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

Bulgarian Parliament extends negotiations with Ukraine on Russian nuclear equipment by six months

With the votes of GERB, We Continue the Change (PP-DB) and the Movement for Rights and Freedoms (DPS), Parliament decided to extend by 180 days the negotiations between the Bulgarian Energy Minister and his Ukrainian counterpart on the sale to Ukraine of..

published on 9/11/24 2:36 PM

Gallup: Nearly 60% of Bulgarians say they believe in God

75.3% of Bulgarians identify themselves as Orthodox, 9.9% as Muslim and 11% as not religious. 59.5% say they believe in God and 27.5% do not. The rest are undecided. A fifth of respondents say they frequently attend religious services.  These are..

published on 9/11/24 1:57 PM
Boyko Borissov

GERB leader Boyko Borissov calls for pragmatism in politics

GERB leader Boyko Borissov announced that he is extending a hand to the parties from the former assemblage to seek an option of governance after the elections, the BNR’s reporter Daniel Inkov informed. Boyko Borissov emphasized that pragmatism in..

published on 9/11/24 12:24 PM