Renowned businessman Edoardo Miroglio will get Bulgarian passport for special contributions to the economy of Bulgaria. Miroglio has three textile factories in Sliven, a hotel in the city center, winery near the village of Elenovo, where he built a unique chateau. He owns the factory Sviloza Yarn in Svishtov and Interpred in Sofia. He employs over 2,200 Bulgarians. Annual sales of his business group amount to EUR 250 million. Miroglio is known for charity - recently he donated equipment for BGN 50,000 to the Department of Neonatology in the District Hospital Dr. Ivan Seliminski in Sliven.
Source: Standart (10.01.2013)

Textiles and apparel: Orders are back Increase in Bulgarian exports of textiles and apparel. Reorientation of orders of global fashion brands from China to Bulgaria. Improved situation on foreign markets, but also credit indebtedness in the sector increased. Shrinking demand. In short - a complicated year. This summary describes the past 2012, according to Radina Bankova, Chairman of the Bulgarian Association of Producers and Exporters of Apparel and Textile (BAATPE). Because of the increased cost of labor and transportation costs to and from China, many European contracting entities returned. The geographical position of Bulgaria, modern machinery, technological capabilities, plus the flexibility of clothing enterprises make Bulgaria a preferred partner for fashion companies in Italy, France, Germany, etc. At the end of 2012 only 23% of Greek clothes were produced in Greece, according to the Greek association of companies working in the field of knitwear and garments (SEPEE). Still according to the same organization, Bulgaria is number one producer of Greek costumes with a share of 57%. It remains competitive because of low wages and because of the established image of good quality. These factors are especially important when ordering a small series of top brand clothing. The trend of return is favorable, but not definitive, because China still holds its own as a leader in sewing, according to experts from the sector saying that so far about 12 million Chinese made clothes for Europe.
Source: Capital (17.07.2013)