Azernews.Az

By Gunay Hasanova

Bulgarian Foreign Minister Temenujka Petkov and Economy Minister Bozidar Lukarski will visit Baku on September 29-30 to take part in the fourth meeting of the intergovernmental commission on economic cooperation, Bulgarian media reported on August 12.

Baku will host the Azerbaijani-Bulgarian Business Forum within the framework of the visits.

The Bulgarian delegation will include businessmen operating in the fields of energy, petroleum, construction, transportation, food processing, pharmaceuticals, tourism, ICT, chemical industry and so on.

Bulgarian President Rosen Plevneliev previously said that Azerbaijan is highly valued and reliable partner and friend of Bulgaria and the trade turnover marks a positive development.

Azerbaijan and Bulgaria have developed friendly relations after Bulgaria recognized the independence of Azerbaijan in January 1992.

Diplomatic relations between the two countries were established in June 1992 and the embassy of Bulgaria in Azerbaijan was opened in December 1999. In 2014, the Azerbaijan State Statistics Committee reported that trade between the two countries amounted to $124.596 million.

Bulgaria has intention to become main gas transit country for South Eastern and Central Europe.

The diversification of natural gas resources and the routes delivering natural gas to Bulgaria is vital for the country. In this regard, Azerbaijan could become an important partner for Bulgaria. The country continues to put in all efforts to aid in the construction of the Greece-Bulgaria Interconnector for the supply of Azerbaijani gas.

The IGB is a gas pipeline that will allow Bulgaria to receive Azerbaijani gas, mostly from the second stage of development of Azerbaijan’s Shah Deniz gas and condensate field. The IGB will connect to the Trans-Adriatic pipeline, providing a steady flow of natural gas from Shah Deniz in the Caspian to European markets.

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