic Zone can be attributed to a robust public-private partnership established in 1996. This collaboration has facilitated the attraction of over 200 companies to the region, resulting in more than €3.5 billion in investments and the creation of over 45,000 jobs.

“Thanks to the successful public-private partnership since 1996, so far, TIZ has attracted over 200 companies in the region, over € 3.5 billion has been realized and are investments and are More than 45,000 jobs have been opened,”

Emil Yankov, Business Development Manager, Thrace Economic Zone

Specific Investment Highlights

Several notable investments are underway within the TEZ:

• A joint Japanese and Bulgarian venture is investing 60 million leva in a new enterprise, slated for completion in 2026.
• German company Schneider Electric is progressing with the construction of a new smart factory near Plovdiv, backed by a €15 million investment.
• Chinese automotive giant Volvo has chosen the TEZ for a significant investment, marking its entry into the Bulgarian market.This move positions volvo as the first major chinese investor in the Plovdiv region.

Impact on the bulgarian Economy

The ongoing investments in the Thrace Economic Zone are expected to have a significant positive impact on the Bulgarian economy. The creation of new jobs, the influx of foreign capital, and the introduction of advanced technologies will contribute to increased economic growth and competitiveness.

One notable project involves the establishment of a “Smart” production facility, which will create approximately 15 new jobs. This initiative exemplifies the TEZ’s commitment to fostering innovation and technological advancement.

Bulgaria’s FDI Landscape

Bulgaria has been steadily attracting foreign direct investment (FDI) in recent years. According to the Bulgarian National Bank,FDI inflows reached €1.2 billion in 2024, demonstrating the country’s growing appeal as an investment destination. The Thrace Economic Zone plays a crucial role in attracting this investment and driving economic development.