Letnitsa Industrial Park

The "Letnitsa Industrial Park" project is a Public-Private Partnership (PPP) initiative. The park provides attractive conditions for building factories, logistic warehouses and other service facilities.
The project is supported by the local municipality, the Invest Bulgaria Agency (IBA), Bulgarian Industrial Association and the Bulgarian Chamber of Trade and Commerce. "Letnitsa Industrial Park" Ltd. is the company managing the park and providing full service for the investors.

Location and Map

North-Central Bulgaria, Letnitsa Municipality, Lovech Region.
See location on the map bellow:

Industrial Park Characteristics

• Region with tax incentives – 0% corporate tax in the sphere of production enterprises.
• Situated in Letnitsa Municipality, Lovech Region.
• Surface: 541 000 m. sq. (possibility to expand the site).
• Electricity supply – 20 kV.
• Water supply.
• Sewerage.
• Optic cable.
• Gas supply.
• Bordering on road.
• Bordering on railway.  
• 10 km. from the newly built highway.
• Proximity to:
  • Sofia – 180 km.
  • Lovech – 30 km.
  • Pleven – 40 km.
  • Gabrovo – 70 km.
  • Veliko Tarnovo – 80 km.
  • River Port Svishtov – 55 km.
  • Airport – 5 km.

Services provided

Letnitsa Industrial Park (IPL) provides multifaceted consultancy services to prospective investors, in compliance with their requirements, working in close co-operation with local municipalities. It develops, organizes and manages projects related to establishment of enterprises in areas of high unemployment.

IPL has a devoted team of reliable and experienced partners incorporating architects, engineers, contractors, shipping agents, and a network of respectable consultants in the managerial, financial, tax and legal spheres.

IPL represents a unique bridge between the stakeholders, the business partners and local municipalities. The team strives to comply with the requirements of its clients and meet all their different expectations adequately. IPL develops a strategy of acquiring in-depth knowledge of the target goals, interests and concerns of all parties involved in a particular project. Thus, being aware of the existing business environment and its potential, IPL is in the capacity to provide suitable, streamlined pragmatic solutions and suggest management practices to the mutual benefit of both investors and local authorities.

IPL has established reliable contacts with the administration of several important ministries and agencies functional in different economic and industrial sectors. IPL is also trying to build partnerships with international investment bodies and trade and industrial chambers.

Services provided:

• Project Planning and Management

Our team and partners can assist investors in developing and utilizing projects in various fields:

• preparation of preliminary studies about investment opportunities in different areas;
• issuing all preliminary permits for construction;
• elaboration of an action plan and project schedule (project tasks, performance indicators, resource allocation, completion deadlines.

At the planning stage we pay special attention to the different regulations and procedures to be followed in connection with the investment project.
At the implementation stage we conduct monitoring and support of the whole process.

• General Contracting Services

IPL offers a wide range of contracting services with specialized companies in a number of fields. Our good relationships with the local municipalities ensure the timely implementation of the projects at outstanding quality.

• Leasing of Industrial Premises

IPL facilitates its customers in focusing capital investment in real estate. Upon demand IPL concludes a leasing contract for industrial premises in compliance with the vision and needs of individual investors.

• Consultancy on Government Subsidies and Tax Preferences

IPL can provide in-depth information regarding available government subsidies and tax preferences in the region. In addition, as IPL is situated in an area of high unemployment, with zero corporate tax on profit, we can match in an efficient manner the financial resources allocated by the investor and the government funds available.

• Financial Consultancy

IPL assists its customers in rising additional financial funding either through ensuring bank loans or through private and public investment resources available under regional development programs.

• Legal and Tax Consultancy Services

IPL has at its disposal a team of legal experts who can supply investors with all relevant information about legal procedures and requirements. Besides, it is ready to provide consultancy on tax reduction options according to Bulgarian legislation.

• Human Resource Services

During the project implementation stage, IPL will be able to offer a variety of human resource services such as selection, recruitment, training and management.

Master plan

Master plan Letnitsa (pdf, 512 kb)

Letters of support

Presentation

Letnitsa Presentation (pdf, 1.74 mb)

Gallery

Go to > Letnitsa Industrial Park Photo Gallery

About the Municipality of Letnitsa

The Letnitsa Municipality is located in the northernmost and flat part of Lovetch District (North-Central Bulgaria). The municipality consists of 1 town (Letnitsa) and 3 villages. The conditional boundary that separates the Danubian Plain from the Northern Balkan Range passes through its territory.

Letnitsa is developing as an agricultural area. The favorable climate pre-determines the growing of grains, fodder, industrial crops and fruit. Private farmers grow raspberries and strawberries in an area covering 1,000,000 sq. m.
The biggest regional tourist attraction site, which has been declared a natural site, is the Marata Forest Park. It includes: The Kroushoun Karst Waterfall, which is approximately 15 m high; the biggest water limestone cascade in the country; the second-biggest water cave and a number of other caves. A mineral spring with 15,5 l/sec debit was discovered very close to the Forest Park. The water temperature is 58°C.

The Town of Letnitsa is a Medieval Bulgarian village dating back from 4th c. B.C. The Letnitsa Silver Thracian Treasure was found in this region in 1963. It was discovered unexpectedly 50-60 cm deep in the ground. In a bronze vessel turned with the mouth down were found a number of small silver objects with gold-plated parts of horse ammunition from 4th c. B.C. Among the findings there is also a well-preserved harness. The illustrations cycle of mythological stories upon the plates is also interesting. The Letnitsa Treasure is displayed in the National Archeological Museum in Sofia.

Useful information about Municipality of Letnitsa and the surrounding regions:

Table 1: Population data

Table 2: Labor market

Table 3: Industry infrastructure

Table 4: Education

* The high schools offer as well the following specializations:
light and heavy industry, food processing, machinery construction,
tourism, economy and other.