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SOFIA (Bulgaria), January 17 (SeeNews) - Chinese companies ACN Worldwide and Jiangsu Alfa Bus company have signed a memorandum of understanding (MoU) with Bulgaria's investment agency for cooperation in the construction of a 25 million euro ($27.8 million) plant for electric buses and research and development centre in Bulgaria, the government in Sofia said on Friday.
The investment is expected to create 250 jobs, the Bulgarian government said in a statement following a visit of government officials to the production base of Jiangsu Alfa Bus company in Beijing.
"We have highly qualified personnel in this industry, as leading companies manufacture high-tech automotive equipment here," deputy prime minister Mariana Nikolova was quoted saying.
($ = 0.9006 euro)