Chinese Yutong Bus, Bulgarian Litex Motors in partnership talks.

By bne IntelliNews November 22, 2012
Chinese Zhengzhou Yutong Bus Co is exploring opportunities to enter the Bulgarian market in partnership with Bulgarian company Litex Motors, economy minister Delyan Dobrev said. Litex Motors, which already cooperates with another Chinese manufacturer, car maker Great Wall, is in talks with the bus maker for starting production in the country. Yutong Bus manufactures large and medium-sized buses. Earlier this year, the economy minister indicated that further increase in the investment flow from China, which totalled EUR 41mn in 2011, was expected. Other Chinese investors that have expressed interest in the local market are Zhejiang Noblelift Equipment, which produces hand pallet trucks, and venture capital management company NewMargin Ventures.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss