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

Strong investor interest in Bulgaria by South Korean companies

Photo: EPA/BGNES

There is strong investor interest in Bulgaria by companies from South Korea, said Prime Minister Boyko Borissov.

Besides with Volkswagen, negotiations on the construction of an automotive plant in Bulgaria are underway with Hyundai as well, the Bulgarian PM said, and added that he expected more clarity on the South Korean investment, which amounts to over USD 1.5 billion, by September.

Minister of Economy Emil Karanikolov added that there is a second South Korean investor – SK Innovation, the world’s biggest car battery manufacturer - who is searching out for sites in Bulgaria. Communication is still at a very early stage and Bulgaria will be in competition with several other countries for the future plant, Minister Karanikolov said. 



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

Patriarch Daniil

Patriarch Daniil: The Church's vocation is to bring together those who are divided

''The Church's vocation is to bring together those who are divided'', the newly-elected Bulgarian Patriarch Daniil said before his first Holy Mass. ''Today is a special day as we celebrate the translation of the relics of St. John of Rila to the Rila..

published on 7/1/24 11:58 AM

GERB's draft cabinet has three priorities

The first and most important goal is the adoption of the state budget. The second is the Recovery and Resilience Plan. The eurozone is a political issue and if we have a government, I believe we can move it forward and then go to elections, GERB..

published on 7/1/24 10:46 AM

GERB-SDS receives the first cabinet-forming mandate, proposes cabinet lineup

Bulgaria’s President Rumen Radev handed the first cabinet-forming mandate to Rossen Zhelyazkov who is the prime minister-designate of the largest parliamentary group-GERB-SDS. Rossen Zhelyazkov announced the structure and composition of the cabinet,..

published on 7/1/24 9:44 AM