Bulgaria could turn into an innovations hub for the automotive industry. Seven projects by companies from the industry are being looked into for potential investments amounting to over EUR 1 billion, which will create 4,000 jobs, Minister of Innovation and Growth Daniel Lorer announced.
Minister Lorer opened an international conference in Sofia - Automotive & Mobility Forum 2022 - with the participation of representatives from the Balkans and Eastern Europe. In his words the future is connected with electric and autonomous cars, and this country can become a leader in developing software for them.
The CEO of the Automotive Cluster, Bulgaria Lubomir Stanislavov explained that more than 70,000 people are already employed in the 350-company sector.
The procedure for renewable electricity storage projects under the National Recovery and Resilience Plan is now open and proposals are being accepted. There is a lot of money, the deadlines are short and the conditions applicants have to meet are not..
The European Bank for Reconstruction and Development (EBRD) has slightly lowered its growth forecasts for the regions in which it invests. Bulgaria's economy will grow by 2.9 per cent in 2025, 0.1 per cent less than initially forecast in May...
The largest net positive flows of direct investments in the country for January - July 2024 are from the Netherlands (269.5 million euros), Austria (225 million euros) and Greece (160.5 million euros), BNB data show. According to them, the..
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