Russia Implements Six-Month Ban on Gasoline Exports
To address increased domestic demand and facilitate refinery maintenance, Russia has announced a six-month ban on gasoline exports starting from March 1
Bulgaria will open trade missions in 20 countries by end-2014, according to a media statement of the government.
The new trade representations are to be opened in the United Arab Emirates, Oman, Saudi Arabia, Qatar, Iran, northern Iraq (Erbil), Algiers, Tunisia, Ghana, Indonesia, Thailand, Malaysia, Pakistan, Armenia, Turkmenistan, Mongolia, US (Chicago), Hungary and Cyprus.
The measure was approved by the government on Wednesday and the Ministry of Economy and Energy was allocated BGN 2 M for the maintenance of the new offices.
Five existing trade missions will be closed, while five of the new ones are to be financed through public-private partnership with business organizations.
Bulgaria currently has trade missions in 44 countries with a total staff of 61.
Bulgaria has concentrated efforts on attracting investments and tourists and increasing exports to Asia due to the fast pace of growth of Asian economies, according to the media statement of the government.
Bulgaria's leading trade partners in Asia include China, Singapore, the Republic of Korea, India and Japan.
Apart from the fast pace economic growth and the growth in investments, Asian countries are an attractive market due to the huge consumption and growing purchasing power of the population.
These countries are major importers of raw materials, agricultural and food production and they generate substantial tourist flows.
Bulgaria's interest in cooperation with the Middle East and Africa is driven by the same reasons, taking into account an evaluation of the government describing the countries as promising and financially stable markets with great potential for Bulgarian exports.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a testament to enduring friendship, this year marks the 75th anniversary of the establishment of diplomatic relations between Bulgaria and China
Italy has thrown its weight behind Bulgaria's bid for full-fledged membership in the Schengen area, affirming its steadfast support during Italian President Sergio Mattarella's two-day visit to Bulgaria
In a strategic move aimed at reinforcing Bulgaria's commitment to its European aspirations and tackling corruption, outgoing Prime Minister Nikolai Denkov held a crucial meeting with EU, Ukrainian, US, and British ambassadors
In a statement that underscores the United States' keen interest in Bulgaria's political landscape, US Ambassador Kenneth Merten expressed disappointment at the failure of negotiations to form a government in the country
Nathaniel Copsey has been appointed as the new British Ambassador to the Republic of Bulgaria, succeeding Rob Dixon, announced the British Embassy
Bulgarian President Rumen Radev engaged in a telephone conversation with Indian President Droupadi Murmu, expressing heartfelt gratitude on behalf of Bulgaria
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022