Construction of a factory for the production of electric bicycles began on Tuesday in the Plovdiv economic zone “Trakia”. EUR 40 million will be invested in the project by the Plovdiv bicycle manufacturer Maxcom and the Austrian motorcycle manufacturer Pierer Group, and at the opening of the construction the Minister of Innovation and Growth Daniel Lorer commented that this investment could make Bulgaria the number one manufacturer in Europe on electric bicycles.
“These investments are part of our efforts for the development of the Bulgarian economy. They are the result of our strategy to create a stable legal framework, zero tolerance for corruption and for me personally the event today is a testament to this strategy,” said Daniel Lorer. quoted by the press center of the department. According to him, the transformation of Bulgaria into a stable European country, where legality is above all, will attract many foreign investments, which have disappeared in the last decade in our country.
According to him, this investment is a recognition of the path that was started in the summer with the change. “The projects we have already talked about are already happening and they are starting to acquire their physical appearance in our country. The bicycle industry is one of the strongest and most export-oriented in the country. With this new investment we can become the first manufacturer in Europe,” he added.
The new plant for electric bicycles and other two-wheeled electric vehicles will be located in the “Thrace Economic Zone” and will provide 1,000 new jobs for Plovdiv and the region, the ministry added.