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Chinese company invests 10 million euro in Boynitsa Municipality in Vidin Region

17.11.2011

The Deputy Minister of Agriculture of China Mr. Gao Hongbin, the Minister of Agriculture and Food D-r Miroslav Naydenov and the Governor of Vidin Region Mr. Plamen Stefanov opened an investment of the Chinese state-owned company “Tianjin agribusiness company” in Boynitsa municipality in Vidin Region. This is the first state investment of China in a country from the European Union. 
The Minister of Agriculture and Food announced to the official guests his position that the state will continue its efforts to increase the investments in the Northwestern Region. 
After conducted researches the company has decided to grow different agricultural crops in Northwestern Bulgaria. The subsidiary company has invested 10 million euro in 20 000 dca of land on lease in Northwestern Bulgaria. The majority of the land plots are situated in Boynitsa municipality where corn, alfalfa and sunflower will be grown. The Chinese company plans to invest also in stock breeding. The investment is expected to reach 30 million euro. 
The official ceremony was attended by the Ambassador of China in Bulgaria H.E.Mr. Guo Yezhou, the president of the company Mr. Bay dzha Shan, representatives of China and other guests. 



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