We all know that China is
flirting intensively with the emerging countries in Africa and Eastern Europe, promising
investments and cheap loans. China has been wooing Romania for quite some
time and now it seems to be Bulgaria´s turn to receive offers they can´t resist.
On a trade visit to Beijing, Bulgarian President, Rosen Plevneliev, praised growing economic ties with Asian superpower. Bulgaria’s President said that two leading Chinese construction companies have submitted proposals to build the Black Sea motorway.
Construction of the motorway is among the projects proposed by Bulgaria as it competes for Chinese funding under its initiative for cooperation with the countries of Central and Eastern Europe. This envisages a total credit line of 10 billion US dollars.
During Plevneliev’s visit to China, he and President Xi Jinping agreed to double trade volume over the next five years.
Read more in this Balkan Insight article.