The Second Session of the Bulgarian-Egyptian Intergovernmental Joint Commission for Economic Cooperation was held in Cairo
Bulgaria and Egypt will strengthen their cooperation in a number of sectors of mutual interest. This became clear during the Second Session of the Bulgarian-Egyptian Intergovernmental Joint Commission for Economic Cooperation held in Cairo. This is the first meeting of the Intergovernmental Commission in nearly six years.
The Minister of Economy and Industry, Peter Dilov, chairs the Bulgarian side of the Commission, while the Egyptian delegation is led by Dr Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation.
The two ministers signed a bilateral Protocol, clearly emphasising the commitment to closer cooperation in key sectors. Peter Dilov and Dr Rania Al-Mashat highlighted that the Second Session marks a new beginning in the bilateral economic dialogue and provides new impetus for expanding bilateral relations. Investment, innovation, industrial development, and partnerships between companies from both countries will be encouraged.
At the session, an agreement was reached to deepen cooperation in areas such as trade, the defence industry, energy, agriculture and the food industry, tourism, digitalisation, and information and communication technologies, among others.
The ministers pointed out that small and medium-sized enterprises (SMEs) are the engines of growth and employment in both economies, making the promotion of partnerships between them key. “Economic relations between Bulgaria and Egypt are entering a new stage,” emphasised Minister Dilov.
According to him, activating cooperation could transform traditionally good relations into concrete investments, joint production, and sustainable growth in key strategic sectors.
Within the framework of the session, a Bulgarian-Egyptian business forum will also be held, featuring the participation of 26 Bulgarian companies working across a wide spectrum of priority sectors.
For the period of January–August 2025, bilateral trade turnover between Bulgaria and Egypt amounted to USD 670 million.