German auto parts manufacturer VOSS Automotive has officially opened its first factory in Bulgaria. The site is located in the Bahovitsa Industrial Park near Lovech and has been operating since May. The jobs created so far are 100, but by the end of next year their number is expected to increase to 900. Investments in the site have so for reached 15 million euros. The company has long-time experience in the production of pipe fittings and components for primary installation in fuel, cooling, pneumatic and exhaust systems of passenger cars and heavy vehicles. To this date, the company has factories in 56 countries, with an annual turnover of over 600 million euros and more than 6,000 employees.
Bilateral relations between Bulgaria and Argentina have received a new impetus for development following the visit of an Argentine delegation from the Chaco province to Bulgaria at the beginning of November . High-ranking officials from the..
Employers are contesting the rise of the minimum wage. The Bulgarian Industrial Capital Association announced that they filed a complaint in the Supreme Administrative Court. About 430,000 people in the country work for minimum wage...
If the political crisis continues, the lost benefits will reach a threshold after which the Bulgarian business will begin to lose competitiveness due to growing deficits in education, healthcare, infrastructure, regional development and demographics...
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