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.