Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Negotiations taking place over attracting investments in automotive manufacturing

Minister Emil Karanikolov
Photo: BGNES

One of South Korea's largest companies has been exploring Bulgaria and two other countries for making an investment of more than 1.5 billion euros, Bulgarian Economy Minister Emil Karanikolov said in Seoul. He is taking part in a delegation led by Prime Minister Boyko Borisov, who is on an official visit to South Korea.

Minister Karanikolov said the investment was about building a car battery factory that could be used by different companies. The project is not affiliated with Hyundai or Volkswagen, it was also reported. The Hyundai European Headquarters will be exploring the possibilities of setting up an Autonomous Car and Electric Car Test Center in Bulgaria, as well as auto parts production facilities.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Warm and cloudy with rainfalls in the mountains

On Friday it will be cloudy, as in the afternoon cloudiness will be significant. There will be precipitation in some places, as in the south-western massifs and in the south-eastern areas of the country it will be intense. The..

published on 9/19/24 6:50 PM

60% of Bulgarians declare confidence in the European Union

The majority of Bulgarians declare stable trust in democratic models, in the European Union and  in the democratic world  in general . This is shown by the results of a survey by the sociological agency "Gallup International" conducted between..

published on 9/19/24 6:05 PM

Migration pressure along Bulgaria's borders has decreased by 71%

Illegal migration across Bulgaria's borders has decreased by 71% in the first eight months of 2024 compared to the same period of 2023. These data were presented by the head of the Border Police, Anton Zlatanov, at a meeting of the..

published on 9/19/24 5:33 PM