Volkswagen Soon To Decide Whether To Build New Car Plant In Bulgaria

Volkswagen has decided to begin concrete negotiations on a planned new multibrand production plant in Europe with the remaining potential locations, chairman Herbert Diess said on Tuesday.

The decision was made at Monday’s supervisory board meeting, Diess said at the annual general meeting of Volkswagen held in Berlin, according to a statement posted on the company’s website.

Germany’s DPA news agency reported in April that Volkswagen has narrowed its choice of potential destinations for a planned new car factory to Bulgaria and Turkey. Other potential candidates are Romania and Serbia.

“Oliver Blume is now also tasked with Group Production and recently also became responsible for Group Quality. He is preparing selection of the location for the new multibrand plant I previously mentioned,” Diess said.

In November, Diess said the company was looking for a location for a 1.4 billion euro ($1.6 billion) multi-brand factory in eastern Europe which is expected to start production after 2022. The company plans to move the production of the Skoda Karoq and Seat Ateca SUVs to the new factory, which would employ 5,000, from the plant in Kvasiny, the Czech Republic, Diess said back then.

According to media reports, Volkswagen will make a decision on the location of its new factory in October.

Read More

Electric Scooter Startup ‘Lime’ Enter Bulgaria

The Lime Shared Electric Scooter Service is now available in Sofia after reaching a number of capitals in Eastern Europe. The company...

Bulgarian Trade With Kazakhstan Doubled In One Year

In just one year, trade between Bulgaria and Kazakhstan has doubled. The ambassador of the Asian state, Temirtay Izbastin, said this in Ruse. He visited the...

Montenegro GDP Set To Grow By 3.2% This Year

Montenegro's gross domestic product (GDP) grew by a real 3.2% on the year in the second quarter of 2019, following a 3.0%...

Recent

Airbnb Has Managed To Meet EU Regulations

The European Commission has announced that following the negotiations with Airbnb, the platform has improved and fully clarified the way in which it...

Russian Made Nuclear Station Causing Tension In Bulgaria

Bulgaria is set to restart construction of a Russian designed nuclear power plant first proposed at the end of the Cold War. The move,...

New Automotive Plant To Create 4,000 Jobs

A project to set up an automotive R&D centre in Sofia Tech Park, whose implementation is expected to be launched shortly, will create some...