NEWS

The President in Ulan Bator: Bulgaria Offers the Best Business Environment for the Mongolian Business in the European Union

2015-05-12 14:19:00
We have an excellent cooperation and friendship on the political level, however, the important issue is whether we can do business together. The Bulgarian business is looking far beyond the borders of our country, the Bulgarian companies are competitive and ambitious. Bulgaria offers very good conditions for the Mongolian business – low costs and a strategic location, which ensures quick access to big markets on two continents. This is what Head of State Rosen Plevneliev said in Ulan Bator, where a joint Mongolian-Bulgarian business forum was held, attended by almost 100 representatives of the business circles in the two countries. Prime Minister of Mongolia Chimed Saikhanbileg also took part in the forum, who changed his progam in order to encourage the contacts between the Bulgarian and Mongolian companies.
 
Bulgaria and Mongolia have already launched the first pilot projects, among which is the project on a transport oversight system in the Asian country, initiated by one of the renowned Bulgarian companies in the ICT sector, the President emphasized. Rosen Plevneliev encouraged the Bulgarian companies from the branch to get into the Mongolian market, where the government seeks support and in sectors such as data base management, the creation of online platforms, providing e-services and others. 
 
Before representatives of the Mongolian business, the Head of State highlighted the experience the Bulgarian companies have in mining and the extraction of ores and minerals. In President Plevneliev’s view, the Bulgarian mining companies have the opportunity to expand their activities in Mongolia, which has considerable natural resources. 
 
Another sector which has the potential to strengthen the economic ties is energy and renewable energy sources. Bulgaria is also a traditional producer of medicines and cosmetic products, Rosen Plevneliev said. 
 
The Bulgarian companies enjoy an excellent reputation in the agriculture and food production sectors, the Head of State said.  “We can efficiently produce food together and sell our production in markets in third countries.  Mongolia shows an interest in the construction of greenhouses with the help of Bulgaria, which means fulfilling the agreement signed during President Plevneliev’s state visit.  
 
Prime Minister of Mongolia Chimed Saikhanbileg highlighted the high-tech sector, the production of pharmaceutical products and agriculture as the sectors which provide the greatest opportunities for companies from the two countries to do business. Mongolia also shows an interest in Bulgaria’s experience in the construction of the Sofia subway.  

MORE FROM NEWS

The President Discussed with Representatives of Bulgarian Organisations in Moldova the Development of Taraclia Branch of Ruse University

6 March 2026 | 17:05
The focus of the talks was also the administrative-territorial reform in the country

The presidential institution is following developments in the Middle East with concern

28 February 2026 | 19:07
The President, as the supreme commander of the Armed Forces, is in constant contact with the relevant Bulgarian institutions and security bodies

President Iotova Discussed the Growing Hate Speech and the Retreat from Human Rights with the CEO of the American Jewish Committee, Theodore Deutch

14 February 2026 | 14:02
The growing hate speech and the retreat from human rights protection were among the main topics of conversation between Bulgarian Head of State Iliana Iotova and American Jewish Committee CEO Theodore Deutch. The two met on the sidelines of the 62nd Munich Security Conference.

President Iliana Iotova Met with Croatian Prime Minister Andrej Plenkovic

14 February 2026 | 13:01
Bulgarian Head of State Iliana Iotova conferred with Croatian Prime Minister Andrej Plenkovic. The two met during the 62nd Munich Security Conference.

ОТКРИТО УПРАВЛЕНИЕ

e-ДОКУМЕНТИ

BULGARIAN CHRISTMAS

SUPPORT A DREAM

JOHN ATANASOFF AWARD

CONSULTATIVE COUNCIL FOR NATIONAL SECURITY


Useful links