Bilateral trade between Qatar and Bulgaria, which reached $3mn in 2011, is poised for further expansion, according to Qatari Businessmen Association (QBA).“The economic co-operation between the countries is expected to increase after the opening of the direct line for Qatar Airways last year, and agreement on the exemption of visa for holders of diplomatic and special passports,” QBA chairman Sheikh Faisal bin Qassim al-Thani said after his meeting with Nikolay Mladenov, Minister of Foreign Affairs, and Miroslav Zafirov, chargé d’affaires and head of mission in the Bulgarian Embassy.During their meeting, Mladenov informed QBA chairman and members that Qatar has agreed to invest €100mn in the three main sectors of Bulgarian economy: agriculture, tourism and infrastructure.A team of Qatari experts will visit Bulgaria in a month to study investment areas pertaining to these sectors, as well as in energy, and also to discuss potential cooperation prior to the visit of HE the Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor al-Thani, to the Bulgarian capital Sofia.The Qatari government has also proposed to the Bulgarian delegation to hold an exhibition of Bulgarian products in Qatar, as those companies have the opportunity to compete with the both private and public sectors.Mladenov invited Sheikh Faisal and other QBA members to visit Bulgaria, and explained the investment incentives, which include the lowest tax rate in European countries, and the economic growth that currently depends on the service and tourism sector (64.2%), industry (30.6%) and agriculture (5.2%).Sheikh Faisal also confirmed the readiness of Qatari businessmen to support and identify investment opportunities in Bulgaria.Both the countries are currently working on the visa requirements and procedures in order to facilitate the entry of more investors to the European country.