Siemens will open a plant in Botevgrad to make high-tech equipment, the German giant published on Thursday. Bulgaria was chosen out of five countries, Siemens say, and some of the reasons are the country's economic stability and the optimal proportion between the skills of workers and the cost of labour.
The plant at the western town will employ about 100 people. Siemens pledges that all of the workers and the management will be Bulgarian.

The company will also seek Bulgarian distributors of raw material for the factory. All of its production will be exported.