The InvestBulgaria Agency welcomed a Chinese state delegation, and the purpose of the visit was to get acquainted with the activities of the agency, the investment climate in the country and the investment measures provided to foreign investors.
Mrs. Mila Nenova, Executive Director of the Agency and Mr. Julian Balchev, Secretary General of IBA, presented the potential of our country as an investment destination, its favorable tax policy and its macroeconomic stability at a meeting with Mr. Yu Yuantang, Director General of the Department of European Affairs at the Ministry of Commerce of China, Mr. Huang Hongyong, Director of the same Department and Mr. Zhou Chaohan, accompanied by representatives of the Chinese Embassy in Sofia.
Ms. Nenova noted that the trade turnover between the two countries is growing, but the amount of direct investments from China to Bulgaria can be increased, which will lead to many new projects of Chinese enterprises in Bulgaria. She also noted that Bulgaria expects to join Schengen by land, which will be an additional facilitation for foreign investors.
At the meeting, the overall activities of IBA were presented, emphasizing that it is part of the Ministry of Innovation and Growth. In the course of the conversation, it was emphasized that there has been constant economic growth in our country over the past 15 years. Special attention was paid to taxation in the country and the possible incentive measures that Chinese companies can receive under the Investment Promotion Law.
At the meeting, Mr. Yuantang noted that Bulgaria has developed significantly in the last few years in the direction of investments and is increasingly becoming an attractive destination for Chinese investors. The representatives of the Chinese delegation highlighted as a positive achievement of our country the low ratio between government debt and GDP. On their part, the opinion was expressed that it is desirable to establish a Bulgarian-Chinese working group on investments.
