Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Italian firm Mirolio got first class certificate for its new investment plan in Bulgaria, which will be completed to the end of the year. The investment is for BGN 73.7 million and the money will be used to build a spinning workshop, a fabric-dyeing workshop, a water-treatment plant and an utility refuse depot. The factory will produce natural and synthetic textile fibres, while the fabric-dyeing workshop will be the largest on the Balkans. Mirolio has already invested in five factories in Bulgaria – three near the town of Sliven and two near the towns of Elin Pelin and Nova Zagora. The sixth workshop near Yambol will be equipped with modern technologies, delivered from the Italy base factories of the company. BGN 220 million is the profit of Mirolio for 2005 from its Bulgarian based companies, and the main part of it is from expert to the European union, USA, Canada, Mexico. After creating 530 jobs in the new factory, the number of its employees in Bulgaria will reach 2,300. For the last five years the president of the group Eduardo Mirolio has also invested in vineyard near Stara Zagora and has bought the WTC ”Interpred” in Sofia.
Eurofound (2006), Mirolio, Business expansion in Bulgaria, factsheet number 63521, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63521.
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