On July 25, the Investment Bulgaria Agency awarded a Class A certificate to Mikroak Ltd. The project envisages the expansion of the company's production facilities in the town of Botevgrad. The company specializes in the production and trade of connectors, electromechanical components, and metal products, widely used

On July 30, the Ministry of Economy and Industry, Bulgaria, announced that Behr-Hella Thermocontrol (BHTC) announced its second expansion of the production base in the Sofia-Bozhurishte Industrial Park. BHTC has invested EUR 25 million and will create more than 100 jobs.
BHTC Bulgaria is part of the AUO Group. BHTC b

On July 5, the Ruse Municipality announced that WITTE Automotive Bulgaria opened the second expansion of its production base in Ruse. WITTE expects that, following the expansion, the Ruse plant's turnover will reach BGN 250 million by 2027. The project envisages investments of BGN 23 million and the creation of over

On June 17, NIO announced that it is expanding its European operation to four additional markets in 2025 and 2026: Portugal, Greece, Cyprus, and Bulgaria. In Portugal, NIO will begin a collaboration starting in 2025 with JAP Group, one of the leading mobility players in southwestern Europe.
Motodynamics Group will be

On January 9, the Consul General of the Republic of Bulgaria in Munich announced that ZKW Group GmbH would invest in Bulgaria. It will set up a shared services center in Sofia for the areas of information technology, digitization, accounting, marketing, purchasing, and sales as well as other corporate functions. When

On November 26, VinGroup announced that the President of Bulgaria, along with a Bulgarian delegation, visited the VinFast’s Hai Phong Manufacturing Complex, in Vietnam, and gained insights into the production processes.
The Bulgarian President invited VinFast to explore potential collaborations and investments in Bu

On November 26, AMPECO raised USD 26 million in Series B funding, led by Revaia, with continued support from its existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. This milestone brings its total funding to USD 42 million since its founding in 2019.
AMPECO is a software company that offers a

On October 9, the President of the Republic of Bulgaria discussed the opening of a plant to produce parts for electric vehicles and its subsequent expansion with the officials of Shanghai Unison Aluminum Products, China. The project is implemented through the subsidiary company - "ZIES Europe". 
It will produce alumi

The Invest Bulgaria Agency (IBA) has awarded a class A certificate to SKF Bearings Bulgaria, supporting its plans to expand manufacturing capabilities at its plants in Sopot and Karnare. The total investment amounts to around BGN 14.36 million.
The company will buy and install a roller bearing assembly line for the a

On July 29, Altilium completed its maiden JORC Mineral Resource Estimate for the Medet project, a new facility in Bulgaria focused on recycling and recovering valuable minerals like copper from waste. The maiden resource is a key component of Altilium’s current study for the tailings project, allowing informed decisi

Leoni AG announced that it will initially downsize and cease the production of its subsidiary Leoni Bulgaria EOOD and its plant in Pleven with 1,300 employees by the end of 2024.
The decision followed a lacking long-term strategic and financially sustainable continuation perspective. The main reasons are difficulties

On June 26, Hubject, the EV interoperability market leader, partnered with AMPECO, a global EV charging management software leader, to deliver Plug&Charge and roaming services to EV charging providers.
The collaboration will enable charge point operators to benefit from Hubject’s intercharge and Plug&Charge networks

On June 14, the European Bank for Reconstruction and Development (EBRD) announced that it is making an equity investment of EUR 15 million in Eldrive Holding GmbH, a leading regional charging point operator in Bulgaria, Lithuania, and Romania. 
By 2028, it will install and operate 7,400 new electric vehicle (EV) char

On June 10, the Ministry of Innovation and Growth, Bulgaria announced that ZES Europe will invest BGN 19 million for the project "Automotive parts production by ZES Europe". I will create 100 new jobs.
ZES will build a new high-tech plant in the Trakia economic zone near Plovdiv. ZES Europe is part of the Shanghai Un

On May 29, Altilium, a clean technology group, met with Bulgarian officials to discuss its Medet project.
The 2,200-hectare Medet recycling hub (ACT 3) in central-west Bulgaria is a cutting-edge waste-to-value facility, that will recycle copper from old mine waste crucial for EV batteries, motors, and charging infras

On May 2, Montbat AD announced that it is planning to start a new assembly line for the production of AGM starter batteries in 2024 at the Montbat production site.
It will also commission a separator washing line from used batteries, as well as the installation of a production line of terminal inserts. 
The new activ

Visteon announced that it has opened doors to Bulgaria's first large-scale high-tech automotive testing lab. The facility houses over 70 highly skilled engineers. 
The lab guarantees comprehensive testing throughout the entire automotive product development cycle, from initial design stages to mass production. This i

On March 19, Invest Plovdiv announced that Shanghai Unison Aluminum Products will invest EUR 35 million in the territory of the Trakia Economic Zone. It will produce aluminum profiles for the automotive industry. The factory is expected to open within a year and will ensure between 150-200 new jobs. The company is am

On February 21, Bulgarian Property Developments (BPD), a leading owner, operator, and developer of industrial real estate in Bulgaria, announced a partnership with KAYSER Automotive Systems GmbH (Kayser).
Kayser will produce automotive components (pipe systems, valves, tanks, etc.) at the BPD’s Logistics park BPD Ple

On January 26, the European Investment Bank (EIB) signed a EUR 40 million loan to the Austrian-registered Eldrive Holding GmbH to install 8,472 electric vehicle (EV) charging stations in Bulgaria, Lithuania and Romania over the next three years.
With InvestEU and the EIB’s financial support, Eldrive Holding plans to