Chinese, Swedish, German Firms Want to Move Production to Bulgaria - Minister

Chinese, Swedish, German Firms Want to Move Production to Bulgaria - Minister

Economy Minister Bozhidar Lukarski has argued that companies based in China, Sweden, and Germany plan to move their production units to Bulgaria.
Lukarski announced in an interview for Nova TV that the companies seeking to develop their businesses in Bulgaria functioned in the car part manufacturing segment.
He explained the increased interest of Chinese companies in moving manufacturing abroad with the growing competitiveness in the country and the rising salaries of local workers.
Lukarski informed that foreign direct investment in H1, 2015 stood at 799 million euros, a two-fold increase from H1, 2014, while the GDP growth in the fist six months of the year amounted to 2.2%, against an EU average of 1.6%.

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