Bulgaria Says China Proposing to Invest 100 Million US Dollars in Car Wheel Plant in Ruse
Tuesday, 26 July 2016
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