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

Europe-Asia consortium invests USD 200 million in electric vehicles plant in Bulgaria

Executive Director of InvestBulgaria Agency Stamen Yanev
Photo: investbg.government.bg

A Consortium of European and Asian companies is planning to build a factory for electric vehicles in Bulgaria. A memorandum of intentions for construction of this factory was signed in the presence of Bulgaria’s Deputy Premier for Economic and Demographic Policy Mariana Nikolova. The document was signed by the Executive Director of InvestBulgaria Agency Stamen Yanev and the managers of the Korean-Chinese company Songuo Motors and the Italian Hadid Holding. The two companies voiced intentions to invest in the enterprise in Bulgaria some USD 200 million. Nearly 2,000 jobs are expected to be opened during the fulfillment of the project.




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

Foreign Minister hosts iftar dinner in honor of ambassadors of Arab countries in Bulgaria

At the beginning of the Iftar solemn dinner, which was held in honor of the ambassadors of Arab countries accredited in Sofia, Minister of Foreign Affairs Georg Georgiev emphasized the importance of dialogue , cooperation and shared responsibility for..

published on 3/29/25 10:18 AM

Bikers open the new motorcycle season in Sofia

The start of the 2025 Motorcycle Season in Sofia will be given today at 11:00 am on "Knyaz Alexander I" Square. From there, the bikers will pass through key boulevards and will reach the "Boyana" residence. If necessary, traffic will..

published on 3/29/25 5:05 AM

Bulgaria has the lowest labour costs among EU countries

Labor costs in the European Union in 2024 amounted to an average of 33.5 euros per hour, and in the eurozone countries alone - an average of 37.3 euros per hour. This is according to the latest data from the European statistical agency Eurostat...

published on 3/28/25 9:48 PM