The company is registered in Territorial administration Big taxpayers and insurers towards 2009, 04.30
Source: Tax Administration (30.04.2009)

Kraft foods invests BGN 40 million in the factory of Svoge Kraft Foods Bulgaria announced a colossal investment of BGN 40 million in the chocolate factory in Svoge. The investment is focused on new technological lines and decisions, which will insure production of a big range of chocolate products. The aim of the investment is to expand production capacity in order to turn the factory into a production center on the Balkans, the executive director Franco del Fabbro said. The investment will insure 120 jobs in production and more than 200 positions, related indirectly with the expansion of activity. The company is one of the biggest employers in Bulgaria, as it has employed more than 800 Bulgarians. New technological lines, three in total, will be set in operation on October 2nd 2009. The decision for the investment was made in November 2008, while in July the first products of the new line are to be launched.
Source: Monitor (16.09.2009)

Kraft Foods Bulgaria invested BGN 40 million in its chocolate factory in Svoge for three new technological lines that will produce 100,000 chocolate bars a day. Thus the company becomes regional centre for Kraft Foods production, the executive director of the company said. Last year the company's branch in Romania was closed on account of the expansion of the Bulgarian branch.
Source: Pari (16.09.2009)

Bulgaria will serve as the regional confectionary and coffee hub of US chocolate giant Kraft Foods, the company said at the presentation of its retooled factory in the western town of Svoge. The expansion has devoured BGN 40 million, which has been invested in two chocolate and sweets production lines that are already up and running. A third line should be completed by the end of the year. So far, production from the Svoge facility has been sold exclusively to the domestic market but after wrapping up the investment, the company will boost exports to the Balkan nations as well as Turkey, Hungary and Ukraine. Upon completion of the expansion, the factory will be capable of popping out around 100,000 chocolate bars a day. The ribbon-cutting ceremony has been scheduled for October 2. Last year Kraft pumped BGN 1.6 million into its coffee factory in Kostinbrod, western Bulgaria, making it its regional coffee production hub. Following the upgrade, the company transferred from Germany to Bulgaria its coffee production operations servicing the Romanian market. Kraft Foods Bulgaria gives job to more than 800 people, having also hired another some 200 workers in related activities.
Source: Dnevnik (16.09.2009)

Kraft Foods Bulgaria envisages exporting produce totalling 100 million leva annually starting in 2010, Investor.bg reported on October 2 2009. The company officially inaugurated a brand new production line in the Svoge factory, north of Sofia, on October 2. Kraft Foods invested 40 million leva into the Svoge chocolate factory, north of Sofia, making Bulgaria a "regional production centre". This is in addition to the 1.6 million leva investment for new technology in the company's Kostinbrod factory. The Svoge factory has received the financial package earmarked for the purchasing and installation of new technological production lines, of which two are already in operation, while the third installation will be activated by the end of December 2009. The investment has been achieved exclusively through the company's own capital, Dnevnik daily reported on September 15 2009. Kraft Foods Bulgaria envisages increase of exports for Greece, Romania, Macedonia, Serbia, Turkey, Ukraine, and Hungary. With new production lines, the factory will reach a capacity of 100 000 chocolates a day.
Source: investor.bg (02.10.2009)

Working in Bulgaria Is Fun In 2007, Franco Del Fabbro was appointed the CEO of Kraft Foods Bulgaria. - Mr. Fabbro, you are the only foreigner among the finalist in the 2009 Manager of The Year contest. Is it difficult to make business in Bulgaria? - I would say that it's more fun to work here than in other counries. I've made up my mind not to come back to any of the old EU member states. Working there is more boring and monotonous than it is here. Business in Bulgaria is developing far more dynamically notwithstanding whether the moment is good or bad. - What do you think of the crisis development? - As a matter of fact the crisis hit Bulgaria in 2009, a bit later than in other countries, which made it somewhat expected. I'm not sure whether we have reached the "rock bottom" or the worst is still ahead. The good news is that we were prepared for what happened and had a chance to manage our companies in the best possible way: without panicking or distracting our attention from our final goal. - For which companies the consequences of the crisis would be more serious? - I am not familiar with the overall business climate in Bulgaria, but many negative results can be noticed in the sector of automobile industry and construction. In my opinion, what should be done urgently is to grant credits more easily, especially to small companies. The financial condition of these companies is not very stable, they have invested large funds in better times and now are facing serious difficulties. - When do you expect the first symptoms for coming out of the crisis? - Nobody can tell for sure, but as a whole visible signs of improvement are expected during the second half of 2010. The important question that everybody is asking is whether the economy will be restored rapidly or will the recovery process be dragging on for years.
Source: Standart (19.10.2009)

Kraft Foods Bulgaria JSC - Svoge has appointed Extraordinary Meeting on 21.12.2009.
Source: Registry Agency (12.11.2009)

The winners in Pari daily's Success Team competition will be announced at a ceremony tonight at the Metropolitan Hotel. The jury will chose among 15 management teams: Petrolvilla Bulgaria, TechnoLogica, Prista Oil, KCM 2000, Kirov, Sopharma, SGS Bulgaria, Sodexo Bulgaria, Bramac Roofing Systems, Kraft Foods, Hewlett-Packard, Refan, Beiersdorf Bulgaria, Rosa Impex, and Avon. These are all companies that shape up not only sectors like energy, chemical industry, information technology and pharmaceuticals but also the whole economy. The spotlight this time has been on medium-level management, which is indispensable for any company. The criteria for choosing the best team include good practices for survival in crisis, new attitude to innovations, staff encouraging, diligent taxpayer and social responsibility.
Source: Pari (09.12.2009)