Text size

Belgian consortium plans to invest over 1 billion euros in battery production in Bulgaria

published on 12/12/23 6:02 PM

PM Denkov (right)

Photo: BTA

A Belgian consortium intends to invest in Bulgaria up to 1.1 billion euros in the production of lithium-ion batteries for cars. This was announced by Prime Minister Nikolay Denkov after a meeting in the Council of Ministers with representatives of the potential investor.

The investment is expected to provide over 1,000 jobs. It is planned that there will be a development base in Plovdiv, the factory will be in Stara Zagora, and in Burgas there will be an installation where used batteries will be recycled and valuable metals will be extracted from them.

Denkov was adamant that the environment would not be endangered.

The additional state aid to the investment will be coordinated according to the rules with the European Commission, stated Finance Minister Asen Vassilev.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Belgian Belgian consortium Belgian investment car batteries investment lithium-ion battery

More from category

The signing of the contract between the Sliven Diocese and Electra Trans Global for the land on which the large-scale complex will be built

Bulgarian aircraft repair company invests EUR 60 million in Burgas

One of the largest Bulgarian companies for repairing civil aviation aircraft has chosen Burgas for a major investment in aircraft repair and maintenance, the Municipality of Burgas announced. The company will build one of the largest hangar complexes..

published on 2/12/25 9:08 AM

NSI: Bulgaria exports less, imports more from third countries

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), according to data from the National Statistical Institute (NSI). Bulgaria's main trading partners..

published on 2/10/25 2:54 PM

The proceeds from the sale of Lukoil Neftohim should be frozen, experts say

It is extremely concerning that the largest company in Bulgaria, Lukoil Neftohim, which is part of the country's critical infrastructure, is still in the hands of a country that has declared Bulgaria a hostile state. This opinion was shared by energy..

published on 2/2/25 11:58 AM