Pleven gets second motor parts producer
Kayser Automotive Systems is about to start production of automotive components in Pleven. The German company has already rented a building, installed equipment and recruited people, with the goal of releasing the first products in the summer.
Within five years the investment is expected to reach around 10 million euros, employing 500 people. This will be the second auto investor in Pleven after Leoni.
Bulgargaz reins in price surge
Bulgargaz will set the increase price of domestic gas at 8% above the price for May instead of the initial 11%, according to the company's new management and Energy Minister Vladimir Malinov.
The cut is possible since the supplier of liquefied gas in June will be Turkish BOTAS, as it has committed to make a discount in the price of reserved capacity. This will save Bulgargaz costs totaling 11.5 million levs in June.
Bulgaria is trying to renegotiate the agreement signed at the end of 2022 with BOTAS, which is disadvantageous for Sofia, although this will prove difficult.
Postbank's Dimitrova heads ABB once again
The general assembly of the Association of Banks in Bulgaria, which was attended by all full members of the association, has unanimously re-elected Petya Dimitrova for a new three-year term at its head.
The members of the association elected Peter Ruben, CEO of UBB, and Nedelcho Nedelchev, executive director of Municipal Bank, as new members of the management board of the association. They also have a three-year term. Tsvetanka Mincheva will continue to be the vice-president of the association.
Pleven gets second motor parts producer
Kayser Automotive Systems is about to start production of automotive components in Pleven. The German company has already rented a building, installed equipment and recruited people, with the goal of releasing the first products in the summer.
