EXCISE DUTY
Although there is now no EU norm that requires excise duty to be increased, Bulgaria’s alcoholic drinks industry as a whole may, and probably will, face severe sanctions from the EU if the Government doesn't success to curb the illegal production of alcoholic beverages. This was what Branimir Botev said, chairman of the alcohol association in an interview with a bulgarian radio programm. The association of alcohol producers, importers and traders vowed to put all their efforts into maintaining the current excise tax on alcohol. According to Botev this year the state will earn 40 per cent more from excise duty that means legal production has increased by 40 per cent.

MORE GOLF
Two more golf courses will be built in Straldja municipality, Yambol region, over the next five to seven years the local municipal council announced, as quoted by Pari daily. The projects will be built on 3.1 sq km plot of municipal land in the village of Alexandrovo. Solas Nua Ltd has wants to invest 250 million euro in the projects, which include two 18-hole golf courses as well as adjacent training facilities, a club building, a maintenance complex, a four or a five-star hotel, a spa center, recreation and sports facilities, commercial sites and about 3000 residential properties.

CAR PARTS
French car parts manufacturer Montupet has completed the construction phase of its project in the Danube city of Rousse. Montupet plans to launch test production by the end of October while regular production is scheduled to start in April next year,  a Montupet report said, as quoted by Intellinews. Providing equipment in the newly built industrial building has already been started. The total investment amounts to 36 million euro. The French company will produce aluminium wheels for European car trends such as Audi, Dacia, Peugeot-Citroen and Renault. The industrial zone in Rousse provides convenient ties to the Romanian-based facilities of Renault and Dacia as well as cheap transport links to central Europe and neighbouring Turkey.