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

Rumen Radev: Europe Must Proceed to Resolve Existential Issues for Restoring Peace and Guaranteeing Its Security

5 February 2025 | 16:04
It is difficult to talk about competitiveness while a war is raging in the heart of Europe, the head of state stressed at the opening of a forum of The Economist in Sofia

Rumen Radev: Europe Must Rapidly Assume Responsibility Not Only for Its Own Defence, but Also for Building a Competitive and Dynamic Economy

30 January 2025 | 20:08
The President hosts the traditional reception for the heads of diplomatic missions in Bulgaria

President Honours Ambassador of the People's Democratic Republic of Algeria with the Order of the Madara Horseman, First Class

29 January 2025 | 17:05
Bulgaria highly values the relations between our two countries and the People's Democratic Republic of Algeria is one of our most important partners in the North African region and among the Arab countries, Radev said.

President Participates in the Commemorative Ceremony Marking the 80th Anniversary of the Liberation of the Auschwitz-Birkenau Concentration Camp

27 January 2025 | 20:08
Dozens of Heads of State and Government listened to stories from concentration camp and Holocaust survivors and paid tribute to the victims of the Nazi regime in Europe.

ОТКРИТО УПРАВЛЕНИЕ

e-ДОКУМЕНТИ

BULGARIAN CHRISTMAS

SUPPORT A DREAM

JOHN ATANASOFF AWARD

CONSULTATIVE COUNCIL FOR NATIONAL SECURITY


Useful links