China pays $ 50 million for Bulgarian fields
China pulls out $ 50 million for Bulgarian fields. Buyer is state-owned company "Tianjin Farm Group cultivation" already tried to do business in the country. Chinese seeking 90,000 ha of agricultural land that are ready to pay 300 million yuan. This was announced by the company at a forum in the capital city Sofia in the "Sheraton" hotel, the newspaper "Standard" reported.
There were 30 Chinese companies from the province and Tianjin over 150 Bulgarian. Entrepreneurs intend to sow in our alfalfa and corn for feed then exported to their country. They care also of local wine and essential oils. Just last year, China has put in our country 100 million euro, said the director of the Agency for Investments Borislav Stefanov.
Law on investment will be repaired by the end of the year to encourage depositors to direct their money to Bulgaria, said Minister of Economy and Energy Dragomir Stoynev during the Bulgarian-Chinese business forum in Sofia. Last revision of the normative act made previous Parliament about three months ago.
According to the minister legislative changes will be made not only in this law, but in a few more to generally improve the business climate in Bulgaria, not only to encourage foreign investments". Our goal is to have a plan to attract foreign investment and it is not only for tax relief, and for greater transparency and faster performance of the administration", said Minister Stoynev. According to him, it is very difficult to convince foreign investors to come to Bulgaria amid protests.
Our relationship with China is growing constantly, investment in the eastern state in our country is 100 million euro, said the director of the Agency for Investments Borislav Stefanov. By the end of the year there will be three major joint business forums in China, he added.
Bulgarian-Chinese business forum brought together representatives of 30 Chinese companies from the province and Tianjin over 150 Bulgarian companies. One of the biggest investors in the country's state-run Chinese company "Tianjin Cultivation Farm Agribusiness Group." The company exports to the Asian country local wine and oils and highly intends to expand agricultural activities in Bulgaria.
Source: http://bg-daily-news.eu
(03.07.2013)