Bulgaria Saw Fourfold Growth of Chinese Investments 2011
Business | April 24, 2012, Tuesday // 08:10| views
File photo of Chinese Ambassador to Bulgaria Guo Yezhou
Bulgaria observed a fourfold growth of Chinese investments in 2011, according to Chinese Ambassador to the country, Guo Yezhou.
"Until the beginning of 2011, Chinese investment in Bulgaria was USD 16 million, while at the end of 2011 it reached USD 70 million," Guo has revealed, as cited by Xinhua.
He added that Chinese investment in Bulgaria is currently concentrated in the areas of agriculture, automotive, renewable energy and environmental protection.
According to Guo, Bulgaria's exports to China increased by 42% year on year in 2011, while the first two months of 2012 saw a 100% increase year on year.
On Monday, the envoy participated in a a scientific conference on China's development, jointly organized by the Federation of Bulgarian-Chinese Friendship and the Bulgarian Anti-Fascist Union.
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