Bulgaria's Incentive for Volkswagen Plant

bulgarian to promote volkswagen factory
bulgarian to promote volkswagen factory

📩 17/10/2019 12:20

Turkey's biggest competitor for Volkswagen's new factory located in Bulgaria, has doubled its offer government incentives. VW's management stated that Syria unrest related to operations in Turkey.

German automotive giant Volkswagen (VW) in the quest for a new factory to be established in Turkey's most serious rival, Bulgaria has doubled the amount of government grants to be given to the factory.

According to the report from DW Turkish, former President of Bulgaria Rosen Plevneliyev told the German Frankfurter Allgemeine Zeitung newspaper that they are ready to double the state incentive they offer for the new factory.

"We found a way to offer Volkswagen the company 135-250 million euros instead of 260 million euros," Plevneliyev, the head of the Bulgarian-based automotive automotive association in Sofia, said in a statement to the newspaper.

Plevneliyev noted that the amount of the offer increased to 800 million euros when railway and motorway connections and trams were added, adding that the amount of the government incentives was discussed with the EU Commission.

Plevneliyev said the proposal was forwarded to VW and they have not received a response yet.


"We are terrible from the north of Syria." I can not imagine Volkswagen would do under these circumstances billion investment in Turkey, "he said. The state is the second largest shareholder of VW.

military operation launched last Wednesday on Turkey's Syria's northeast have been condemned by Germany and the EU, it was announced measures such as cessation of arms sales to Turkey.

Volkswagen said in a statement yesterday that the current developments regarding Turkey had anxiously monitored and reported that postponed the decision on the investment. The final decision was expected to be announced in early October.

As mentioned in detail in the Passat and Superb hungry by this factory will produce cars in the D segment lower costs in the first stage of establishing the German press in Turkey and will provide more sales opportunities.

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