Bulgaria improves economic cooperation with Belarus

25 September 2015

Bulgaria improves economic cooperation with Belarus

Yesterday on 24.9.2015g in Minsk was held the fifth session of the Intergovernmental Bulgarian-Belarusian commission on trade-economic and scientific-technical cooperation. Deputy Minister Vezieva is chairman of the Bulgarian side of the Commission. By the Belarusian side is Deputy Minister of Foreign Affairs Helena Pile.
The agenda included discussion of issues of bilateral cooperation – mutual trade, investment, tourism, agriculture, transport, information and communication technologies and others.
Possible ways to increase cooperation with Belarus are in innovations and high-end technologies. Opportunities for increasing Bulgarian exports could be sought in the field of wine and wine materials, products of the food industry and equipment for cosmetics, tourism, pharmaceutical, sanitary equipment, machinery, etc., Said Vezieva.
Deputy Minister Vezieva opened another Bulgarian-Belarusian business forum with the participation of Bulgarian and nearly 80 Belarusian companies, organized by the Executive Agency for Promotion of Small and Medium Enterprises / ASME / and Belarusian agency.
Trade turnover between Bulgaria and Belarus for 2014 has increased by 34.8% and amounted to 88.9 mln.US dollars compared to those from 2013. Bulgarian exports grew by 43.0 percent and reached 57.8 US dollars, While imports increased by 21.8 percent and reached 31.2 mln.US dollars. The trade deficit increased by 79.8 percent and reached 26.5 mln.US dollars.
Exports of the Republic of Bulgaria in 2014 consisted mainly of drugs and dishwashers. Other commodity groups have a share of below 5%. The imports leaves the Republic of Belarus occupy leading positions pneumatic tires of rubber, petroleum gas, spare parts and accessories for motor vehicles. The remaining groups of goods have a share of less than 7%.

Source: Ministry of Economy of Republic of Bulgaria

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