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Large investment in the automotive industry expected at the beginning of the New Year

Minister Bogdanov
Photo: BGNES

An investment of more than 600 million euros in the field of production of critical components for the automotive industry is expected to be made at the beginning of the New Year.

"The Western European investor, which has several production locations in Europe and experience in Bulgaria, is considering two possibilities for situating its production - in northern Bulgaria, near Ruse, or in the region of Stara Zagora," Minister of Economy Bogdan Bogdanov has told BTA. According to him, the development of electric autonomous cars is one of the main trends in Europe and the country is positioned in this sector with the possible contribution to the national economy next year reaching between 10 and 12% of GDP.

Minister Bogdanov pointed out that this is only one of several investment intentions for 2024.



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