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Bulgaria hopes to attract not only tourists, but also investments in technologies and communications from growing Chinese economy.
Bulgarian minister of economy Traicho Traikov opened Monday the official Bulgaria Day at Expo 2010 Shanghai, extending a hand for Chinese investors to Bulgaria.
Traikov discussed tourism and green economics with Zhao Wen, vice-mayor of Shanghai, stressing on the multitude of opportunities for tourism in Bulgaria.
“Tourism is not just trade – it's an experience,” said Traikov, adding that Bulgaria is working hard to make that experience as luring as possible.
Traikov added that Bulgaria has an enormous potential for attracting Chinese investors in telecommunications, information technologies and green energy.
He pointed out attracting investments and fostering R&D as chief priorities of the economic policy of the Bulgarian government. Traikov added that Bulgaria should take advantage of the considerable growth of Chinese economics at the time of a major world crisis.
During his visit in China, energy minister Traykov will hold talks with high-ranking officials from Shanghai municipality and Zhejiang province, and is expected to sign a Memorandum for cooperation with the Department of Trade of Zhejiang province.
The Bulgarian pavilion at Expo 2010 Shanghai has an area of 324 sq.m. and is situated in Zone C of the European pavilion. Its design combines radically modern elements with ideas from historic Lyuto's house in the Bulgarian town of Koprivshtica in a bid to relate the rich cultural history of the country. The theme of the Bulgarian participation at the Expo is “A City of Shared Heritage”.
Breaking with the United States’ previous approach, Canada announced it will cut its 100% tariff on Chinese electric vehicles, in exchange for lower Chinese tariffs on Canadian agricultural exports. Prime Minister Mark Carney said the deal sets an initial
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Bulgaria’s outgoing Agriculture Minister Georgi Tahov has assured that the European Union’s trade deal with Mercosur will not negatively affect the country’s economy, pointing to the very limited trade between Bulgaria and the South American bloc.
Outgoing Deputy Prime Minister and Minister of Innovation and Growth Tomislav Donchev addressed the issue of labor imports in parliament, stating that bringing in workers from non-EU countries is only a temporary solution.
Bulgaria is approaching a period of political uncertainty as early elections are set to take place, with the main questions now focused on the exact dates for voting and who will serve as the acting prime minister.
China and Canada released a joint statement on Friday following high-level meetings held during Canadian Prime Minister Mark Carney’s official visit to China from January 14 to 17, undertaken at the invitation of Chinese Premier Li Qiang.
Energy Minister Zhecho Stankov has firmly rejected claims by former Finance Minister Asen Vassilev from "We Continue the Change" that Bulgaria’s inflation is driven by high household electricity prices
Simeon Dyankov, chairman of Bulgaria’s Fiscal Council, has warned that price increases implemented by traders are likely to remain in place despite new laws and fines
The Bulgarian passport offers its holders visa-free access to 178 countries and territories, placing it 11th globally for travel freedom and expedited border crossing, according to Henley & Partners.
The U.S. Department of State, the University of National and World Economy (UNWE), and Bulgarian Energy Holding (BEH) yesterday concluded two seminars on stakeholder engagement and industrial applications of small modular reactors (SMRs)
The Bulgarian government has approved an additional €25 million in revolving credit for Bulgarian Posts EAD to support the ongoing exchange of levs into euros at post offices
The Bulgarian National Bank (BNB) has updated its GDP growth forecast for Bulgaria for the 2025–2027 period, showing a more optimistic outlook than its June 2025 projections.
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