Podcast in English
Text size
Bulgarian National Radio © 2025 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

Petar Ganev, Institute for Market Economics

IME expects Bulgaria to meet the price stability criterion for joining the euro area

Bulgaria will meet the price stability criterion for joining the eurozone without the need for subjective calculations, said the Institute for Market Economics (IME), which refers to inflation data in recent months. Following a positive..

published on 5/18/25 12:20 PM

NSI: Household expenses up 13%; incomes up 15% in last quarter

In the first quarter of 2025, the average quarterly total income per household member in Bulgaria was BGN 3,271 (€1,672), marking a 15.2% increase compared to the same period in 2024. This data comes from the Household Budget Survey by the National..

published on 5/16/25 2:28 PM

Germany, Romania and Italy are Bulgaria's main trading partners in the EU

Bulgaria's main trading partners are Germany, Romania, Italy, Greece and France, which account for 62.5% of exports to EU Member States, according to NSI data. In February, exports of goods from this country to the EU decreased by..

published on 5/13/25 2:10 PM