Bulgaria, China to Sign 8 Cooperation Agreements at Business Forum

Business | March 24, 2014, Monday // 13:04| Views: | Comments: 4
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Eight cooperation agreements between Bulgarian and Chinese companies are expected to be signed during a business forum in the city of Plovdiv, Monday.

The CEOs and managers of more than 50 leading Chinese companies will take part in the Bulgarian – Chinese business forum, Standart news reports.

A memorandum for the twinning of Bulgaria's second biggest city Plovdiv and the Chinese metropolis Shenzhen is to be signed by the cities' mayors at the forum.

Meanwhile, Angel Hristozov, chairman of Bulgarian – Chinese Business Development Association claimed that the lack of direct flights and the bureaucracy regarding the issue of visas are the main obstacles in the way of Chinese investors in Bulgaria.

According to Hristozov, another holdback to the development of bilateral business relations is the lack of enough information about Bulgaria. Out of the 250 thousand Shenzhen tourists to visit Europe in 2013, only two have come to Bulgaria, he added.

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» To the forumComments (4)
Behemoth2.0 - 26 Mar 2014 // 12:33:01

An American,

there are a number of American investments in Russia, for example by the Russia Growth Fund and other investment companies which have a stake in some Russian companies. Most of these investments are managed by Russian-Americans. It has turned out that in some cases they acted in areas which the friends of Mr P. considered as their playground and that created problems. Several of these investment managers got arrested in 2005 and 2006 under the same charges as Khodorkovsky (tax fraud, embezzlement of funds), but were released later. One of them managed the biggest magnesium plant of Russia in Solikamsk, a strategically and financially extremely interesting operation. The message was well received by the US business communiy not to interfere with mighty influence groups close to the Russian government. There is not much protection of foreign investments in the new Soviet Union and in general the FDI environment isn't attractive. In the "Doing Business" report of the World Bank, Russia ranks 92th in the world, and in terms of investor protection it is ranked 115th in the world.

An American - 26 Mar 2014 // 09:57:02

Dear George,
As an expert in all things that come out of the ass, can you tell us why Americans have been so interested in investing in all these other economies, but very little interest in investing in Russia? In other comments you seem to imply that the Americans are fairly astute in sniffing out where to make a buck; but that doesn't include Russia. I'd also like to hear others' opinions on this though I think it is fairly obvious (in other words, I'd like to compare how other Bulgarians think in comparison to your asinine distorted spins).

George Zheliazkov - 26 Mar 2014 // 04:17:24

Here is another modest hint on trade and investments for the more diverse and open-minded Bulgarian and EU investors.

The place is ASEAN and it has the 3 largest Asian economy and the 7 largest world economy. The Americans are extremely interested into the HUGE growth opportunity there and have invested in the last few years over $190 billion. It is estimated that over a trillion dollars will be spent there on infrastructure alone by year 2020.

Link with info on the member countries and the Association.


George Zheliazkov - 24 Mar 2014 // 21:56:27

Yeah you better focus on those Chinese because if the Russians are gone China and Asia will be your only hope. BTW if they continue to play with those sanctions and Germany gets hit hard the whole EU will be gone! The EU without Germany is not worth a single cent!

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