Investors from the Chinese city of Shenzhen are willing to erect a new "economic city" near Plovdiv in Bulgaria.
The project, described by the investors as a venture linked to China's New Silk Road project, is aimed at bulding a bridge between Chinese and European businesses.
One of the results expected by the Chinese investors is that Plovdiv should turn into a distribution hub for Chinese goods to Europe and the Middle East.
The presence of Chinese companies in Plovdiv is set to be strengthened after a bilateral business partnership was established between the state-protected industrial area called Trakia Economic Zone and a Chinese company.
The meeting brought together the Deputy Mayor of Plovdiv Rozalin Petkov, entrepreneur Plamen Panchev, who is behind the Trakia Economic Zone project, and Valentina Aleksandrova (one of the Economy Minister's advisers) with Chanqing Zhang, who represents the Bulgarian-Chinese Association for Business Development, and business representatives from Shenzhen, a city of 10 million.
The estimated project deadline is three years.
However, there are no reports of any agreements signed that would have launched it officially.