The fact that Volkswagen has chosen to negotiate with Turkey over the new plant of the company does not mean that negotiations for Bulgaria are over. Until a contract is signed, each of the countries can be chosen, said member of the Management Board of Automotive Cluster Bulgaria and President of Bulgarian in the period 2012-2017, Rosen Plevneliev. He added that work with Volkswagen and meetings of negotiating teams would continue in the coming months. Automotive Cluster Bulgaria has been working on many other projects together with the government, Plevnelev said at a press conference at the Council of Ministers and promised a completely new strategy for the development of the automotive industry in Bulgaria. The ambition is to double the number of employees in the sector - from 60,000 to 120,000. The goal is also the number of companies in the industry to rise from 230 to 500.
Bulgaria faces deep structural challenges. The economy is characterized by low added value and regional challenges, chairman of the Bulgarian Industrial Association (BIA), Dobri Mitrev, said. He presented the BIA index for “Economic..
The son of the US President - Donald Trump Jr. and Gila Gamliel, Minister of Science and Technology of Israel, will participate in a business forum in Sofia on April 27, organized by the global digital asset platform Nexo , the company announced...
On January 1, 2026, Bulgaria will take over the presidency of the Danube Strategy for the second time (after 2018) . This is happening at a difficult time for Europe, a time when the world is changing rapidly, when it is more important than ever..
In 2024, Bulgaria spent USD 2.208 billion (3.964 billion BGN), or 2.04% of its GDP, on defense, reads the annual report of NATO Secretary General Mark..
Bulgaria’s Ambassador to the United States Georgi Panayotov has requested an early end to his term, the Ministry of Foreign Affairs announced. The..
The Israel Defense Forces (IDF) have admitted to mistakenly firing on a UN facility in central Gaza in March, killing an UN staffer, reported BTA...
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