50 Years Ago: China Launches Bulgarian Language Radio Broadcasts
In a testament to enduring friendship, this year marks the 75th anniversary of the establishment of diplomatic relations between Bulgaria and China
Renewable energy and infrastructure are two of the key sectors where Bulgaria is about to see Chinese investments, according to the participants in a high-profile business forum
The Bulgarian-Chinese forum was co-organized by the Bulgarian Chamber of Commerce and Industry (BCCI) and the China Chamber of Commerce for Import and Export of Machinery and Electronic Products.
It featured China's Vice Trade Minister Jiang Yaoping and Bulgaria's Deputy Economy Minister Ivo Marinov as keynote speakers on Monday.
Jiang Yaoping is on a three-day state visit to Bulgaria leading a Chinese business delegation. He suggested that Chinese companies should expand their role in Bulgaria in the field of infrastructure construction – all the way from highways to power plants.
According to Marinov, Chinese companies are expected to start producing solar panels and wind power generators in Bulgaria.
Bulgaria's investment advantages that he presented before the Chinese businesspeople included macroeconomic stability, EU membership, the lowest taxes in the EU, incentives for industrial zones and hi-tech parks, and reduction of the administrative burden.
He pointed out the record trade between Bulgaria and the PRC in 2011 – USD 1.346 B, according to data of the National Statistical Institute.
Bulgaria's export to China grew by 61% year-on-year, reaching USD 403 M; compared with 2001, it is forty times greater. China's export to Bulgaria was worth USD 943 M in 2011.
Marinov reminded that Bulgaria enjoys the status of approved tourist destination according to a memorandum between the EU and China's national tourism administration.
By the end of 2011, Chinese investments in Bulgaria have reached a total of USD 70 M, China's Vice Trade Minister said.
Chinese Ambassador to Bulgaria Guo Yezhou told the forum that in 2011 the Chinese investments in the country grew by 320% year-on-year, with new investments in telecommunications, car manufacturing, energy, agriculture.
More that 200 businesspeople took part in the Bulgarian-Chinese business forum in Sofia on Monday.
According to the BCCI Chair Tsvetan Simeonov, the event has helped boost China's business interest in Bulgaria.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Along the Southern Black Sea coast, preparations are in full swing for a successful and peaceful summer season, as confirmed by Minister of Tourism Evtim Miloshev following discussions with local authorities and control institutions
As summer approaches, Bulgaria's seaside tourism industry faces a daunting challenge as hotels may remain shuttered due to a severe shortage of staff
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022