Balkans | Statement of “Business Partnership with China” by the Bulgarian Minister of Economy

Home » Balkans | Statement of “Business Partnership with China” by the Bulgarian Minister of Economy
Balkans |  Statement of “Business Partnership with China” by the Bulgarian Minister of Economy

During the meeting between Bulgarian Minister of Economy and Industry Nikola Stoyanov and Ambassador of the People’s Republic of China to Bulgaria Dong Xiaojun, “China ranks in the top ten among our trading partners worldwide and second among our export destinations outside the European Union.”

He announced during the meeting that Bulgaria will reopen the Trade and Economic Affairs Office (STIV) in Beijing. “Bulgaria’s exports are still limited to a small group of products, and we have the ambition and the prerequisites to change that,” Stoyanov emphasized. For this reason, it was decided that we would have two trade representatives for our country, in Beijing and Shanghai, according to the Minister’s statement. “This is another step towards supporting Bulgarian exports, because companies are often worried about distance and need someone to make initial contacts on site and this is the role of STiV,” Stoyanov said.

A Chinese company is exploring Bulgaria for an investment of more than 600 million euros. There is also investment interest in the automotive industry and metalworking, and we are in advanced talks with several Chinese companies.” According to Stoyanov, our country has a lot to offer Asian companies, and the complex geopolitical situation interests them. European Union, and there has been an increase in investment interest in recent months.”

It was also decided that the Ministry of Economy and Industry will hold a meeting with the Chinese embassy in which the minister will meet with representatives of Chinese companies operating in our country. The meeting, which will be held in the format of a “breakfast for investors”, aims to share the problems faced by representatives of the business world and the new investment plans in Bulgaria.

Ambassador Dong Xiaojun confirmed that next year they will celebrate the 75th anniversary of the establishment of diplomatic relations between Bulgaria and the People’s Republic of China. “We have very good and strong relations, and based on them we can achieve more in the economic field,” the Chinese diplomat emphasized. Xiaojun briefed the minister on the work of the EU Small and Medium Enterprises Center in Beijing. The center provides assistance to small and medium-sized enterprises in European Union countries to enter the Chinese market. At the same time, the ambassador emphasized that the Chinese embassy is trying to support every Chinese company that enters the Bulgarian market and introduces them to the opportunities that our country can offer.

The two sides also discussed exhibitions and forums that will be held in both countries as an opportunity to expand joint venture opportunities and encourage investments between Bulgarian and Chinese companies.


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