FINANCIAL NEWS

Qatar to deposit USD200m in Bulgaria

19 May 2012

(MENAFN) Qatari Prime Minister Hamad Bin Jasim Bin Jabr Al Thani announced that the top LNG exporter will deposit USD200 million in the Bulgarian central bank as a proof of solid intentions to invest in the Balkan nation, Arabian Business reported.

The move comes after Bulgarian Prime Minister Boiko Borissov said that Qatar plans to invest in farms, building resort villages and infrastructure projects.

Other partnership agreements were also firmed to cooperate in the farming, cattle-breeding, food trade, spa and tourism, real estate, mining, health and culture sectors.

In March, Bulgaria’s economy and energy minister, Traicho Traikov, resigned from his role after returning from a business forum in Qatar intended to attract investments to the country.

While 103 Bulgarian firms’ representatives attended the event, no Qataris attended, despite 500 being invited.

Last year, it was reported that Qatar was eyeing plans to build a new receiving terminal for liquefied natural gas in Europe with Bulgaria a possible location.

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