Mongolia and Bulgaria business forum held to boost cooperation

In the scope of Bulgarian President Rosen Plevneliev’s visit, yesterday a Mongolian-Bulgarian Business forum was held at the Ministry of Foreign Affairs. The sides shared experience in the business sector and possibilities for building a joint factory in Mongolia.
Prime Minister Ch.Saikhanbileg gave opening remarks at the forum, underlining that the two countries have political interests and can cooperate in “win and win” principles. The Prime Minister noted that the two countries have similar sectors with great potential for development.
“Bulgaria is leading in the information technology sector, and Mongolia can share its achievements. We can cooperate in many sectors, including medicine production, agriculture, in introducing to Bulgarian roses to Mongolia, and a subway system. Our disadvantage is that Mongolia is a landlocked country, but we have two big ‘seas’. Mongolia’s ‘sea’ gateways are the big Russian and Chinese markets. Mongolia will provide Bulgaria with an opportunity to export their goods to China, in return, Mongolia will have a chance to enter the European market. We will fully support cooperation in the business sector between the two countries,” he added.
On Monday, Mongolian President Ts.Elbegdorj held a meeting with his Bulgarian counterpart.
During a press conference held on Monday, the Bulgarian President said, “Bulgaria has great experience in the medicine production sector, so we are talking about establishing a joint factory. This sector has great prospects. Bulgaria also has experience in solar, wind, and hydropower stations, as well as food production. So we see that we have possibilities to build a joint factory and export to the Chinese market. Furthermore, we can cooperate in the defense industry.”
In response President Elbegdorj said, “I’ll point to three things that will define the importance of the visit. Our countries have had traditional economic relations. Many years have passed since this relationship went into hibernation. This visit is stimulating our relations. Both Mongolia and Bulgaria have a little money. The private sector has money and wants to cooperate. Our duty is to connect the state and the private sector. We believe that by connecting them, industry and business relations will be created.
“There are various products that are being exported to the European market from Bulgaria, we see possibilities for developing and collaborating in this business in Mongolia. Minister of Food and Industry R.Burmaa will conduct a visit to Bulgaria shortly. I believe that she will show that there are many other ways to cooperate in the business sector. Also, we are discussing a visit to Bulgaria by Governor of UB E.Bat-Uul. He will study a subway system that was built at a low-cost in a short time. We also will collaborate in the educational and environmental sectors.”
The business forum took place in the presence of representatives from the Employers Association, Information and Software Association of Bulgaria, and Bulgarian businesses. The Mongolian side was represented by the Ministry of Mining; the Information Technology, Post and Telecommunications Authority; Invest Mongolia Agency; and other business sector delegates.
The business forum concluded the Bulgarian President’s official events in Mongolia, and he will head back to Bulgaria today.