SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow

Germany's VOSS Automotive inaugurates 15 mln euro plant in Bulgaria - econ min

Sep 26, 2019, 4:29:21 PMArticle by Aleksia Petrova
share
SOFIA (Bulgaria), September 26 (SeeNews) - German automotive components manufacturer VOSS Automotive has officially opened its first production plant in Bulgaria, following an investment of 15 million euro ($16.4 million), the country's economy ministry said on Thursday. 

Germany's VOSS Automotive inaugurates 15 mln euro plant in Bulgaria - econ min
Photo: Bulgarian Ministry of Economy/ All rights reserved.

VOSS Automotive's project in Bulgaria has created 120 jobs for highly qualified personnel, the economy ministry said in a statement, after the ministry's secretary-general Vladimir Tudzharov and deputy prime minister Tomislav Donchev awarded the company with a class A investment certificate. 

Following VOSS Automotive's investment, the total value of plants opened in Bulgaria over the past year exceeds 1 billion levs, according to the ministry. 

Earlier this month, VOSS Automotive said that is has made a 15 million euro investment in the first stage of the project located in Bahovitsa Industrial Park, near the city of Lovech in central Bulgaria.

VOSS Automotive specialises in the production of fuel and coolant lines and fittings, quick connector systems, thermal management lines and fittings, and other components.

($ = 0.91354 euro)

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.