Text size

E-commerce to boost Bulgarian-Chinese trade turnover

published on 7/24/24 11:54 AM

Photo: Ministry of Economy and Industry

Although bilateral trade reached nearly $4 billion last year, there are still untapped opportunities to further increase Bulgarian exports to China. This was made clear at a meeting between the Minister of Economy and Industry, Mr. Petko Nikolov, and the Chinese Ambassador in Sofia, Ms. Dai Qingli.

With a view to increasing Bulgarian exports to China, the two officials discussed a draft memorandum of cooperation in the e-commerce sector. According to Minister Nikolov, the document will be discussed and coordinated with all relevant institutions, as Bulgaria, as a member of the EU, applies the Union's common trade policy, which includes e-commerce.

The meeting also focused on attracting Chinese investment in mechanical engineering, automotive, automotive parts, electronics and electrical engineering, information and communication technologies, agriculture, etc.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy bulgaria china dai qingli e-commerce petko nikolov trade

More from category

The model of EU subsidies distorts agricultural production in Bulgaria, the director of the Institute of Agrarian Economics says

In the space of 15 years, from 2005 until 2020, 75% of the farms in the country have disappeared – from 500,000 in 2005 down to 132,000 in 2020, said Prof. Dr. Bozhidar Ivanov, Director of the Institute of Agrarian Economics at an international..

published on 10/31/24 9:39 AM

Business climate in Bulgaria worsens in October

In October 2024, the total business climate indicator decreased by 5.6 percentage points compared to September, dropping from 22.5% to 16.9%. The index declined in all monitored sectors, the National Statistical Institute announced. In industry, the..

published on 10/30/24 1:36 PM

Institute for Market Economics: The future administration of the country must make unpopular decisions

Petar Ganev , senior researcher at the Institute for Market Economics announced, for the BNR, the publication of their white paper of the Bulgarian economy – Unlocking growth: the road ahead after the election. “Concord should be sought and..

published on 10/30/24 10:41 AM