Ambassador of Bulgaria to India: Aims to Strengthen Partnership Between Bulgaria and Tamil Nadu


  • Visit of H.E. Ms.Eleonora Dimitrova, Ambassador of Bulgaria to Tamil Nadu

Chennai, Oct 19, 2021: H.E. Ms. Eleonora Dimitrova, Ambassador Bulgaria to India is visiting Tamil Nadu from 19th - 22nd October 2021. The objective of her visit is to strengthen the economic, business and cultural ties between Bulgaria and Tamil Nadu. The visit is being organized by the Embassy of Bulgaria to India andthe Indo-Asia-Bulgarian Chamber of Commerce (IABCC). The Chamber aims to foster and promote mutually beneficial relations between India and Bulgaria through business and trade.

Youtube Video👇👇

Both countries traditionally enjoy a close, cordial and multi-dimensional relationship. Trade and investment relations between the two countries have been on the rise since the last few years. The Bulgarian export to India has increased in 2020 with 16% reaching USD 131 minand for the first 4 months this year with 30%. Bulgaria joined the European Union (EU) in 2007. It is also a member of the WTO and NATO.

(L to R) Iliya Dekov,Minister Plenipotentiary,Head of Trade and Economic Affairs; HE Ms Eleonora Dimitrova,  Ambassador Extraordinary and Plenipotentiary of The Republic of  Bulgaria to India; Dr Dietrich Kebschull,Chairman,Indo-Asia Bulgarian Chamber of Commerce

Bulgaria offers companies and entrepreneurs from India the ideal environment for the conducive developme of successful business and investment projects. Bulgaria has the lowest corporate and personal tax rate of 10 % amongst all the EU countries. Bulgaria has one of the most competitive costs of business in Europe. At present the credit rating of Bulgaria according to Fitch and Standard and Poor's is "BBB", the best in the Balkans region. The country is ideally placed to act as a gateway for Indian companies to the highly lucrative European Union market consisting of 447 million consumers. Additionally Indian companies can use Bulgaria as a springboard to Turkey, the Balkan Countries, North Africa, Russia and the CIS countries.

The bilateral trade between India and Bulgaria stood at US $ 295 million in 2020-21. India exported goods worth $ 170 million to Bulgaria while imports were $ 125 million. In the agriculture sector, Bulgaria is famous for its ingredients like rose and lavender oils as well as Bulgaria has longstanding traditions of wine producing. Major exports from India consisted of organic chemicals, tobacco,pharmaceuticals, electric parts, wool, construction materials and ferro-alloys. The major imports were laboratory instruments, animal feed, aluminium, machinery and equipment. During the last years, engines, motors and automotive components made in Bulgaria are getting increasingly important.

There is considerable untapped potential for enhancing trade between the two countries keeping in view Bulgaria's geo-strategic location, EU membership and India's strong economic profile. The business sectors in Bulgaria with promising potential are automotive sector, information technology & BPO, electronics and electrical engineering, pharmaceuticals, textiles, food-processing, machine building, steel, education, tourism and winery. Special cooperation with excellent growth prospects has been started in the film industry.

In addition, Bulgaria offers bright chances in academic education and university cooperation.

****

Recent Posts

𝘎𝘌𝘔 𝘏𝘰𝘴𝘱𝘪𝘵𝘢𝘭 & 𝘚𝘳𝘪 𝘙𝘢𝘮𝘢𝘬𝘳𝘪𝘴𝘩𝘯𝘢 𝘏𝘰𝘴𝘱𝘪𝘵𝘢𝘭 𝘚𝘶𝘤𝘤𝘦𝘴𝘴𝘧𝘶𝘭𝘭𝘺 𝘱𝘦𝘳𝘧𝘰𝘳𝘮 𝘐𝘯𝘥𝘪𝘢’𝘴 𝘍𝘪𝘳𝘴𝘵 "𝘐𝘯𝘵𝘦𝘳-𝘏𝘰𝘴𝘱𝘪𝘵𝘢𝘭 𝘚𝘸𝘢𝘱 𝘓𝘪𝘷𝘦𝘳 𝘛𝘳𝘢𝘯𝘴𝘱𝘭𝘢𝘯𝘵" 𝘪𝘯 𝘊𝘰𝘪𝘮𝘣𝘢𝘵𝘰𝘳𝘦

𝘋𝘢𝘪𝘮𝘭𝘦𝘳 𝘓𝘢𝘶𝘯𝘤𝘩𝘦𝘴 𝘈𝘭𝘭 𝘕𝘦𝘸 𝘉𝘩𝘢𝘳𝘢𝘵 𝘉𝘦𝘯𝘻 𝘏𝘟 & 𝘛𝘖𝘙𝘘𝘚𝘏𝘐𝘍𝘛 𝘊𝘰𝘯𝘴𝘵𝘳𝘶𝘤𝘵𝘪𝘰𝘯 & 𝘔𝘪𝘯𝘪𝘯𝘨 𝘊𝘰𝘮𝘮𝘦𝘳𝘤𝘪𝘢𝘭 𝘛𝘳𝘶𝘤𝘬𝘴 𝘵𝘰 𝘗𝘰𝘸𝘦𝘳 𝘐𝘯𝘥𝘪𝘢'𝘴 𝘐𝘯𝘧𝘳𝘢𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘦 𝘉𝘰𝘰𝘮

𝘌𝘢𝘳𝘵𝘩𝘦𝘯 𝘚𝘱𝘢𝘤𝘦𝘴 & 𝘚𝘶𝘨𝘢𝘭 𝘎𝘳𝘰𝘶𝘱 𝘓𝘢𝘶𝘯𝘤𝘩𝘦𝘴 𝘪𝘵𝘴 𝘧𝘭𝘢𝘨𝘴𝘩𝘪𝘱 𝘎𝘢𝘵𝘦𝘥 𝘝𝘪𝘭𝘭𝘢 𝘗𝘭𝘰𝘵𝘴 𝘢𝘵 𝘒𝘦𝘭𝘢𝘮𝘣𝘢𝘬𝘬𝘢𝘮; 𝘉𝘶𝘪𝘭𝘥𝘪𝘯𝘨 𝘢 𝘓𝘦𝘨𝘢𝘤𝘺 𝘪𝘯 𝘔𝘰𝘥𝘦𝘳𝘯 𝘙𝘦𝘢𝘭 𝘌𝘴𝘵𝘢𝘵𝘦