July 6 (SeeNews) - Cosmetics producer Bulgarian Rose [BUL:4BH] said on Friday it has signed a five-year agreement with Beijing Fangcaoziyan Cosmetics Trading Co. for exports of cosmetic products and rose oil
The value of exports is expected to reach 40 million levs ($24.2 million/20.4 million euro) in the long run, Bulgarian Rose said in a statement.
The agreement was signed on the sidelines of the China-CEE 16+1 summit taking place in Sofia.
Karlovo-based Bulgarian Rose, established in 1948, manufactures cosmetic products for face, body, and hair using rose oil and locally-grown herbs.
Bulgarian Rose has stores in nine cities across Bulgaria.
(1 euro = 1.95583 levs)