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Bulgaria keen to score from Qatar World Cup 2022

Minister calls for increased links between two countries

NEWS, Business, Bulgaria, Trade, World cup 2022

Bulgaria has thrown its hat into the ring to take part in World Cup 2022 projects in Doha.

The country's Minister of Economy and Energy, Dragomir Stoynev said there was 'considerable potential' for developing trade and economic links between the two countries.

“Bulgaria can assist Qatar in organising the event by providing goods, construction materials and skilled workers. Bulgarian companies have proven professionalism in the construction of highways, office builds and shopping centres,” said Stoynev, who believes the key sporting event will provide tremendous opportunities for firms in his country.

“To expand our bilateral trade and economic cooperation, we have decided to open a Commercial and Economic Section in our embassy here,” he added.

Stoynev said several sectors can provide enhanced trade and co-operation between the two countries. These include light industry, energy, tourism, agriculture and food processing, automotive, machinery, information and communication technology, engineering and consulting.

Bilateral trade between Qatar and Bulgaria stood at $11.7mn in the first nine months of 2013.

“This is not significant. But the bilateral trade has seen a three-fold growth in the last three years. It stood at only $3.3mn in 2011,” the minister pointed out.

He said bilateral trade has greater prospects given the efforts of the Bulgarian-Qatari Joint Commission (on economic and trade co-operation). Diversifying trade flows between the two countries and including new products in the list of traded goods will also enhance bilateral trade.

“We can offer Qatar high quality lamb, mutton, poultry, cereals, mineral water, high quality ferment cultures for dairy products, construction materials, medicines, electrical and electronic equipment,” Stoynev said.

Stoynev also said Bulgaria strongly supported a free trade agreement between EU and the GCC.

 

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