Volkswagen

Finance Minister Vladislav Goranov: Bulgaria Did Everything it Could and Beyond To Attract Volkswagen

Bulgaria has the potential to build between 7 and 10 new industrial zones like the one in Plovdiv, Deputy Prime Minister Tomislav Donchev said during the 4th edition of Bulgaria's largest economic forum -"Industry 4.0". According to him, it was important to ease procedures for investors, BNR reported.

Volkswagen Registers a Car Manufacturing Company in Turkey

German automotive giant Volkswagen has registered its manufacturing company in Manisa, near Izmir, the Anadolu Agency reported, citing an official trade register.

The company is called "Volkswagen Turkey Otomotiv Sanayi ve Ticaret A.S.". Its capital is 943.5 million pounds or 164.46 million dollars.

Volkswagen Is on the Verge of Negotiating a New Turkish Plant

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".

South Korea Want to Make Batteries for Electric Vehicles in Bulgaria

One of South Korea's largest companies is currently exploring Bulgaria and two other countries for investment of more than € 1.5 billion. This was stated by Bulgarian Minister of Economy Emil Karanikolov, in Seoul, regarding the potential investments in Bulgaria by the Republic of Korea.

Volkswagen Neglects Bulgaria because Erdogan Decides to Hinder the Tax Rates

Turkey is increasingly confident that German carmaker Volkswagen will build its plant in the country after an "extremely positive" meeting between top company official and Turkish President Recep Erdogan, Turkey's Sabah writes today, citing three of its own the source.

Reuters: The Volkswagen Plant Will Probably Be in Turkey

It is increasingly likely that the Volkswagen plant will be in Turkey, not Bulgaria. According to Reuters, citing three sources.

According to them, a senior representative of the German concern met with President Recep Erdogan this week to address some of the problems surrounding the investment. This meeting was "extremely positive" .

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