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China wants four million bottles of Bulgarian wine

Date: 21.04.2006

China is ready to import four million bottles of wine from Bulgaria a year, Standart was informed.
"Few wineries in Bulgaria have the capacity to produce such a huge quantity of wine and to meet the demand of the vast market of the East. This is why, we expect a process of merging and cooperation of wineries to begin soon, Chavdar Penev, Chairman of the Bulgarian-Chinese Chamber of Commerce said.

"Your country has original technologies for production of wine and foods and has been included in the investment plans of the Chinese companies," Mr. Wei Jianguo, Deputy Minister of Commerce of China, said during the 12th session of the Intergovernmental Commission for Economic Cooperation.

“Considerable interest in your wine was shown as early as in February, at a business forum in Sofia," he added.

Bulgarian wineries will present their wines at an expo in Beijing this year and the producers of foods will also take part in a special exhibition.

By the end of the year, China-seated SVA Shanghai Company will launch production of plasma TV and DVD sets and monitors for PC at the plant in Veliko Turnovo town, central Bulgaria. In 2004, the company bought part of Veliko Turnovo's TV-maker and now they will carry out full acquisition of the plant.

Over eight million euro has been invested in the precise engineering plants in Pravets town, where the Bulgarian-Chinese venture Chongqing Lifan Weili Appliances has been producing air conditioners since 2004. Production of motorcycles, mopeds and vans, under the license of Honda will soon be launched there.

Standart daily

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