During the Visit in Tokyo, Japan, in the meeting between IBA and Japan Institute for Overseas Investments, a Memorandum of Understanding was signed in the presence of H.E. Marieta Arabadzhieva, Ambassador of the Republic of Bulgaria to Japan and Krasimir Ivanov, commercial attaché in Tokyo.

The agreement was signed by Mr, Bogdan Bogdanov, Executive Director of IBA and Mr. Toshiyuki Kosugi, President of the Japan Institute for Overseas Investments.

This agreement will become an important mechanism for stimulating and supporting business in the Republic of Bulgaria and Japan and will be the basis for upgrading trade relations, as well as lead to an increase in bilateral investments.

The purpose of this Memorandum is to create a practical framework for the development of closer business organization, to determine the ways of cooperation with a view to expanding investment and trade relations between the institutions and capacity building through mutual cooperation.

The Visit was realized with the financial support of the Operational Program “Innovations and Competitiveness” 2014 – 2020, co-financed by the European Union through the European Regional Development Fund, under the project № BG16RFOP002-2.006-0002 „Promoting of Bulgaria as a successful investment destination”, procedure BG16RFOP002-2.006 „Positioning Bulgaria as known and preferred investment destination by supporting the activities of InvestBulgaria Agency (IBA)“. The whole responsibility for the content of the publication is taken by the InvestBulgaria Agency and under no circumstances can be considered to reflect the official opinion of the European Union and the Managing Authority of OPIC 2014-2020.