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About Dropdown Description

World Bank building
About

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Learn More

Our Impact Dropdown Description

Hands husking peas into a basket full of peas
Our Impact

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Learn More

Our Products Dropdown Description

Young woman bending down to tending to her outside chores
What We Do

Explore different types of political risk insurance guarantees provided to investors and lenders.

Learn More

Projects Dropdown Descriptions

Hyundai building
Projects

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Search Projects
Bulgaria

Rodacar AD

$4.97 million
Manufacturing
Project Brief
Not Active
twitteremail

Rover Overseas Holdings Limited (ROH) received MIGA guarantees totaling $4.9 million in three separate contracts for its loan, technical assistance, and equity investments in Rodacar AD, the first automobile assembly facility in Bulgaria. MIGA guarantees cover the risks of currency transfer, expropriation, and war and civil disturbance.

Rodacar is owned jointly by ROH of the Rover Group Limited, a subsidiary of Germany's Bavarian Motorworks AG, and the Daru Group of Bulgaria, which includes Daru Car, Ltd., the official importer and local distributor of BMW and Rover vehicles in the country. The project enterprise, to be located in the port of Varna on the northeast coast of Bulgaria, will assemble cars using knock-down kits imported from Rover's facilities in the United Kingdom.

twitteremail