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

Negotiations taking place over attracting investments in automotive manufacturing

Minister Emil Karanikolov
Photo: BGNES

One of South Korea's largest companies has been exploring Bulgaria and two other countries for making an investment of more than 1.5 billion euros, Bulgarian Economy Minister Emil Karanikolov said in Seoul. He is taking part in a delegation led by Prime Minister Boyko Borisov, who is on an official visit to South Korea.

Minister Karanikolov said the investment was about building a car battery factory that could be used by different companies. The project is not affiliated with Hyundai or Volkswagen, it was also reported. The Hyundai European Headquarters will be exploring the possibilities of setting up an Autonomous Car and Electric Car Test Center in Bulgaria, as well as auto parts production facilities.




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

In Washington DC caretaker PM Glavchev stated that Bulgaria is a reliable ally within NATO

During a discussion with US President Joe Biden at the 75 th anniversary NATO summit in Washington DC, Bulgaria’s caretaker Prime Minister Dimitar Glavchev stated that Bulgaria is a loyal and reliable ally. On his part, President Biden expressed..

published on 7/10/24 8:54 AM

Travelling exhibition highlights endangered species in Heraclea Sintica

The travelling exhibition "Traces of Extinction" features casts of the footprints of endangered species in the Rhodope Mountains. The casts are made of biomaterials that replicate the animals' actual forms and habitats, reports BTA. The exhibition will..

published on 7/10/24 7:20 AM

Major repairs to Danube bridge at Ruse begin

Major repairs to the Danube bridge at Ruse begin on 10 July, the Road Infrastructure Agency has announced.  The work will be carried out daily during daylight hours for 10-12 hours a day, depending on the specific work to be carried out, and there..

published on 7/10/24 6:50 AM