Will Bulgaria Have a Stable Government After Yet Another Election in June? Our Readers Have Spoken
On our Facebook page, readers were asked about Bulgaria's stability after the June elections
Yongping Chen, the Europe Manager of the Chinese company Build Your Dreams (BYD) has visited Bulgaria on the invitation of the Electric Vehicles Industrial Cluster (IKEM) to discuss potential use of such vehicles in the country.
Chen held working meetings on the issue with members of the IKEM Managing Board, IKEM informs.
IKEM representatives and the Chinese guest have also visited the municipality of Bozhurishte near Sofia on the invitation of its Mayor, who had outlined plans for the construction of a technology park there. The Mayor also presented achievements in improving local infrastructure and declared readiness for partnership with BYD.
There has been a meeting with Slav Monov, CEO of the municipal Capital Auto Transportation company of Sofia. The talks have focused on information about the capacity of the city's public transportation and opportunities to decrease cost by the use of electric buses. The information will become the basis of a business model for a test run of such buses.
Preliminary data shows that savings from the use of these buses could pay off one electric bus in 4-5 years. A BYD bus can run for 10 years on the same batteries, meaning it could be used for over 5 years without paying for fuel, in addition to preserving the environment.
BYD is based in China and has exclusive rights on the import of Nokia, Motorola, and Samsung, all while it holds half of the global market of cell phone batteries, and manufactures electric vehicles and buses. Mogul Warren Buffet has investments and shares in BYD.
Current interests of the company include European markets such as the UK, the Netherlands, Hungary, and Switzerland among others.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
As the May holidays mark the onset of sea tourism, Bulgarians and foreigners preparing for their annual getaways are facing a stark reality: trips this year will come with a heftier price tag
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022