Bulgarian enterprises to land products on the Chinese market under a common brand

Bulgarian enterprises have a good chance to establish their products on the Chinese market, it became clear business network session organized by the Bulgarian-Chinese Chamber of Commerce in cooperation with the Bulgarian Chamber of Commerce and Industry on April 4, 2013. This opportunity arose thanks to the Memorandum of Understanding, signed by BCCCI in January 2013 and the Beijing International Brand Management Centre at MOFCOM of PRC. The Chinese governmental organization has already registered the national brand Bulgarian Quality Standard, under which Bulgarian goods, approved by the Centre, will be sold on the Chinese market and which will ensure their quality and origin.

The workshop was opened by the Chairman of BCCCI Mr. Viktor Azmanov. Presentations were made by the Secretary of the Chamber, Mr. Stefan Kinov, attorney Tsvetoslav Mitev from law firm "Georgiev, Todorov & Co.", Mrs. Eli Shipkovenska, representative of Investbank AD, and former Bulgarian ambassador in China - Mr. Georgi Peichinov. Each of them presented the opportunities offered by China and the measures that businessmen need to take into account in order to achieve successful cooperation with potential Chinese partners. 

Representatives of the Embassy of the PRC in Bulgaria were among the official guests of the forum, attended by over 100 people – mainly Bulgarian entrepreneurs aiming to achieve partnership with the Asian economic giant attended the event. The participants were acquainted with China's decision to support the countries of Central and Eastern Europe through a line of credit of USD 10 billion allocated by China ExIm Bank.
Exim Bank representatives visited Sofia last week to meet with the management of BCCCI and InvestBank to discuss partnership opportunities. Thus the procedure for approving projects for financing small and medium enterprises from China will be much easier and simpler.
A useful lecture on the prevention of risks in transactions with unverified Chinese outsource was made by Attorney in Law Tsvetoslav Mitev from the established Bulgarian law firm "Georgiev, Todorov & Co.". "Just in the last month several signals for Chinese business fraud were received in the Bulgarian-Chinese Chamber of Commerce and Industry’s headquarters", Mitev warned and urged the business community to only act after verification and enough obtained information and to benefit from competent consulting services and support that is offered by the relevant organizations.