Bulgaria Grapples with Soaring Corruption Rates: New Report Reveals Shocking Data
Corruption in Bulgaria has soared to its third highest peak in history, according to a recent report by the Center for the Study of Democracy
The US company Sensata Technologies, a leading supplier of components for the car industry and innovator in sensor technology, electronic protection and control, opened its third plant in Bulgaria on Friday.
The plant, which is located in the Maritsa industrial zone of Plovdiv, has an area of 68 000 square metres and will produce pressure sensors.
The investment amounts to around BGN 80 M and the plant is expected to provide employment to 1200 people in the next two years.
Sensata entered the Bulgarian market with the purchase of the Belgian company Sensor-Nite in 2011.
Its plant in Botevgrad produces temperature sensors for Volkswagen, Daimler, Volvo, Fiat and General Motors.
The plant in Botevgrad and the business centre in Sofia employ a total of 1850 people. The centre in Sofia has a crew of engineers and serves as customer service point for Europe.
Nearly USD 15 M were invested in Botevgrad where millions of sensors are produced annually, daily Dnevnik informs.
Sensata invested USD 40 M in the purchase of land and the construction of its plant in Plovdiv, which was unveiled by Bulgarian Prime Minister Boyko Borisov.
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