Bulgaria Becomes Turkey’s Top Balkan Export Partner, Surpassing Greece
In 2025, Bulgaria emerged as Turkey’s second largest export destination among its neighboring countries and ranked first in the Balkans, significantly ahead of Greece
www.pixabay.com
German car giant Volkswagen will delay the decision to build a new plant in Turkey for the second time, MIA reports.
The agency cites an anonymous source in the British media, according to which the
"We still have time and can certainly do that decision by mid-year," said the source, who is familiar with VW's discussions.
VW had picked Manisa, 40 km (25 miles) northeast of Izmir on Turkey's western coast, for the 1.3 billion-euro (.4 billion) plant.
Last December, it was announced that by the end of this month, Volkswagen would decide on the matter.
Because of Turkey's military campaign in Syria, the automotive concern has frozen the decision to invest more than EUR 1 billion to build production facilities in Turkey.
The plans envisage the construction of a car manufacturing plant in the city of Manisa near Izmir with an annual capacity of 300,000 cars, employing 4,000 people.
Despite the delay in the decision, the concern emphasizes that it is not looking for an alternative destination for its new plant. Bulgaria, Serbia and Romania have expressed interest in receiving the investment, but the decision of Volkswagen was in favour of Turkey.
As Bulgaria phases out the lev at the end of January, the numismatic market is already responding to the change, though not all coins are attracting attention.
In Sofia, panel apartments continue to play a significant role in the housing market, making up more than a third of all property transactions in 2025
The shift to the euro in Bulgaria is proceeding more smoothly than many anticipated, according to Petar Ganev, senior economist at the Institute for Market Economics
Twelve days into Bulgaria’s adoption of the euro, the transition is showing signs of strain, particularly in the exchange of levs for euros
Wizz Air has announced the opening of three new direct air routes from Bulgaria for the summer season of 2026, strengthening its presence on the local market and expanding travel options from Sofia and Varna
Hotels in Bulgaria are transitioning to the euro without major issues, according to Georgi Duchev, executive director of the Bulgarian Association of Hotel Management Professionals
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence