Podcast in English
Text size
Bulgarian National Radio © 2024 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

Institute for Market Economics

High added value manufacturing marks significant growth: Institute for Market Economics

Bulgaria’s industry is being transformed in the direction of high added value productions, reads an analysis by the Institute for Market Economics. This tendency is best manifested in computer science, electronics and optics which account for the..

published on 11/16/24 2:04 PM

Monthly inflation rises to 1.1%

Acceleration of inflation to 1.1% in October compared to the previous month was registered by the National Statistical Institute. On an annual basis, the index is 1.8 percent. In October, the prices of goods and services for..

published on 11/15/24 3:22 PM

Employers and trade unions discuss the mechanism for determining the minimum wage

A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and Social Policy for introducing a new mechanism to determine the minimum wage. This is happening a day..

published on 11/14/24 9:31 AM