The Bulgarian brewer Zagorka, has turned in a 4m leys (US$1.8m) net profit after registering a 7m leys loss in 2000.

The company, which is majority owned by Greek-based Brewinvest, said: "Good quality of the beer which we produce and rising sales were the main reasons for the profit."
 
Brewinvest is a joint venture between Greece's Coca-Cola HBC and Dutch brewing group Heineken NV, and controls a 97% stake in Zagorka. The remainder is owned by individuals.