Bulgaria’s financial regulator has approved the prospectus for a capital increase of lavender oil and cosmetics producer Lavena through a new share issue. The 53,330 new shares, with nominal value of BGN 1 each, will be issued at a price of BGN 79 apiece. The capital increase will be considered successful if at least 40,000 new shares are subscribed for and fully paid for. Lavena’s share capital currently stands at BGN 266,652. Lavena, established in 1962, owns lavender plantations and exports its products to Europe, Asia, Africa, Australia and the U.S. Bulgaria is among the world's biggest producers of lavender oil.
Source: Capital (17.08.2017)

A plant for melissa and lavender oil is made in Strazhitsa Distillery for production of essential oils is made by the Sofia-based company S-Land EOOD in Strazhitsa, indicating its investment announcement to the town hall. The production will be unique as the main output would be the exceptionally valuable oils of melissa, chamomile, lavender and many others. They are mainly used in pharmaceuticals and cosmetics. The workshop is planned on an area of just over 9 decares and there will be many warehouses and dryers. The total capacity per year will be 5 tons of lavender oil and 150 liters of melissa. The technical equipment also includes the installation of 4 modular distillation installations with a volume of 5.5 cubic meters. The city hall and the regional eco-inspection have given a green light for the project.
Source: Borba - Veliko Tarnovo (24.08.2017)