Armenian-Bulgarian cooperation greatly potential
15.11.2007,
02:01
Armenian-Bulgarian trade cooperation has a great potential for development, Bulgarian Prime Minister Sergey Stanishev told a news conference held jointly with RA Prime Minister Serge Sargsyan.
YEREVAN, November 14. /ARKA/. Armenian-Bulgarian trade cooperation has a great potential for development, Bulgarian Prime Minister Sergey Stanishev told a news conference held jointly with RA Prime Minister Serge Sargsyan.
He pointed out that the bilateral trade is estimated at $30mln, which is insufficient. He said that the bilateral economic relations are not at the same level as political relations.
According to Stanishev, in 1990s both countries experienced hard times, when some ties were lost. However, the country has been successfully and steadily developing over the last few years. The Bulgarian Premier pointed out that the country has recently recorded 6% steady economic growth, and foreign investments in its economy total €4.1bln.
“The steps enable us to develop bilateral cooperation, Of course, a number of obstacles to the development of cooperation do exist,” he said.
Stanishev pointed out that Bulgaria, as a country of investment attractiveness, is not only attracting foreign investments, but also invests its own capital in other countries. He said that Bulgaria has successful investment projects in Ukraine, Macedonia, Serbia, Kosovo and Turkey.
“Since we have such successful projects, why not invest funds in Armenia’s economy as well?” he asked.
The RA Statistical Service reports that Armenian-Bulagrian trade totaled $82mln in January-September 2007 – a 3.2-fold increase. Armenia’s exports to Bulgaria reached $12.7bln – a 17.3-fold increase compared to the corresponding period last year. Armenia’s imports from Bulgaria reached $20.3mln – a 1.6-fold increase, with imports of Bulgarian products reaching $57.7mln (a 2.3-fold increase).
Bulgarian Premier Sergey Stanishev arrived for a 3-day official visit to Armenia. During his visit he was to hold meetings with RA President Robert Kocharyan, Speaker of the RA Parliament Tigran Torosyan and Catholicos of All Armenians Garegin II.
In Armenia, the Bulgarian Premier is tom lay a wreath to the Memorial to the victims of the Armenian Genocide, hold a meeting with students and teaching staff of Yerevan State University. The Bulgarian Premier is also scheduled to meet with the members of the Armenia-Bulgaria friendship group and representatives of the Bulgarian community in Armenia.
The Bulgarian Premier will also visit the Institute of Ancient Manuscripts “Matenandaran”, Peyo Yavorov secondary school, Yerevan Brandy Company, treasure house and Cathedral of the Holy See of Echmiadzin.–0--
He pointed out that the bilateral trade is estimated at $30mln, which is insufficient. He said that the bilateral economic relations are not at the same level as political relations.
According to Stanishev, in 1990s both countries experienced hard times, when some ties were lost. However, the country has been successfully and steadily developing over the last few years. The Bulgarian Premier pointed out that the country has recently recorded 6% steady economic growth, and foreign investments in its economy total €4.1bln.
“The steps enable us to develop bilateral cooperation, Of course, a number of obstacles to the development of cooperation do exist,” he said.
Stanishev pointed out that Bulgaria, as a country of investment attractiveness, is not only attracting foreign investments, but also invests its own capital in other countries. He said that Bulgaria has successful investment projects in Ukraine, Macedonia, Serbia, Kosovo and Turkey.
“Since we have such successful projects, why not invest funds in Armenia’s economy as well?” he asked.
The RA Statistical Service reports that Armenian-Bulagrian trade totaled $82mln in January-September 2007 – a 3.2-fold increase. Armenia’s exports to Bulgaria reached $12.7bln – a 17.3-fold increase compared to the corresponding period last year. Armenia’s imports from Bulgaria reached $20.3mln – a 1.6-fold increase, with imports of Bulgarian products reaching $57.7mln (a 2.3-fold increase).
Bulgarian Premier Sergey Stanishev arrived for a 3-day official visit to Armenia. During his visit he was to hold meetings with RA President Robert Kocharyan, Speaker of the RA Parliament Tigran Torosyan and Catholicos of All Armenians Garegin II.
In Armenia, the Bulgarian Premier is tom lay a wreath to the Memorial to the victims of the Armenian Genocide, hold a meeting with students and teaching staff of Yerevan State University. The Bulgarian Premier is also scheduled to meet with the members of the Armenia-Bulgaria friendship group and representatives of the Bulgarian community in Armenia.
The Bulgarian Premier will also visit the Institute of Ancient Manuscripts “Matenandaran”, Peyo Yavorov secondary school, Yerevan Brandy Company, treasure house and Cathedral of the Holy See of Echmiadzin.–0--
