Bulgaria Saw Fourfold Growth of Chinese Investments 2011

Business | April 24, 2012, Tuesday // 08:10
Bulgaria: Bulgaria Saw Fourfold Growth of Chinese Investments 2011 File photo of Chinese Ambassador to Bulgaria Guo Yezhou

Bulgaria observed a fourfold growth of Chinese investments in 2011, according to Chinese Ambassador to the country, Guo Yezhou.

"Until the beginning of 2011, Chinese investment in Bulgaria was USD 16 million, while at the end of 2011 it reached USD 70 million," Guo has revealed, as cited by Xinhua.

He added that Chinese investment in Bulgaria is currently concentrated in the areas of agriculture, automotive, renewable energy and environmental protection.

According to Guo, Bulgaria's exports to China increased by 42% year on year in 2011, while the first two months of 2012 saw a 100% increase year on year.

On Monday, the envoy participated in a a scientific conference on China's development, jointly organized by the Federation of Bulgarian-Chinese Friendship and the Bulgarian Anti-Fascist Union.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: investment, China, Guo Yezhou, exports

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria