Bulgaria and China signed a major copper deal Thursday during a visit to Sofia by Chinese Vice-President Xi Jinping who pledged to further boost trade and investment between the two countries. Aurubis Bulgaria, a subsidiary of German-based Aurubis, Europe's leading copper smelter, signed an 800-million-dollar (536-million-euro) deal with China's largest metals trader China Minmetals.
The deal, to run until 2015, was signed at a ceremony in Sofia attended by Xi, who arrived on a two-day visit to Bulgaria on Thursday, and Bulgarian Prime Minister Boyko Borisov. Five other contracts were also inked at the ceremony, including another 19-million-dollar (13-million-euro) copper deal with China Nonferrous Metal Mining Group.
Addressing a business forum earlier, Xi hailed the "dynamic development of trade and economic co-operation" between the two countries. "Bulgaria is now China's most important trading partner on the Balkans," Xi said. The value of overall trade between the two countries amounts to 1.26 billion dollars, according to data compiled by the economy ministry.
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