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

Belgian consortium plans to invest over 1 billion euros in battery production in Bulgaria

PM Denkov (right)
Photo: BTA

A Belgian consortium intends to invest in Bulgaria up to 1.1 billion euros in the production of lithium-ion batteries for cars. This was announced by Prime Minister Nikolay Denkov after a meeting in the Council of Ministers with representatives of the potential investor. 

The investment is expected to provide over 1,000 jobs. It is planned that there will be a development base in Plovdiv, the factory will be in Stara Zagora, and in Burgas there will be an installation where used batteries will be recycled and valuable metals will be extracted from them. 

Denkov was adamant that the environment would not be endangered. 

The additional state aid to the investment will be coordinated according to the rules with the European Commission, stated Finance Minister Asen Vassilev.



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

Borislav Gutsanov, the Minister of Labor and Social Policy.

Average salary in Bulgaria €1,315, rises to €1,784 in Sofia

In the second quarter of the year, the average salary increased by 12% year over year, reaching €1,315.04.   Borislav Gutsanov, the Minister of Labor and Social Policy, announced this information after today's meeting of the National Council for..

published on 9/2/25 4:59 PM

Do dual prices in euros and leva confuse the Bulgarian consumers?

As of August 8, 2025, the mandatory indication of prices for all goods and services in Bulgaria in two currencies – in Bulgarian leva and in euros – has been in effect. This obligation will remain valid for traders for a period of one year – until..

published on 8/27/25 2:50 PM
Luboslav Kostov

Trade Unions: The minimum wage should be EUR 620.2 as of January 1

As of January 1, 2026, the minimum monthly wage should be 1,213 BGN (EUR 620.2), up from the current 1,077 BGN (EUR 550.66), said Luboslav Kostov, Chief Economist at the Confederation of Independent Trade Unions in Bulgaria (CITUB), in an interview..

published on 8/26/25 5:11 PM