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InvestBulgaria Agency and the Bulgarian-Spanish Chamber of Commerce signed a Memorandum of Cooperation

February 25, 2016


Stamen Yanev, Executive Director of InvestBulgarian Agency (IBA) and Biliana Manolova, deputy chairman of the Bulgarian-Spanish Chamber of Commerce met on 25.02.2016 in Sofia in the building of IBA /St. Aksakov №31 3rd floor/ in connection with the signing of a Cooperation Agreement. The Memorandum is expected to become an important mechanism for stimulating and support the business in the Republic of Bulgaria and the Kingdom of Spain and to be basis for the development of closer trade relations which will lead to an increase in bilateral investments.

It envisages active interaction between the two organizations on attracting investments and exchange of information on potential business partners (companies from Bulgaria and the Kingdom of Spain). It also foresees the subject of cooperation to be investment projects (existing and planned), public statistical data, analyzes, results of market research and information on the state regulatory measures.

The Cooperation Agreement also provides that the two organizations will work together to develop sustainable economy and to partner in the development of projects and programs related to public-private partnership. Mutual provision of information for business forums and exhibitions will be a further step towards the mutual attraction of investments from both countries.

IBA and the Bulgarian-Spanish Chamber of Commerce commit to analyze periodically the results of cooperation in the framework of the signed agreement to exchange information about the outcome and to develop new proposals for improving the quality exchange of knowledge between the two organizations.