Winter Tourism: 1.8 Million Visit Bulgaria
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
German carmaker Volkswagen is very close to the final decision to build a new plant in Turkey, a company board member told reporters in Berlin today, Reuters reported.
We are in the final stages of negotiations with Turkey, said Andreas Tostmann, a member of the Volkswagen council in charge of production. He expects the talks to be completed within two weeks, and "maybe sooner".
Sources close to the company say the plant will cost more than 1 billion euros ($ 1.09 billion).
According to their data, the plant will probably produce 300,000 cars a year - VW Passat and almost identical Skoda Superb for export to Eastern Europe, BTA reports.
The Manisa plant near Izmir is expected to employ about 4,000 people. Construction can begin at the end of 2020 and production in 2022 according to sources.
Volkswagen has been exploring the possibilities of building a new plant in Eastern Europe for some time, with Bulgaria actively participating in the race.
Implementation of the project in Turkey would be politically controversial because of EU concerns over restrictions on freedom of expression and the right to hold demonstrations, according to the EU, under President Recep Tayyip Erdogan. Volkswagen's argument is that Turkey is a candidate country for EU membership, Reuters notes.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
Trade relations between Bulgaria and Ukraine have reached unprecedented heights, with bilateral trade hitting a record 3 billion USD in 2022, according to statements made during the recent Bulgarian-Ukrainian business forum
As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022