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Opportunities Are Being Explored in Bulgaria to Build a Plant for the Electric Vehicles Components Production

Opportunities Are Being Explored in Bulgaria to Build a Plant for the Electric Vehicles Components Production

Opportunities are being explored to build a plant for the production and assembly of automotive components for electric vehicles in Bulgaria. Investments are expected to exceed EUR 40 million and the number of new jobs created to reach 800. The project was presented to the Minister of Economy and Industry Nikola Stoyanov by representatives of the management of a foreign company. At this stage, meetings have already been held to explore possible sites for the plant.

‘The Bulgarian automotive sector is one of the fastest growing and companies are planning new expansions — all of this is a testament to the competitiveness of the economy and the options we can provide,’ said Minister Stoyanov. He added that companies in the electronics, electrical engineering, information technology, chemical industry, etc. are reporting good results. ‘Bulgaria can offer highly qualified personnel, but we are interested in attracting investors who are ready to pay adequately for their work’, Nikola Stoyanov continues.

Nikola Stoyanov presented Bulgaria’s industrial zones as an area for investment and the plans of the Ministry of Economy and Industry for their development. He highlighted Bulgaria’s strengths as a place for investment and promised full administrative support for the decision to launch the new project in our country.

The meeting was attended by Stefan Yonkov, Head of the Office for Trade and Economy at the Consulate General of Bulgaria in Munich and representatives of a Bavarian investment consulting company involved in the project.

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