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16.09.2014 17:25
Bosch Reports EUR 18 M Turnover in Bulgaria for 2013
The automotive parts supply has been the group’s main financial driver, securing 60 percent of its revenues in Bulgaria

  • Mihai Boldijar, representative of the Bosch Group for Bulgaria
    © Bosch

The Bosch Group reported a 4 percent increase in its 2013 turnover in Bulgaria compared to the previous year, reaching EUR 18 million. The group which has been on the Bulgarian market for more than 20 years is expecting a stable market share growth despite the tough economic conditions.

“Bosch has been successful for more than 20 years and since our entry on the Bulgarian market we are constantly seeing an increase in both turnover and market share”, Mihai Boldijar, official representative of the Bosch Group for Bulgaria said during a press meeting.

The automotive parts supply has been the group’s main financial driver, securing 60 percent of its revenues in Bulgaria. The power tools division has also been scoring high, helping the company surmount the real estate and construction crisis which hit the country in 2008. That year the group also launched its security systems department in Bulgaria.

The Bosch-Siemens joint venture BSH Bosch und Siemens Hausgeräte GmbH, which is the market leader in the household appliances segment, started its representation in Bulgaria in 2008.

The company has been maintaining close relationship with Bulgarian universities as well, providing regular lectures in the technical universities in Sofia and Rousse, as well as in the University of Architecture, Civil Engineering and Geodesy in Sofia. In June TU-Sofia had its renewable energy laboratory renewed by the heating technology department of Bosch, together with the local office of U.S. heating manufacturer Carrier.

TAGS: Bosch | Bulgaria | business | results | turnover | heating | universities | education | automotive parts | power tools | renewable energy | Siemens | Carrier | home appliances | market results 

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