China to Invest EUR 20 M in Bulgaria’s Burgas Port to Facilitate Trade with Europe
China will invest about EUR 20 M to make Bulgarian Black Sea port of Burgas a logistics hub for trading in goods with partners in Central and Eastern Europe, the port executive director has said.
Burgas Port CEO, Dian Dimov, said that the funds will be invested into the construction of a logistics center and a trading pavillion for contacts between trading partners from China and 16 countries of Central and Eastern Europe, investor.bg economic news website reported on Friday.
The contract was signed on April 29 for a five-year term in the Chinese city of Hangzhou, Dimov added.
The project will help develop of bilateral and multilateral trade relations between China and CEE and facilitate the establishment of a multilateral platform for trade in goods.
- » The Mobile Operator Mtel will have a New Name
- » Today, the Trade Agreement CETA Between Canada and EU Comes into Force
- » Developing Countries' Debt has Doubled in the Last 10 Years
- » Google Inks $1.1bn Smartphone Deal with Taiwan’s HTC
- » Bulgarian Central Bank to Enforce Guidelines on Bad Loans by End of 2017
- » Compensations from Ryanair for over 300,000 Passengers Affected by Cancelled Flights