Podcast in English
Audio Player
Text size
Bulgarian National Radio © 2025 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

Bulgarian Prime Minister Rosen Zhelyazkov

Bulgaria cannot intervene in espionage case against Bulgarians in the UK, says PM Zhelyazkov

Bulgaria cannot intervene in the espionage case against Bulgarian citizens in the UK. This was stated by Prime Minister Rosen Zhelyazkov during parliamentary question time, in response to a question from the Velichie party.  "Criminal justice is carried..

published on 4/4/25 2:22 PM

Civil society calls for effective policing and an end to animal cruelty

Bulgarians have traditionally had a deep respect and gratitude for domestic animals. For generations, horses, oxen, donkeys and cows have been indispensable partners in agricultural life, faithfully assisting people in their daily work.  While..

published on 4/4/25 1:53 PM

One out of five Bulgarians approves the development of artificial intelligence

More than 42% of Bulgarians are concerned about the development of artificial intelligence. According to a quick survey on the topic by the Myara agency, published by BTA, 37 percent of those surveyed said they were not familiar with..

published on 4/4/25 11:54 AM