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.
Based on preliminary data, the Finance Ministry expects a deficit of around BGN 6.1 billion ( €3.11 billion), or 3% of the projected gross domestic product (GDP), at the end of 2024. "Estimates suggest that the deficit will show an improvement..
The two most sought-after currencies by Bulgarians in 2024 remain the US dollar and the euro, just as in 2023. The Turkish lira, the Romanian leu and the Serbian dinar were also very popular, followed by the British pound and the Swiss franc. This was..
The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..
In 2024, Bulgaria's exports of goods to third countries decreased by 5.1% compared to 2023, amounting to EUR 15.4 billion (30 114.9 million BGN),..
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