The minister of economics and energetics Dragomir Stoynev opened the Bulgarian-Chinese forum, organized by the Bulgarian Small and Medium Enterprises Promotion Agency (BSMEPA) which took place at the Sofia Sheraton Hotel on July 1, 2013. The goal of the event was to provide environment for the establishment of direct contacts among potential partners from the two countries. The meeting was attended by representatives of over 60 Chinese and 150 Bulgarian companies.
The delegation from the Chinese metropolis Tianjin was officially invited to visit Bulgaria by the Ministry of economics, energy and tourism. The leader of the foreign delegates is the Director of the Tianjin State-owned Assets Supervision and Administration Commission. The delegates are representatives of various sectors such as agriculture and food, chemical and pharmaceutical industry, electronics, metal-processing, energy, construction and real-estate, trade, logistics, etc.
For one of the represented companies, Tianjin State Farms Agribusiness Group Co., Bulgaria is not at all a new business destination. Until now, the company has signed rental and purchase contracts for tens of thousands of acres Bulgarian land, mainly in the north part of the country. There are currently on-going negotiations for the purchase of another 900 thousand acres of agricultural land, on which Tianjin State Farms Agribusiness plans to expand their activity, related to the growing of alfalfa, corn, etc. Moreover, the company is considering an expansion of their activity outside the agricultural sector.
Tianjin is a province-level city, one of the 4 Chinese metropolises, directly subordinate to the PRC government. Famous for its extremely well developed industry and agriculture, this city is also one of the biggest ports in the country, equipped with the Binhai special exonomic zone.