Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria, Brazil Deals Needed to Compliment EU-Mercosur Ties
Date: 13/10/2010
Bulgaria, Brazil Deals Needed to Compliment EU-Mercosur Ties

An agreement for the avoidance of double taxation between Bulgaria and Brazil is believed to boost the economic ties between the two countries.

This is the conclusion of a meeting of Bulgaria's Honorary Consul in Brazil Joao Vaz, and the Bulgarian Chamber of Commerce and Industry (BCCI).

An agreement for the encouragement and mutual protection of investments is also said to be very important, should the two countries want to expand their economic exchange.

The BCCI thinks Bulgaria's relations with Brazil have much to offer in terms of untapped potential, especially as Brazil, which is the second largest BRIC economy after China and ahead of India and Russia, is expected to surpass Italy to become the 7th largest economy in the world.

In 2009, Bulgaria's trade with Brazil was USD 211 M, a 35% decline compared with the peak levels from 2008; its export was USD 40 M, while its import from Brazil amounted to USD 171 M.

The need for Bulgarian-Brazilian agreements on double taxation avoidance and investments have been emphasized despite any existing deals between the EU and Mercosur.

Bulgaria's Honorary Consul to Brazil Joao Vaz has committed to sounding out the opportunities for creating a Bulgarian-Brazilian Chamber of Commerce, an idea supported by the BCCI.

Topic: Business

Featured District
Invest Bulgaria Charts
FDI to Current Account Deficit of Bulgaria
FDI to Current Account Deficit of Bulgaria

Current and Capital Account of Bulgaria
Current and Capital Account of Bulgaria

See all charts
Did You Know?
Every year on the 1st of March, Bulgarians give each other 'martenitsas' - small figures made of ... More

Sofia Subway was launched in January 1998 and is the first and only network of this kind in Bulgaria. The largest streams of passengers now are reaching up to 40,000 people during rush hour. After the completion of the subway system, it will have 47 stations and capacity of more than 1,000,000 passengers per day.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members