Ryanair Expands Operations from Bulgaria with 5 New Destinations
Ryanair has announced plans to base its fourth aircraft at Sofia Airport and introduce flights to five new destinations this summer season
For a long time already, the business in Bulgaria has been talking about the ever-growing problem of the lack of skilled labor. This trend is not only about Bulgaria, but also about many other European countries. But we can say that in our country took the "first sacrifice". This is Belgian Malmar, which is a manufacturer of buses, trucks and construction equipment and a supplier for companies such as Volvo and Renault.
In 2016, its management confirmed that they would invest in a base in Plovdiv, but two years later, according to the data of Capital, the company decided to withdraw from the Bulgarian market. As a reason for their decision by Malmar, they point to a shortage of quality workforce. In retrospect, Gent-based company announced its intentions to "copy" its good experience from its production base in Latvia and in its likeness to open a new factory in Bulgaria.
In the Baltic state they entered in 2006 with only six employees, and a decade later they now have more than 150 staff, with 95% of the production produced there. The official announcement of the investment in Bulgaria in 2016 says that because of the rapid growth of the business and the attraction of new clients from the management have decided to open a new base and have chosen Plovdiv.
According to plans, the plant in the Bulgarian town had to work in the third quarter of 2016. However, the production there has never started, and it is now clear that Malmar has completely abandoned its idea of doing business in the country. "Our plans have changed dramatically, because of the very low productivity of Bulgarian workers, we decided to stop the production in Plovdiv," Dorsan de Buische, manager of the company, told Capital. There will be only six engineers and one employee in the administration who will help the company work in Latvia and Belgium.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Ryanair has announced plans to base its fourth aircraft at Sofia Airport and introduce flights to five new destinations this summer season
The event will bring together esteemed local and international leaders such as Wolfgang Schüssel, former Chancellor of Austria
Bulgaria’s plan to adopt the euro and become a member of the eurozone holds far-reaching implications, especially for the economy, political scene, and international relations; the Southeast European nation is looking to improve its economic conditions an
Bulgaria's aspirations to become the 21st member of the Eurozone have sparked discussions regarding the country's economic readiness, as well as its political and institutional preparedness
The European Central Bank (ECB) has weighed in on Bulgaria's draft Law on the adoption of the euro, signaling the need for revisions to ensure alignment with European regulations
A wave of misinformation regarding Croatia's inflation rates has sparked concerns about the potential consequences of adopting the euro in Bulgaria
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