site.btaBulgaria Seeks Chinese Investment in High-Value-Added Sectors, BCCI Says

Bulgaria is seeking to attract Chinese investment in sectors where the country holds traditional advantages and in industries that generate high added value and enhance economic competitiveness, said Bulgarian Chamber of Commerce and Industry (BCCI) Vice President Vasil Todorov. He was speaking Thursday at an international conference marking the 10th anniversary of the Association for the Promotion of Agricultural Cooperation between China and the Central and Eastern European Countries (APACCCEEC), taking place at Grand Hotel Sofia.

Among the key sectors for investment, Todorov highlighted agriculture, mechanical engineering, automotive manufacturing and parts production, electronics and electrical engineering, information and communication technologies (ICT), and tourism.

Todorov noted that relations between Bulgaria and China date back to 1985, when the first cooperation agreement was signed between the China Council for the Promotion of International Trade and BCCI. 

He emphasized that BCCI has been a long-standing partner of the APACCCEEC since its inception, and a memorandum of cooperation was signed in 2016. The two organizations have jointly organized various events, disseminated information to stakeholders and institutions, and collaborated on the agricultural startup accelerator programme run by APACCCEEC.

Todorov added that the Chamber also takes part in events related to the One Belt, One Road initiative, recognizing the benefits of cooperation between China and the CEE countries.