Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Seven potential automotive industry investment projects are being looked into: Minister of Innovation and Growth Daniel Lorer

Minister of Innovation and Growth Daniel Lorer
Photo: BGNES

Bulgaria could turn into an innovations hub for the automotive industry. Seven projects by companies from the industry are being looked into for potential investments amounting to over EUR 1 billion, which will create 4,000 jobs, Minister of Innovation and Growth Daniel Lorer announced.

Minister Lorer opened an international conference in Sofia - Automotive & Mobility Forum 2022 - with the participation of representatives from the Balkans and Eastern Europe. In his words the future is connected with electric and autonomous cars, and this country can become a leader in developing software for them.

The CEO of the Automotive Cluster, Bulgaria Lubomir Stanislavov explained that more than 70,000 people are already employed in the 350-company sector. 



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

The Bulgarian National Bank has published clarifications on how the single currency will be written

In its “Questions and Answers” section on the introduction of the euro, the Bulgarian National Bank has published a clarification on how the single currency should be denoted and written in accordance with EU regulations. The name of the..

published on 11/14/25 10:01 AM

Bulgaria's government approves 2026 draft budget

The government approved the draft Law on the 2026  State Budget, as well as the Updated Medium-Term Budget Forecast for the 2026–2028 period. In connection with the introduction of the euro on January 1, 2026, all figures have been prepared in..

published on 11/13/25 3:35 PM

BNB Governor: Banks in Bulgaria are ready for the euro

Citizens should remain calm about the introduction of the euro in Bulgaria from January 1, 2026, as the Bulgarian National Bank and commercial banks are ready for all processes related to the currency conversion and distribution of euro banknotes. This..

published on 11/4/25 2:28 PM