Bulgaria Says China Proposing to Invest USD 100 M in Car Wheel Plant in Ruse

China’s state-owned CITIC Group proposed to invest USD 100 M in a plant for the production of aluminium car wheels in Bulgaria, the government in Sofia announced on Friday.

The announcement was made by CITIC Group President Wang Jiong at a meeting of a Chinese business delegation with Bulgarian Prime Minister Boyko Borisov in Sofia.

The Chinese investors said that the proposed plant in the city of Ruse, a key industrial and transport hub on the Danube river, will create 300 jobs and comply with all environmental standards of the European Union, the government press office said in a statement.

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