Send to Kindle
pixabay.com
The Japanese automotive giant Honda officially announced today its intention to close its factory in Swindon, UK in 2021, reported the Bulgarian National Television.
This means that 3,500 jobs are threatened. The European headquarters of the company remains in the UK.
The official explanation for the solution is that there is a need to improve the production model in the context of the challenges facing the automotive sector.
Last year, the company's only plant in the EU produced around 160,000 vehicles.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The United States, Britain, and France have issued advisories urging their citizens to avoid travel to Iran, Lebanon, Israel, and the Palestinian territories in the coming days
An organized criminal group comprising Bulgarian citizens has been implicated in what authorities describe as the largest welfare fraud scheme in the legal history of Great Britain
Amidst the ongoing war, Ukraine has made a bold diplomatic move by appointing its former commander-in-chief, Valerii Zaluzhnyi, as the new ambassador to the United Kingdom
Bulgaria experienced a significant boost in its economy last year, with foreign investors creating more than 2,000 new jobs in various sectors
Another Bulgarian national has been apprehended in the United Kingdom on allegations of espionage for Russia
Amid growing concerns over the reliability of the United States' nuclear shield under a potential second term of Donald Trump, German Finance Minister Christian Lindner has suggested the possibility of a European nuclear shield
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
Bansko, Bulgaria's premier mountain resort, experienced a surge in winter tourism, with more than 190,000 visitors flocking to its slopes during the season
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023
As Bulgaria inches closer to potential entry into the Eurozone, a closer examination of the nation's banknote circulation provides valuable insights into its monetary landscape
Vasil Velev, Chair of the Bulgarian Industrial Capital Association (BICA), delivered a stark assessment of the European Union's (EU) economic performance, highlighting concerns over its lackluster growth compared to global counterparts
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
