Bulgaria, China to Sign 8 Cooperation Agreements at Business Forum

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.