Weather In Bulgaria On March 29: Sunny Skies and Rising Temperatures Across The Country
Bulgaria is set to experience favorable weather conditions on March 29, with mostly sunny skies forecasted across the country
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
A major Chinese agribusiness company intends to invest EUR 100M in the construction of an industrial park for processing agricultural produce in Bulgaria, InvestBulgaria Agency (IBA) has announced.
The investment intention of Tianjin State Farms Agribusiness Group has already been endorsed by Tianjin Municipal People's Government, the Bulgarian government promotion agency said in a statement summarizing presentations of investment opoportunities it made to potential Chinese investors in Beijing and Shanghai last week.
The idea of Tianjin State Farms Agribusiness Group is to attract another fiveChinese companies to invest in the construction of new facilities for processing of agricultural production.
In 2011, the Chinese agribusiness company rented about 2,000 hectares of land in northwestern Bulgaria, one of the poorest EU regions, to grow maize, alfalfa and sunflower for export to China. The Asian giant is at the forefront of agricultural investments in overseas farmland as it struggles to feed its growing population due to a shortage of suitable land and water resources at home.
"Investment in production in Bulgaria allow Chinese companies free access to the European market, thus significantly saving duties, taxes and operating costs," IBA Deputy Executive Director Kostadin Djatev said in the statement.
In addition to providing Chinese companies with access to the EU market Bulgaria can serve as a bridge to the markets of Turkey, Russia, Ukraine and countries in Middle East, Djatev said.
Tianjin State Farms Agribusiness Group is active in the production and distribution of milk, dairy products and fruit juices. It also engages in wine production, fish farming, turf farming, and property development.
IBA is a government organization established to attract investment to Bulgaria, assist project set-up and ensure successful project development.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
Svetoslav Stanulov, chairman of the Association of Bulgarian Airlines (ABA), has emphasized the need to assess Sofia Airport's potential as a hub for transit and transfer flights
Pegasus Airlines is set to recommence its scheduled flights between Sofia and Istanbul, marking a significant milestone in air travel connectivity between Bulgaria and Turkey
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022