Podcast in English
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

Bulgaria employers increase the import of labor from non-EU countries

In 2024, Bulgarian employers increased the import of labor from non-EU countries, according to data from the National Employment Agency. A total of 15,560 foreign nationals arrived for short-term employment, which is 35% more than in 2023. Most..

published on 2/3/25 9:28 AM
Minister of Foreign Affairs Georg Georgiev

Sofia has not received an invitation from Skopje to jointly celebrate Gotse Delchev’s birth anniversary

Bulgaria and North Macedonia will not jointly celebrate the 153rd anniversary of the birth of Gotse Delchev on February 4. Bulgaria has not received an invitation to commemorate Gotse Delchev's birth anniversary together, Minister of Foreign Affairs..

published on 2/3/25 8:43 AM
 Prime Minister Rosen Zhelyazkov

Premier Zhelyazkov participates at an informal meeting of EU leaders in Brussels

On February 3, Prime Minister Rosen Zhelyazkov will participate in an informal meeting of EU leaders focused on strengthening European defense. The informal meeting will take place at the Palais d’Egmont in Brussels. The discussions will cover..

published on 2/3/25 6:05 AM