Litex Motors

The Specialized Criminal Court started on Tuesday the trial against Bulgarian businessman Grisha Ganchev.

Ganchev was indicted earlier this year with charges of tax evasion worth over BGN 711 000.

Along with nine others, he allegedly took part in an organized criminal gang.

Litex Motors, the Bulgarian company assembling the Great Wall automobiles in its factory near Lovech, will launch exports to Romania.

According to a media statement of the Lovech-based company, as cited by money.bg, Litex Motors signed a cooperation agreement with the Romanian importer, Alexandros Motors, on Monday.

Litex Motors, the Bulgarian company assembling the Great Wall automobiles in its factory near Lovech, will sell them in Serbia, starting from August, said the company. 

Distributor for Serbia will be GWS Auto Group, which has been an official importer of Toyota for Serbia and Montenegro and of Honda for Serbia. 

The Bulgarian automobile producer Litex Motors is planning to invest around EUR 70 M in its Lovech factory, reports Capital Daily.