Банкеръ Weekly



The German Sinalco company signed a licence agreement with the Veliko Turnovo-based brewery Bolyarka VT AD. The document allows the Bulgarian company to produce and distribute soft drinks of the Sinalco brand in Bulgaria. The agreement is valid for ten years and after it expires, it will be renovated every five years.Sinalco soft drinks are sold in 50 countries around the world. Sinalco Cola, Sinalco Tonic, Sinalco Orange, and Sinalco Lemon are the most traded brands. Bottles of 0.5 and 2 litres are to be sold in Bulgaria.Bulgaria already has established traditions in the cooperation with German investors, Deputy Minister of Economy Valentin Purvanov said at the official ceremony for the signing of the licence agreement. German businessmen have invested USD680MN between 1992 and 2003.

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