FlixBus Expands Routes from Bulgaria: New Connections to Thessaloniki, Athens, and More
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
A German Company will Invest 21.5 million BGN in a Factory near Vratsa
Business | January 6, 2019, Sunday // 12:12
- Tweet
Send to Kindle
Minister of Economy Emil Karanikol awarded an investment certificate Class A to "MD Electronic" Ltd. under the Investment Promotion Act (IPA), the Ministry of Economy announced. The amount of the investment amounts to BGN 21.5 million, with 300 new jobs being opened.
The investment project envisages the construction of a new production plant in Vratsa, which will consist of production, logistic buildings and offices with a total built-up area of 9 950 sq. M. The company will produce cables for data transmission and electronic components, coaxial parts and cables for media and multimedia modules. For the production process, the company will purchase and equip the factory with various manual, semi-automatic and automatic machines.
"MD Elektronik" GmbH, Germany, is a leading company in the field of data transfer solutions in the automotive industry. Its products are integrated into more than 170 car models of more than 25 manufacturers. The MD Electronics Group comprises four countries on three continents and has over 5,000 employees.
Minister Karanikolov stressed that for the period 2014-2018, the certified projects in the automotive sector are 17, totaling BGN 300 million, and about 8 000 new jobs are revealed. "Undoubtedly, automotive production is one of the priority sectors for attracting foreign investment in the country, with great potential for development of exports, employment and regional development. The sector consists f more than 170 companies - international and local companies, manufacturers of parts and components for cars, "explained Karanikolov.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Russian Forces Capture Strategic Village of Ocheretyne in Donetsk Region
In a significant development, the Russian army has seized control of the pivotal village of Ocheretyne in the Donetsk region of Ukraine, a strategic location crucial for Ukrainian defense efforts
Business | April 24, 2024, Wednesday // 16:10
Bulgaria Sees Surge in Lamb Prices as Retail Costs Rise
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
Russian Nationals Accused of Falsifying Documents for Bulgarian Citizenship
In a concerning revelation, the ad hoc committee investigating the activities of Gleb Myshin uncovered that over the past three to four years, a staggering 343 candidates from the Russian Federation seeking Bulgarian citizenship were discovered to have su
Business | April 23, 2024, Tuesday // 16:35
Bulgaria's Tourism Sector Pushes for Extension of Work Visas from Third Countries
As the summer season draws near, the issue of staffing in the tourism sector in Bulgaria comes to the forefront once again, with the workforce having to depend on individuals from foreign countries for yet another year
65.3% of Bulgarian Workers Earn Below Subsistence Level
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
