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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.
Greek tax authorities have launched inspections into the operations of thousands of Greek-registered companies operating in Bulgaria
Manyu Moravenov, Executive Director of the Bulgarian Stock Exchange (BSE), has stated that Bulgarian companies are expected to become more expensive following the country’s accession to the eurozone. He made the remarks during an informational event in Bl
South Korean prosecutors have indicted former Prime Minister Han Duck-soo for supporting ex-President Yoon Suk-yeol's short-lived martial law declaration last year and former First Lady Kim Keon-hee on bribery and related counts
Bulgarian business is riding a wave of momentum in the second quarter of 2025, with newly established companies growing by 7.3% - a pace faster than the EU average of 4.6%
The newly introduced US customs policy is creating both confusion and opportunity for businesses
In the first three months of 2025, 16 companies filed 18 applications for mass layoff
Bulgaria’s tourism sector is facing a significant setback after the cancellation of trips by Israeli visitors due to the ongoing conflict in the Middle East
Fuel costs in Bulgaria have jumped sharply over the past week, rising between 6 and 9 percent, according to data from the platform Fuelo.
Global oil markets opened the week with an abrupt surge in prices, pushing crude benchmarks above the symbolic USD 100 per barrel mark for the first time since the early stages of the war in Ukraine in 2022
Bulgaria’s economy expanded by 3.0% in the fourth quarter of 2025 compared to the same period in 2024, according to preliminary figures from the National Statistical Institute. On a quarterly basis, seasonally adjusted data indicate a growth of 0.8% relat
One week after the start of the US and Israeli strikes against Iran, the effects are already visible on global oil markets. The escalation quickly influenced trading on international exchanges, where crude oil prices reacted to the rising uncertainty surr
The Pazardzhik-based battery manufacturer "Elhim-Iskra" will halt operations and begin laying off staff, affecting nearly 200 employees
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