Bulgarian company Silverleaf Trading Limited and Turkish leaf processor Sunel Tobacco Company have announced that they have reached an agreement in principle to form a joint venture, which will source, process and sell Bulgarian leaf tobaccos through its operating subsidiary, Silverleaf Trading Bulgaria EOOD, Haskovo.

Both parties believe in the value of the synergies in this strategic partnership in Bulgaria that will also enable the group to supply tobaccos from Turkey, Bulgaria and Kyrgyzstan with the intention to extend the operations into Macedonia. (ci)