Germany's VOSS Automotive will invest EUR 15 million (USD 17.2 million) in a production facility in Bulgaria's Bahovitsa Industrial Park, near the city of Lovech. The company plans to start production within six months. This became clear during the official presentation of the company in Bulgaria, which was attended by the Minister of Economy Emil Karanikolov.
The production facility, which will spread on some 15,000 square metres, is expected to commence operations within six months, the Ministry said in a statement. The investment will create 1,000 jobs. The company will produce components for the automotive industry. Production will focus excessively on passenger car components.
Source: Ministry of Еconomy