Economy Minister Emil Karanikolov: Bulgaria stands ready to manufacture cars

Emil Karanikolov
Photo: BGNES

Economy Minister Emil Karanikolov declined to comment on the postponement of the decision by the German automotive giant Volkswagen on where they will build their new plant in the Balkans.

“Bulgaria stands ready to manufacture cars. Workers and business in Bulgaria have reached such a level as to be able to manufacture whole cars,” said Minister Karanikolov and added that it is up to any strategic investor to announce, themselves, where they will target their investments. In Minister Karanikolov’s words, the Volkswagen board of directors will come to a decision soon.

The Volkswagen management declared it was beginning negotiations on the planned new factory in Eastern Europe. Bulgaria, Romania, Serbia and Turkey are vying for this investment 

More from category

Machine voting in Bulgaria dropped for local elections only

Machine voting will be dropped only for the local elections in Bulgaria, the legal committee at the National Assembly has decided. After the local elections on October 27th, in sections of more than 300 voters, machine voting will be only allowed..

published on 7/23/19 6:30 PM

Bulgaria and North Macedonia to cooperate in fight against trafficking in human beings

In Ohrid, Interior Minister of North Macedonia Oliver Spasovski and Bulgarian Deputy Prime Minister and Minister of Defense Krassimir Karakachanov, have signed a protocol on cooperation in the fight against trafficking in human beings. Signing this..

published on 7/23/19 5:40 PM

Bulgaria and Croatia to strengthen partnership in security and defense

At a time of unpredictable challenges, Bulgaria and Croatia are to intensify their cooperation and hold regular consultations on key issues part of the European and regional agenda. Both countries will be working on strategic dimensions of the..

published on 7/23/19 5:30 PM