Bulgaria Ranks Among Top Three in Europe for Sheep Farming Subsidies
Bulgaria ranks among the top three countries in Europe in terms of financial support for sheep farming, yet the sector struggles due to outdated farming practices
The Litex Motors plant in the northern city of Lovech will have all the needed base and technology to start manufacturing the first series of Bulgarian electric cars in the spring.
The announcement was made by Bulgaria's Economy and Energy Minister, Traicho Traikov, who spoke Tuesday during a conference in Sofia, titled "Electric Vehicles as a Factor for Sustainable Urban Development."
Several electric cars made abroad can already be seen on the streets in the Bulgarian capital Sofia while the Electromobil Industrial Cluster informs they can transform a regular vehicle into an electric one for the fee of BGN 8 000. Earlier plans included manufacturing of electric cars in the city of Stara Zagora as well.
"The European Union adopted a strategy for developing vehicles that do not pollute the environment and Bulgaria reiterated its desire to participate in this process. The sector guarantees high added value and competitiveness, cleaner urban environment and higher quality of live," Traikov says.
The Minister explained the State is to secure road infrastructure to the Lovech plant since it is a class A investment while a work group of experts from different ministries is discussing a package of incentives for the electric car industry and their use by consumers such as exemptions from the Value Added Tax (VAT) for the purchase of electric cars, elimination of registration fees, traffic and parking privileges.
Traikov further said there is a project in place for building charging stations for electric cars in Sofia, Plovdiv and Varna.
Great Wall Motor Company, one of China's biggest automotive manufacturers, signed a joint venture (JV) deal with Bulgarian diversified holding company Litex Commerce in the presence of Chinese Vice President Xi Jinping and Bulgarian Prime Minister Boyko Borisov at the end of 2009.
The plant will have an annual production capacity of 50,000 units and assemble four different models – a sports utility vehicle (SUV), a pickup and two passenger car models, which are expected to be sold in European Union countries.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria ranks among the top three countries in Europe in terms of financial support for sheep farming, yet the sector struggles due to outdated farming practices
In a sign of the changing climate's impact on agriculture, Bulgarian farmers are gearing up for an early start to the wheat and barley harvest this year as soaring temperatures hasten crop ripening
Online gambling and casinos are becoming quite the attraction for players and enthusiasts alike.
Online sports betting has taken the world by storm, offering enthusiasts an exciting way to engage with their favorite sports.
In response to the ongoing war between Russia and Ukraine, the European Commission has greenlit a significant aid package for Bulgarian farmers, totaling approximately 86.9 million euros
If you compare today's casino experience with two decades back, you can tell that a lot has changed.
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU