Bulgaria could turn into an innovations hub for the automotive industry. Seven projects by companies from the industry are being looked into for potential investments amounting to over EUR 1 billion, which will create 4,000 jobs, Minister of Innovation and Growth Daniel Lorer announced.
Minister Lorer opened an international conference in Sofia - Automotive & Mobility Forum 2022 - with the participation of representatives from the Balkans and Eastern Europe. In his words the future is connected with electric and autonomous cars, and this country can become a leader in developing software for them.
The CEO of the Automotive Cluster, Bulgaria Lubomir Stanislavov explained that more than 70,000 people are already employed in the 350-company sector.
IT is one of the leading sectors in terms of salary increases and interest by job seekers in Bulgaria. Before the pandemic all kinds of experts were being hired regardless of their expertise or practical skills, but now preference is given to people..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..
Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..
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