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

Temperatures to drop on Sunday

Sunday will be mostly cloudy. Rain is expected in the Danube plain. In the Balkans - light snow. Daytime temperatures will fall with a minimum between minus 3° and 2°, in Sofia - around 0°, and a maximum of 3-5°C in the northeastern half of the country..

published on 11/9/24 7:05 PM

If we ignore what happened outside the National Theatre, it will become the norm, writers warn

The scriptwriters, authors and playwrights of the Bulgarian Association of Film, Television and Radio Screenwriters have condemned the aggression against spectators, actors, authors and staff of the Ivan Vazov National Theatre. In an open letter, they..

published on 11/9/24 4:45 PM
Илияна Йотова

Vice President Iliana Iotova: If President Radev had appointed the caretaker cabinets, the situation would be different

It is obvious that there is something wrong with the way the elections were held , Vice President Iliana Iotova told BNT. A few days ago, she described the newly elected 51st National Assembly as "illegitimate" because of the many signals of violations..

published on 11/9/24 12:23 PM