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Bulgarian Enterprises in the Rechargeable Batteries and Accumulators Sector Generate a Turnover of Nearly Half a Billion Leva

Bulgarian Enterprises in the Rechargeable Batteries and Accumulators Sector Generate a Turnover of Nearly Half a Billion Leva

Nearly half a billion leva is the turnover generated by enterprises in the rechargeable batteries and accumulators sector. This was announced by the Minister of Economy and Industry Nikola Stoyanov during the official signing of Bulgaria’s accession to the European Battery Alliance. The event was opened by the President of the Republic of Bulgaria Rumen Radev and was attended by the European Commissioner for Innovation, Research, Culture, Education and Youth Maria Gabriel, the Deputy Prime Minister for EU Funds Management Atanas Pekanov, the Minister of Innovation and Growth Alexander Pulev, the Minister of Energy Rosen Hristov, the Executive Director of the Bulgarian Investment Agency Bogdan Bogdanov and others.

‘With 20 new factories in EU Member States, Europe is becoming a global player in the production of rechargeable batteries,’ Minister Stoyanov said. In his words, ‘Bulgaria is one of the countries that can have an important place in this process and has the opportunity to increase its technological presence on the European map of new generation industries’.

‘We have an industrial base for battery production in the form of representatives of large industrial enterprises in the sector. Bulgaria has another advantage in its active participation in the value chains in the field of batteries — the tradition of engineering education and technical universities at a high level’, Nikola Stoyanov emphasized. In his words, this is the basis, but the most important role will be played by Bulgarian and European talents in finding the right solutions that will establish Europe as a world leader in the sector. He expressed his wish that the next battery factory be built in Bulgaria.

The European Battery Alliance brings together over 800 industry partners, technology companies, financial institutions and development centres with the common goal of building a sustainable and competitive European battery industry for the transition to a clean energy and competitive industry. Bulgaria will be represented by the Bulgarian Investment Agency (BIA).

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