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According to the statistics GDP per person for 2000-2003, Region Vidin is at second place between regions in north- western region for planning. This is due to the fact that the rate of GDP growth for the Region is higher from the north- western rate but drops behind the country rate.
The produced GDP in the Region during 2002 calculated at current prices is 379,341 million lv which is 1, 17% from GDP of the country and 19, 80% from DGP of the north- western region for planning. During 2002 2999lv. to a person which is 639 lv. lower than the rate for north- western region for planning and with 1110 lv. lower than country rate.
Business organization
Towards 31.12.2004 the active subjects registered in BULSTAT are 2 753 which is about 1, 14 % from the country ones. Density of the companies in Region Vidin is one of the last places for 2003 with 41 companies for 1000 active people. A slight growing of active companies on the Region’s territory can be seen. Property allocation is as follows: public – 111 or 0, 79 %, municipal – 227 or 1, 61 % and private – 13783 or 97, 57 %.
LEADING COMPANIES
KNAUF Gipsfazer" PLC
The company is registered in 1997 with 99% Austrian participation. The average annual production of the company is 3 million m² plastic slabs with trade- marks like Vidiwal and Vidifloor which find application in prefabricated houses, partition walls, floor isolations, facings and others. Production of the company is designed for home and international markets. Company’s biggest consumers are in Austria, Germany, Slovenia and Switzerland.
KULA RING"
The factory for technical rubber products “Kula ring” is a joint- stock company with Holland participation. It is specialized in producing conveyor belts, congestion tools, profiles and pads. High quality products are well placed in national and outer markets. About 75% of production is meant for outer markets.
VIDA STYLE” PLC
“VIDA STYLE” PLC is one of the biggest dressmaking companies in Region Vidin made in 1962. It is specialized in production of men shirts and women flannels 2 500 000 per year and 600 000 ties. The high quality and its production, good cooperation with foreign partners as “Orbis”, “Drexel, “Hatico”, “BWA”, “GBS” gives the company an access to markets not only in our country but also in - Germany, USA, England, Belgium, Spain, France, Finland and Italy.
Gips JSC”
“Gips JSC” is the only association in the country for extracting and manufacturing gypsum made at the beginning of 60s as mine- manufacturing company “Koshava”. Technological equipment provides for high quality production which completely satisfies home and foreign markets. During the last years the amount of production is about 160 000 tones gypsum and 85 000 tones gypsum for construction and others.
“L B BULGARICUM”
Joint- stock company with 100% state participation. There are no foreign funds but between government agreements the company works with international organizations. There is a Centre for science, development and production of dairy industry which is a receiver of existed from 1963 Dairy industry insitute.
“MAGURA” PLC
“MAGURA” PLC produces “Cabernet”, “Merlot”, “Gamza”, “Rkatsiteli”, natural frothy wine (white and red) and brandy. Cultivates 2 400 tones grape per year and there are 20 working places.
“VEDERNIK” PLC
“VEDERNIK”PLC-BELOGRADCHIK is a specialized dressing company for women’s clothes. The company is private with 10% part of the state. Almost all the production is exported to Germany (96%).
“FANTY – G”
Private transport company “Fanty-G” made in 1991for transport and spedition mainly destinations like Bulgaria – West Europe-Bulgaria. The trucks have certificate for “green and safety trucks”. Parallel with its general activity the company has modern complex for realization of attendant transport activities: petrol station, parking, car wash, service- station and stores. The company does transport activity along Danube River of loos and pallets, containers and automobiles from Bulgaria to Western Europe and back.
“AIHOV” LTD
“AIHOV” LTD is foreign company with 100% German capital. It produces electrical components and works entirely for export with materials supplied by the customer. The company has 200 working places.
“BDINTEX” LTD
“BDINTEX” LTD is new dressing company specialized in production of men shirts and women flannels. It works for famous European and American companies from Italy, France, Belgium, Germany and USA. The company has modern machines and equipment. 160 people are working there. The production is entirely for outer market. The company has an affirmative name in dressing business.
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