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

Foreign Minister Georg Georgiev

Victims of the communist regime honoured on remembrance day

Cabinet members, public figures and members of the public honoured the memory of the innocent victims of the communist regime in the country following the communist coup in Bulgaria on 9 September, 1944. February 1, Day of Remembrance and..

published on 2/1/25 4:25 PM

Bulgarian fighter pilots to undergo training for F-16 Block 70 aircraft

Bulgaria received the first F-16 Block 70 aircraft at the Lockheed Martin production facility in Greenville, USA. With this act the country’s strategic partnership with the US in the sphere of defence continues its upward development, said PM Rosen..

published on 2/1/25 1:29 PM

57% of Bulgarians are against the adoption of the euro in principle, 39% are for: survey

25.7% of Bulgarians support the adoption of the euro as of 1 January, 2026, and 30.8% accept it as an indispensable condition of the country’s membership of the EU but want it to happen later. According to a survey by Myara sociological agency, in..

published on 2/1/25 1:04 PM