Bulgaria Says China Proposing to Invest 100 Million US Dollars in Car Wheel Plant in Ruse

Bulgaria Says China Proposing to Invest 100 Million US Dollars in Car Wheel Plant in Ruse

China’s state-owned CITIC Group proposed to invest 100 million US dollars in a plant for the production of aluminium car wheels in Bulgaria, the government in Sofia announced on Friday.
The announcement was made by CITIC Group President Wang Jiong at a meeting of a Chinese business delegation with Bulgarian Prime Minister Boyko Borisov in Sofia.
The Chinese investors said that the proposed plant in the city of Ruse, a key industrial and transport hub on the Danube river, will create 300 jobs and comply with all environmental standards of the European Union, the government press office said in a statement.

Sofia News Agency

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