Bulgaria signs MOU with China

Bulgaria's government has approved a draft memorandum of understanding on economic cooperation with China's eastern municipality of Shanghai.
 
The Bulgarian Ministry of Economy, Energy and Tourism and the Shanghai Municipal Commission of Commerce would cooperate in organizing promotional activities to encourage mutual investment such as seminars, business meetings, business missions, investment fairs and exhibitions, the Bulgarian government has said in a statement, as cited by China Daily.
 
The two sides will encourage mutual investment activities by sharing information about the special measures and regulations, and about the opportunities for establishing joint industrial projects, joint ventures, and representative offices and branches of companies from Bulgaria and Shanghai, the statement said, Novinite.com reports.