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

Leading automotive company creates jobs for 100 Bulgarian engineers

| updated on 12/2/22 3:52 PM
Photo: sac.bg

A new research and development center of a leading company in the automotive industry has opened doors in Sofia. The Japanese company is a manufacturer of electronic devices for cars with more than 300 subsidiaries in over 40 countries and enters the Bulgarian market for the first time. The initial investment totals 3.5 million dollars and by the end of 2023 the number of employed engineers will reach 100.

The Bulgarian head of state pointed out the significant contribution of the center of the Japanese company to the development of the automotive industry in this country, which is constantly growing and already forms 12% of GDP. According to President Radev, Japan is a key partner in trade and economic relations and deepening cooperation in the field of high technologies outlines a new model of relations between business, institutions and society.

The President also pointed out that Bulgaria highly values the predictability and fairness of the Japanese companies that invest in the country.

Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgaria rated a 'free country' by Freedom House

Bulgaria has been identified as a free country in this year's Freedom in the World report , published on 29th February by the American NGO Freedom House.  The country scored 78 out of 100 points . It scored 46 out of 60 for civil liberties and 32..

published on 2/29/24 1:41 PM
PM Nikolai Denkov answering questions in parliament

Bulgaria will not send troops to Ukraine or Moldova, PM Denkov says

“Bulgaria has never discussed and does not intend to send Bulgarian troops to Ukraine,” said Prime Minister Nikolai Denkov in answer to a question in parliament. “Months ago, in answer to a question by the media, I said that as long as I am..

published on 2/29/24 11:09 AM
Boyko Borissov

GERB sets deadline for negotiating a coalition agreement - by 8 March

The coalition agreement GERB is working on, will be presented to We Continue the Change/Democratic Bulgaria (PP/DB) on 6 March, GERB leader Boyko Borissov told reporters in parliament. Prime Minister Nikolai Denkov and Deputy Prime Minister..

published on 2/29/24 10:32 AM