The Coca-Cola company moves to Bulgaria all the administrative, legal and accounting activities of its representation in Europe.
"It's all their accountants, lawyers, most of the staff. It is not just about the Balkans, or the region but the whole Europe", Acting Minister of Economy and Energy, Asen Vasilev said according to Novinite.
The company’s management said the move will be made to reduce labor costs.
Coca-Cola Hellenic, the Coca-Cola Europe bottler, was incorporated last year in Switzerland, giving up Greece as a center of operations amid financial and economic crisis in the country.