Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Strong investor interest in Bulgaria by South Korean companies

Photo: EPA/BGNES

There is strong investor interest in Bulgaria by companies from South Korea, said Prime Minister Boyko Borissov.

Besides with Volkswagen, negotiations on the construction of an automotive plant in Bulgaria are underway with Hyundai as well, the Bulgarian PM said, and added that he expected more clarity on the South Korean investment, which amounts to over USD 1.5 billion, by September.

Minister of Economy Emil Karanikolov added that there is a second South Korean investor – SK Innovation, the world’s biggest car battery manufacturer - who is searching out for sites in Bulgaria. Communication is still at a very early stage and Bulgaria will be in competition with several other countries for the future plant, Minister Karanikolov said. 



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

740 runners take part in Kodzha Kaya mountain marathon

A record number of contestants from 8 countries are to take part in today’s Kodzha Kaya mountain marathon. Its 6 th edition of hosted by Bilka village in the Eastern portion of the Balkan range. By a tradition the marathon begins at dawn..

published on 4/28/24 5:30 AM

Weather forecast: A warm and sunny Sunday

On Sunday the weather will be predominantly sunny, with cumulus clouds forming in the East in the afternoon though there is a slim chance of rain. There will be a light to moderate wind from the East-Northeast. Minimum temperatures 5-10° C., for..

published on 4/27/24 6:00 PM

Unfair practices checks in organized tourist travel

As the active season is set to begin, the Ministry of Tourism started checks into unfair practices in organized tourist travel. Two of the tour operators checked so far have not provided a certificate for carrying our tour operator activity and..

published on 4/27/24 2:48 PM