Bulgaria’s Premier Boyko Borissov, Bulgaria’s Minister of Foreign Affairs Ekaterina Zaharieva and that country’s former President Rossen Plevneliev (2012-2017) unveiled in the town of Pazardzhik a factory for manufacture of car parts. Premier Borissov greeted the investors and pointed out that nearly 40,000 jobs have been created in the automotive industry in the recent years, Boyko Borissov added that another factory for car parts will be opened soon in the city of Pleven (Central North Bulgaria) which will employ nearly 8,000 people. The new factory in Pazardzhik is the third production facility of Kostal Group in Bulgaria and part of the strategy aimed at expanding production capacity for the needs of the European market. Nearly 1.300 people are expected to be employed at the new factory in Pazardzhik.
Bulgaria’s industry is being transformed in the direction of high added value productions, reads an analysis by the Institute for Market Economics. This tendency is best manifested in computer science, electronics and optics which account for the..
Acceleration of inflation to 1.1% in October compared to the previous month was registered by the National Statistical Institute. On an annual basis, the index is 1.8 percent. In October, the prices of goods and services for..
A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and Social Policy for introducing a new mechanism to determine the minimum wage. This is happening a day..
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