June 14 (SeeNews) - Cosmetics maker Bulgarian Rose [BUL:4BH] said on Thursday it is in the process of negotiating a five-year agreement with an unnamed Chinese corporation for export of cosmetics and rose oil worth up to 40 million levs ($24.2 million/20.4 million euro) in the long term.
The agreement could be signed at the beginning of July, Bulgarian Rose said in a statement.
Karlovo-based Bulgarian Rose, established in 1948, produces cosmetic products for face, body, and hair using rose oil and other locally-grown herbs.
Bulgarian Rose has stores in nine cities across Bulgaria.
(1 euro = 1.95583 levs)