Bulgaria, Israel to sign agreements on bilateral business, industrial co-operation

Bulgaria, Israel to sign agreements on bilateral business, industrial co-operation

Bulgaria and Israel will encourage bilateral cooperation between Bulgarian and Israeli companies on innovative projects in areas considered vital to both countries, the Bulgarian Foreign Ministry said in a media statement on April 28 2010.The agreement was hammered out in Tel Aviv by the Bulgarian Economy, Energy and Tourism Minister Traicho Traikov and his Israeli counterpart from the industry, trade and labour ministry, Binyamin Ben-Eliezer, the statement read..Among the sectors considered to have great potential are the technology sector, technical sector and services, modern agriculture and agricultural systems, and the medical sector, including pharmaceutical and biotechnological developments.Infrastructure projects, information technology, and security systems were also high on the agenda.Traikov and his 20 strong delegation, consisting of businessmen, industrialists and defence contractors, were on an official visit to Tel Aviv and Jerusalem at the invitation of Ben-Eliezer."In-spite of the economic crisis, Bulgaria maintains a policy of strong fiscal stability, improving the business climate and the encouragement of further investment in the country," Traikov said during the forum attended by 20 Bulgarian companies and 50 representatives from Israel's business and industrial elite.He told Israeli officials that Bulgaria maintains the lowest corporate taxation in the European Union which by itself is a very strong anti-crisis measure.According to the report, the bilateral inter-governmental agreement between Bulgaria and Israel for businesses cooperation is expected to be signed "very shortly".Traikov also met Israeli infrastructure minister Uzi Landau and prime minister's Benjamin Netanyahu's economic adviser Ori Yogev. Reportedly, Landau presented a plan to the Bulgarians for the development and the diversification of energy sources and the reduction of fossil fuel dependency.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.