BULGARIA – BELVEDERE
January 1st, 2005
BY KEITH NUTHALLFRENCH drinks group Belvédère is to sink Euro 30 million into the Bulgarian wine industry, as the country prepares to become a European Union (EU) member state in 2007. The company is planning to invest in local vineyards to be able to provide approximately 30% of its grape supplies for its Bulgarian production, which is owned by subsidiary Belvédère Capital Management Ltd. This move has been welcomed by the European Bank for Reconstruction and Development (EBRD), which plans to offer low interest loans of Euro 7 million and a Euro 2 million ...
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