Тsaratsovo is a village in the Plovdiv Province

Plovdiv Province

Plovdiv Province is a province in central southern Bulgaria. It comprises 18 municipalities on a territory of 5,972.9 km² with a total population, as of December 2009, of 701,684 inhabitants...

, central Bulgaria

Bulgaria

Bulgaria , officially the Republic of Bulgaria , is a parliamentary democracy within a unitary constitutional republic in Southeast Europe. The country borders Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, as well as the Black Sea to the east...

. It is part of the Maritsa municipality

Maritsa municipality

Maritsa Municipality is located in the Plovdiv Province, southern Bulgaria on the northern bank of the Maritsa River. It has 30,676 inhabitants and consists only of villages. The municipality has thriving industry with around €400 000 000 invested in the recent years...

 and it has 2,216 inhabitants.

In 2007 a several million euro

Euro

The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...

 electronics plant was inaugurated in Tsaratsovo. It has a bult-up area of 3,000 m² and employs 80 workers.

In the same year a new bicycle

Bicycle

A bicycle, also known as a bike, pushbike or cycle, is a human-powered, pedal-driven, single-track vehicle, having two wheels attached to a frame, one behind the other. A person who rides a bicycle is called a cyclist, or bicyclist....

-producing factory was opened near the village. It has an area of 34,000 m² of which the built-up area is 23,600 m². The plant is going to produce 500,000 bicycles a year and employs more than 500 people. Large part of the production is exported to other EU

European Union

The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...

 members, Russia

Russia

Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...

, Serbia

Serbia

Serbia , officially the Republic of Serbia , is a landlocked country located at the crossroads of Central and Southeast Europe, covering the southern part of the Carpathian basin and the central part of the Balkans...

 and Monte Negro

Monte Negro

Monte Negro is a municipality located in the Brazilian state of Rondônia. Its population was 16,233 and its area is 1,931 km²....

.

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