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

Belgian consortium plans to invest over 1 billion euros in battery production in Bulgaria

PM Denkov (right)
Photo: BTA

A Belgian consortium intends to invest in Bulgaria up to 1.1 billion euros in the production of lithium-ion batteries for cars. This was announced by Prime Minister Nikolay Denkov after a meeting in the Council of Ministers with representatives of the potential investor. 

The investment is expected to provide over 1,000 jobs. It is planned that there will be a development base in Plovdiv, the factory will be in Stara Zagora, and in Burgas there will be an installation where used batteries will be recycled and valuable metals will be extracted from them. 

Denkov was adamant that the environment would not be endangered. 

The additional state aid to the investment will be coordinated according to the rules with the European Commission, stated Finance Minister Asen Vassilev.



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

Natural gas prices up 3% in October

The final price proposed by Bulgargaz for the sale of natural gas to its customers in October is BGN 63.72 (EUR 32.58) per megawatt-hour before tax. The 3% price increase is expected to be approved by the Energy Regulatory Commission. The October price..

published on 10/1/24 5:12 PM

Commercial operations of the Alexandroupolis LNG terminal begin

T he  LNG terminal near the Greek town of Alexandroupolis has officially srarted commercial operations today, the Greek company Gastrade announced. The facility features state-of-the-art technology with a maximum regasification capacity of 5.5 billion..

published on 10/1/24 11:01 AM

NSI: Business expectations fall due to uncertain economic environment

In September, the overall Business Climate Indicator for the country decreased by 1 point compared to August. The decline reflects a less favourable assessment in the industry sector, where the indicator fell by 5.2 points. Managers in industry reported..

published on 9/30/24 2:02 PM