NEWS FROM BCCI

Bulgaria – Saudi Business Forum outlines the main sectors for cooperation

The Bulgarian Chamber of Commerce and Industry hosted a Bulgaria – Saudi Business Forum, organized in cooperation with the Council of Saudi Chambers, with the support of the Embassy of the Kingdom of Saudi Arabia in Sofia.

At the opening of the forum, the President of BCCI Tsvetan Simeonov said that the event was continuation of his visit to Riyadh as part of the delegation accompanying the Prime Minister of the Republic of Bulgaria Boyko Borisov in the Kingdom of Saudi Arabia, in the end of November 2017. Mr. Simeonov thanked the Saudi delegation for its quick response to the invitation and deciding to research the opportunities for investment and cooperation with Bulgarian companies on the spot.

The Deputy Minister of Economy Aleksandar Manolev said that the visit was a strong indication to the desire for development of bilateral relations between Bulgaria and Saudi Arabia. He informed that opening of a Bulgarian Embassy in Riyadh and a Commercial and Economic Section is expected.

The Head of the Saudi business delegation – Muneer Bin Saad, Deputy Chairman of the Council of Saudi Chambers said that there is huge potential for development of the bilateral relations. He presented the main points of the National Transformation Programme “Saudi Arabia’s Vision 2030”.

Stamen Yanev, Executive Director of InvestBulgaria Agency presented the investment opportunities in Bulgaria and the main advantages of the Bulgarian economy. The presentation is available HERE.

Bilateral business meetings by interests were held between Bulgarian and Saudi companies representing the sectors: healthcare, insurance, legal services, construction, trade in foods and beverages, educational services, and tourism. Interest towards import of Bulgarian dairy products was expressed.

Mr. Bin Saad declared interest in future cooperation with Bulgarian companies in the field of renewable energy, and equipment for solar, wind and water energy in particular.

Mr. Simeonov introduced the guest to the current situation of the Bulgarian energy sector and the requirements of Bulgarian legislation for green energy use. Other sectors of mutual interest were discussed, including agriculture, SPA tourism and construction.

Nearly 500 business representatives who couldn’t participate in the forum watched the 360-degree online live broadcast on Facebook.

 

 

 

 

NEWS FROM BCCI
BCCI took part in a delegation to Armenia, accompanying Bulgarian President Rumen Radev
Bulgaria will host a Bulgarian – Armenian Business Forum Още
Bulgaria – Saudi Business Forum outlines the main sectors for cooperation
Including renewable energy, agriculture, SPA tourism and construction Още
Initiatives to promote the bilateral trade and economic relations between Bulgaria and Ukraine
Negotiated the President of BCCI and the Ambassador of Ukraine H.E. Mykola Baltazhy Още
The Commercial Counsellor of the Embassy of Spain visited BCCI
A Spanish business mission is expected to visit Bulgaria in the autumn Още
Meeting with the Chairman of the General Libyan Union of Chambers
Discussion of the current state and the tendencies in the economic development of both countries Още
BULGARIAN PRESIDENCY OF THE COUNCIL OF THE EU
Ministers propose a European Tourism Fund and a map of Europe’s 100 tourism sites
The idea is based on Bulgaria’s successful experience with a map of the 100 most important national tourism sites Още
BULGARIAN ECONOMY
Bulgaria's GDP increases by 3.6% per year
The final consumption registered a positive economic growth by 4.7% Още
Unemployment at the end of 2017 in Bulgaria has fallen to 5.6%
The long-term unemployment rate is 3.2% for men and 3.1% for women Още
INVESTMENT NEWS
Finnish company Cargotec opens a global business service center in Sofia
Services in the fields of finance, human resources, information management, as well as indirect procurement Още
REGIONAL COOPERATION
Nearly EUR 7 million will be invested in the border region between Bulgaria and Macedonia
The funds are earmarked to finance projects under the second call for proposals under the Interreg - IPA Program Още
TRANSPORT AND LOGISTIC
17 new tunnels will be ready by 2023 in Bulgaria
For the construction of a highway to Kalotina there is currently a contractor selection procedure Още