Foreign Markets for Bulgaria‘s Businesses Sought in Johannesburg

Business | September 8, 2002, Sunday // 00:00

The meetings that President Parvanov had at the World Summit in Johannesburg have been carefully selected to lobby for Bulgaria's business expansion abroad. In South Africa he met the presidents of Venezuela, Brasilia, Nigeria, Kazakhstan, Turkey and Mongolia as well as Albania's prime minister, the Chair of the European Commission Romano Prodi and the princess of Thailand. According to his foreign affairs secretary Nikola Karadimov, President Parvanov has sought to give a fillip to the bilateral economic relations with these countries. An eloquent example is oil-rich Kazakhstan where Bulgarian construction companies could find their bonanza. Over the next five years, USD 100 B will be absorbed by Kazakhstan's oil industry so that the annual oil production could go up from 40 tons to 250 tons. The president's secretary pointed out that this swiftly expanding market could import oil paid in goods and services to Bulgaria.
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