We are pleased that with their professionalism and dedication, the team of Penkov, Markov & Partners - Milena Gaidarska and Radost Georgieva (Partners) and Ziya Choban, Attorney-at-Law, managed to overcome all the challenges and successfully complete the project for the certification of Tri-Wall Bulgaria under the Investment Promotion Act.

Tri-Wall Bulgaria will receive a "Class A" investment certificate, which gives the Company the advantages of shortened administrative time frames and individual administrative services, as well as significant financial support for the construction of technical infrastructure and reimbursement of mandatory social security contributions. With these incentives, Tri-Wall Bulgaria's operations will be facilitated.

The project of Tri-Wall Bulgaria includes the construction of a corrugated cardboard packaging plant in the Trakia Economic Zone, located in Radinovo, Plovdiv Region.

The size of the planned investment exceeds BGN 60 million over a period of about 5 years, and the investor's ambitious plan is to put the production facilities into operation as early as 2026-2027.

It is particularly pleasing that this investment will create around 150 new jobs in Plovdiv, which will further contribute to the development of the economic environment in the region.

This investment also shows the very active position of the local administration in creating the right conditions for attracting investments in Plovdiv and the region, which should be further commended.

We believe that by attracting a global brand such as Tri-Wall, which specialises in cardboard and corrugated packaging, this successful investment will be a positive signal to many other foreign partners.

Penkov, Markov & Partners will continue to provide comprehensive assistance for the successful implementation of this and all other foreign investments.