Italian co sizing up Stara Zagora as rose production site

Dnevnik News

Italy's Gruppo Ciccolella is involved in a feasibility study for a rose production site in Stara Zagora, Southern Bulgaria, news agency BTA quoted company president Vincenzo Ciccolella as saying.

Аccording to Ciccolella, a 70 ha site would enable an annual output of 50 mln roses.

The cost of the investment is estimated at 150 mln euro.

The Italian company hopes to create 300 new jobs with the launch of its rose hothouse operations in Stara Zagora.

The project will utilise steam generated by the Enel Maritsa Iztok 3 thermal power station in the vicinity.

Ciccolella and Enel's Enrico Viale signed the feasibility study memorandum on Monday.

The study should be completed within three months.

The assembly of the necessary production installations would take around 18 months. The first roses could be picked over the next three years.