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Iranian Firms Visit Bulgaria to Explore Opportunities for Investment in Dairy Sector

14 November 2017

BULGARIA - Representatives of 15 Iranian dairy companies are exploring opportunities for partnership and investment in Bulgaria, the Economy Ministry said on 13 November.

Speaking at the opening of a Bulgarian-Iranian business forum in Sofia, deputy economy minister Alexander Manolev said that there were 313 dairy enterprises in Bulgaria, employing a total of 8300 people, according to The Sofia Globe.

"Milk production is of strategic importance for Bulgaria," Mr Manolev said, adding that the country has a long tradition in the sector.

Mr Manolev said that consistent efforts are being made to invest in high quality genetic material, farm modernization, milk collection points and dairy processing plants, as well as the promotion of trade, especially exports.

"Bulgarian companies have something to offer in terms of modern equipment and technologies for automation of production and quality control," he said.

He expressed hope that more Iranian companies would benefit from the benefits of Bulgaria as a business and investment destination and in other sectors of mutual interest.

"For the first half of 2017, the growth in trade between Bulgaria and Iran is over 80 per cent," Mr Manolev said.

The Business Forum was organised by the Bulgarian Executive Agency for Promotion of Small and Medium-Sized Enterprises, and representatives of the embassy of Iran in Bulgaria and the Iranian Small and Medium Enterprises Organization.

TheCattleSite News Desk



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