Many Bulgarian Companies Freeze Hiring and Investment Amid US Customs Uncertainty
The newly introduced US customs policy is creating both confusion and opportunity for businesses
There is strong investor interest in Bulgaria by companies from South Korea, said Prime Minister Boyko Borissov, BNR reported.
Besides with Volkswagen, negotiations on the construction of an automotive plant in Bulgaria are underway with Hyundai as well, the Bulgarian PM said, and added that he expected more clarity on the South Korean investment, which amounts to over USD 1.5 billion, by September.
Minister of Economy Emil Karanikolov added that there is a second South Korean investor – SK Innovation, the world’s biggest car battery manufacturer - who is searching out for sites in Bulgaria. Communication is still at a very early stage and Bulgaria will be in competition with several other countries for the future plant, Minister Karanikolov said.
Inspections carried out along Bulgaria’s Black Sea coast this summer have uncovered irregularities at roughly every tenth commercial site, according to Ivan Videlov
Apartment prices in Bulgaria's major cities continue their upward trend, according to recent figures from a real estate market consultancy
Wizz Air, recognized as the most environmentally efficient airline in the Europe, Middle East and Asia region*, has announced a new addition to its flight network
Bulgaria continues to hold a leading position in the European Union when it comes to the share of women working in the information technology sector
According to data from the National Revenue Agency (NRA), just 4,329 Bulgarian citizens have reported owning real estate abroad in their 2024 declarations
Lyudmila Elkova underscored that joining the eurozone goes beyond mere procedural steps
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EU Population Grows by Over a Million, While Bulgaria Continues to Shrink