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.
Starting October 15, Bulgaria's toll system has begun weighing heavy vehicles over 3.5 tons while they are in motion. The weighing process is fully automated. "Currently, 10 out of nearly 100 planned devices have been certified. The sensors..
The number of Ukrainian citizens with temporary protection in the country who are accommodated in hotels and other facilities under the program for humanitarian support and integration of displaced persons from Ukraine has decreased by half. Currently,..
"We will no longer help ensure a quorum in Parliament", said Boyko Borissov, leader of GERB, the party holding the mandate for the government formed by the parliamentary majority. His statement, made in front of the party's parliamentary group and..
Mostly Cloudy
Clear
Partly Cloudy
Cloudy
Partly cloudy, chance of rain