Bulgarian veterinary company gets EUR 100 Mln under Juncker plan

The project was approved for financing under the Juncker Plan in  October and received a 100 million euro loan by the European Investment Bank. The beneficiary is the Huvepharma company.

The agreement was signed in Sofia by Agriculture and Foods Minister, European Commission Vice President Jyrki Katainen, European Investment Bank Vice President Andrew McDowell and Huvepharma Chief Executive Director Kiril Domouschiev.

The project covers the design, construction and management of two new facilities: a new fermentation facility for the manufacturing of active substances, nutritional supplements, enzymes, probiotics and ready medicinal formulations for animal and human health and a new plant for the manufacturing of animal vaccines. The project supports the capacity expansion of one of the few European players in the poultry and swine segment of animal health. It also supports R&D in the fields of microbiology and the development of new products, such as vaccines and enzymes, as well as process improvement and formulation.

Source: BTA daily, 13/01/2018