An investment of more than 600 million euros in the field of production of critical components for the automotive industry is expected to be made at the beginning of the New Year.
"The Western European investor, which has several production locations in Europe and experience in Bulgaria, is considering two possibilities for situating its production - in northern Bulgaria, near Ruse, or in the region of Stara Zagora," Minister of Economy Bogdan Bogdanov has told BTA. According to him, the development of electric autonomous cars is one of the main trends in Europe and the country is positioned in this sector with the possible contribution to the national economy next year reaching between 10 and 12% of GDP.
Minister Bogdanov pointed out that this is only one of several investment intentions for 2024.
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..
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
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