A Korean company, leader in the manufacture of automotive components, is to acquire two factories in Bulgaria with almost 500 workers, as part of a global asset acquisition and production diversification deal.
The deal is to be finalized during the first quarter of 2019. This was announced after the meetings Deputy Economy Minister Lachezar Borisov had with Korean companies from the automobile industry with an interest in investing in Bulgaria. In Seoul Deputy Minister Borisov took part in a session of the Korea-Bulgaria Industrial Cooperation Committee. The participants noted that during the first 6 months of 2018, Bulgaria’s exports to the Republic of Korea went up by almost 120 percent, reaching USD 40.5 million.
President Rumen Radev has returned for new discussion in the National Assembly the amendments to the State Agency for National Security (SANS) Act, adopted on October 2 this year, which assign the power to appoint or dismiss the chairman of the agency..
On Wednesday, the lowest temperatures will range between 6°C and 11°C, around 7°C in Sofia. Cloud cover will remain significant over most of the country, with rain showers in parts of Eastern Bulgaria and the mountains, more intense in the Rhodope..
In its new World Economic Outlook report, the IMF has raised its forecasts for Bulgarian economic growth this year and next, compared to its estimates from April. At the same time, IMF expects increase in inflation, as well as a decrease in the..
The Bulgarian National Radio will host the 2025 Public Broadcasters International (PBI) Annual Conference . The prestigious forum will be held from..
On Saturday, minimum temperatures will range from 8 to 13°C , around 9°C in Sofia. It will be mostly cloudy with rain in many areas. There will be..
Bulgaria has received its fourth air ambulance helicopter. “The new aircraft will be based at the Georgi Benkovski Air Force Academy hangar in Dolna..
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Partly cloudy, chance of rain