Todoroff On Its Way Of Completing One of Three Main Vineyard Projetcs

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Todoroff AD is on its way of completing one of its three vineyard projects, BSE reports.

The project of Todoroff Agro, a company 100% controlled by Todoroff AD Sofia, is valued at 1,004,548 leva, of which 502,274 will be provided by SAPARD as financial support in compliance with the EU pre-accession program on development of agricultural regions in Bulgaria.

On Oct 1, 2007 the company signed a contract with DF Zemedelie ensuring resources for the foundation of a vineyard and acquisition of agricultural equipment.

204 decares will be new grapevines and 314 decares will be reconstructed alredy existing vineyards. According to plans Todoroff will have 1,000 decares of own vineyards by 2009. Thus the company will produce its wines with 100% own material which will improve qualiy.

5,350 shares changed hands on the BSE today. The stock declined 0.5% to an averag eof 2.14 leva/share.

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