Bulgaria, Shanghai Seek to Deepen Economic Ties

Business | November 8, 2012, Thursday // 09:11| Views: | Comments: 0
  • Send to Kindle

Bulgaria's government has approved a draft memorandum of understanding on economic cooperation with China's eastern municipality of Shanghai.

The Bulgarian Ministry of Economy, Energy and Tourism and the Shanghai Municipal Commission of Commerce would cooperate in organizing promotional activities to encourage mutual investment such as seminars, business meetings, business missions, investment fairs and exhibitions, the Bulgarian government has said in a statement, as cited by China Daily.

The two sides will encourage mutual investment activities by sharing information about the special measures and regulations, and about the opportunities for establishing joint industrial projects, joint ventures, and representative offices and branches of companies from Bulgaria and Shanghai, the statement said.

The institutions will also work to expand business contacts between Bulgaria and Shanghai, and will assist companies from Shanghai to invest in Bulgarian industrial zones, the statement added.

Bulgaria has already signed economic cooperation memorandums with several Chinese provinces, including Jiangsu, Zhejiang and Guangdong.

The trade turnover between Bulgaria and Chine grew by 55% in the first five months of 2012, reaching approximately USD 800 M.

Business » Be a reporter: Write and send your article
Tags: China, Shanghai, economic, cooperation, industrial zones, Bulgaria
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (0)
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