Foreign Investors Create Over 2,000 New Jobs in Bulgaria
Bulgaria experienced a significant boost in its economy last year, with foreign investors creating more than 2,000 new jobs in various sectors
The Council of Ministers has approved a draft memorandum of understanding with the investor Yazaki Bulgaria EOOD for the construction of a plant for cable equipment of cars near the village of Krepost in the region of Dimitrovgrad, announced the press centre of the government.
The plant will produce electric installations for Mercedes class A and V cars.
Production is expected to start in April 2017, while the announced investment is to the amount of BGN 45.5 M. The money will be invested in several stages until 2019. The expected number of new jobs directly linked to the project is 3,150.
Yazaki Corporation is one of the biggest producers of cable equipment for the automobile industry. It has 175 centres for development, production and sales in 50 countries.
The group entered the Bulgarian market in 2006 and it has plants in Yambol and Sliven. These produce cables for Ford and Renault models.
Yazaki has created nearly 5,000 jobs in Bulgaria, while its revenue for 2015 amounted to BGN 298.2 M.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022