Bulgaria ready to sweeten its bid to win Volkswagen plant -lobby group

Bulgaria is ready to offer more incentives to Volkswagen to build a new plant in the country after the carmaker postponed a decision on building it in Turkey amid criticism of Ankara’s offensive in Syria.

Sofia is ready to boost its offer and double the subsidies available to Volkswagen to $287 million euros from an initial $149 million, Rosen Plevneliev, a board member of the non-governmental Bulgarian Automotive Cluster, told Bulgaria’s BNR public radio on Wednesday.

A ministry spokesman said that until there is a final decision, Bulgaria and Turkey are both contenders for the new plant.

Article source: http://www.dailystar.com.lb//Business/International/2019/Oct-16/493657-bulgaria-ready-to-sweeten-its-bid-to-win-volkswagen-plant-lobby-group.ashx