EU Considers Rolling Back Tariffs on Ukrainian Grain Imports
Amidst growing pressure from farmers and member states, the European Union is poised to reverse tariffs on grain imports from Russia and Belarus
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Bulgaria ranks first among ten European countries in its attractiveness to the automotive industry, a recent study of Automotive Cluster Bulgaria and Colliers International shows.
In addition, the text outlines the state of the automotive industry as of 2016.
It says the industry employs 33 000 people in 100 large enterprises "producing parts for almost any brand from the global automotive industry."
Using an index specially designed for the survey, the two organizations rank ten countries depending the conditions they offer to the auto industry.
The total revenues of the industry represents 3.5% of the country's GDP, having been EUR 1.55 B last year.
Accordingly, the countries whose attractiveness has been explored are ordered as follows: Bulgaria, Romania, Hungary, Poland, the Czech Republic, Spain, the UK, France, Germany, and Italy.
Low labour costs, EU membership, proximity to clients and producers, low real estate costs, low electricity prices, and tax incentives when doing business in regions with high unemployment rate have been pointed as advantages.
"Challenges", on the other hand, include lack of skilled labor force, bureaucracy, an inefficient legal system, and the fact that the majority of suppliers are located beyond national borders.
To date, there is only one producer with an assembly plant, the others being Tier 1, 2 and 3 suppliers.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
If you compare today's casino experience with two decades back, you can tell that a lot has changed.
Game distributors and casino sites want to be as accessible and user-friendly as possible.
The early decades of the 21st century have presided over huge changes in both society and technology, so much so that it is difficult to imagine what parts of the world today will survive to be distilled into the history books.
Farmers' protests in Bulgaria show no signs of abating as over 20 agricultural organizations demand an urgent meeting with Prime Minister Nikolai Denkov
Farmers and animal breeders from 26 agricultural organizations have converged on the heart of Sofia, staging a protest in front of the Council of Ministers
There is a worldwide shortage of quality professionals.
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion