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

The deadline for submitting documents for participation in the elections expires today

September 11 is the last day on which parties and coalitions can submit their documents to the Central Election Commission (CEC) to participate in the early parliamentary elections on October 27. The deadline expires at 5.00 pm today. By the end of..

published on 9/11/24 9:10 AM

Rain to ease but temperatures to remain low

Skies will be overcast. Rain and thunder will fall in many places, especially in the eastern half of the country.  Winds will be light to moderate, from east-southeast in eastern areas and west-northwest in the rest of the country. Temperatures will..

published on 9/10/24 7:05 PM
Atanas Zafirov

BSP withdraws papers for party’s independent participation in upcoming election, will run as coalition

Acting chairman of the Bulgarian Socialist Party (BSP) Atanas Zafirov has withdrawn the papers submitted yesterday for the BSP’s independent participation in the early election for parliament on 27 October by the supporters of Kornelia Ninova, who..

published on 9/10/24 5:53 PM