A logistics hub for e-trade in agricultural produce between China and Central and East European (CEE) countries will open by the end of November in Plovdiv's Trakia Economic Zone. The Investments are mainly Chinese and more than 100 companies are expected to open their warehouses.
This transpired during the third working meeting of regional governors under the 16+1 initiative for cooperation between Central and Eastern Europe and China. The international forum is mottoed “Plovdiv: The oldest city on the Silk Road”. Plovdiv Regional Governor Zdravko Dimitrov said that Plovdiv and Bulgaria rely on a railway line along the Silk Road. According to him, in 20 years the Trakia economic zone has attracted serous investments and foreign partners in the region of Plovdiv and Plovdiv has become a symbol of successful cooperation under the Initiative 16+1.
The Investments in the Pavilion 16+1 are mainly Chinese and are expected to increase next year, said Vassil Gelev, head of the department for promotion of agricultural cooperation between CEE countries and China with the Agriculture Ministry. More than 100 companies are expected to open their warehouses with each investment standing at around 500,000 euro, said Gelev.
In 2016, Chinese investment in the EU stood at 35.1 billion euro, an increase of 76 per cent. According to central bank data, in 2015 Chinese investments in Bulgaria stood at 2.9 million euro and in 2016 they were negative – minus 3.3 million euro. In 2016, Bulgarian exports to China declined by 20 per cent, from 612 million dollars to 479 million dollars, said Krustyo Belev, head of the Bulgarian- Chinese Business Development Association.
Source: BTA Daily News / Agroberichten Buitenland
Announcements
Vacancies
- Head Grower – High Technology Organic Greenhouse
- Import and Export Sales Manager
- Sales Manager - US
- Grower | Cannabis
- Key Account Manager (f/m/d) - Full-time
- Vice President of Growing Operations
- Account Manager - Canada
- Account Manager - United States
- Procurement Manager Blueberries
- International Fruit Trader
Bulgaria: China-CEE e-trade hub for agricultural produce to open
Publication date:
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2023-11-29 Germany: Joint scaling of harvesting robots
- 2023-11-29 Rosselkhoznadzor limits supplies of seed and planting material from the Netherlands
- 2023-11-29 "Sayuri", the only greenhouse complex in the world located in the permafrost region
- 2023-11-29 “This year we want to reach the English market with our organic products”
- 2023-11-29 NL: Green Simplicity receives green light for 1 ha facility
- 2023-11-28 “We have specialists for this project too"
- 2023-11-28 Martin Stolze preps up to anticipate next growth of international horti
- 2023-11-28 UK: Still time for agri and food-tech businesses to apply for innovation grants of up to £300,000
- 2023-11-28 US (AZ): USDA issues $250k grant to Tucson aquaponic farm
- 2023-11-27 Maf Roda acquires Caustier
- 2023-11-27 Northern Lights and Yara sign agreement on CO2 transport and storage
- 2023-11-24 Meike van Ginneken joins Netherlands Water Partnership's Advisory Board
- 2023-11-22 USDA PACA updates
- 2023-11-22 Ukraine: Grants of 503.3 thousand euros distributed to develop orchards and greenhouses
- 2023-11-21 Rabo horticulture barometer: business confidence up slightly
- 2023-11-21 Las- & Montagebedrijf FBO and the Voorwinden Group continue together
