The Fifth Session of the Bulgarian-Kazakh Intergovernmental Commission for Economic Cooperation was held in Sofia.
The Fifth Session of the Joint Bulgarian-Kazakh Intergovernmental Commission, which took place in Sofia, concluded with the signing of a bilateral protocol for the activation of economic cooperation in a number of sectors. The document was signed by the two co-chairs of the commission, the Minister of Economy and Industry Peter Dilov and Serik Zhumangarin, Deputy Prime Minister and Minister of National Economy of the Republic of Kazakhstan.
“Bulgaria is actively working to develop economic ties with Central Asian countries, among which Kazakhstan undoubtedly stands out as our traditional economic partner,” Minister Dilov stated during the meeting of the intergovernmental commission for economic cooperation.
He emphasized that there is potential for increase in Bulgarian exports to Kazakhstan and attracting investments, as well as priorities for regional development from the perspective of infrastructure and energy projects.
For his part, the head of the Kazakh delegation, Deputy Prime Minister Serik Zhumangarin, stated that Bulgaria is one of Kazakhstan’s key partners in Southeast Europe. “In recent years, our cooperation has demonstrated stable dynamics in practically all spheres,” he mentioned.
Both highlighted that there is unrealized potential for cooperation between Bulgaria and Kazakhstan, despite the positive development of trade, which has quadrupled in the last year alone.
Minister Dilov and the Deputy Prime Minister of Kazakhstan discussed opportunities for deepening relations in various sectors. They discussed the potential for implementing joint projects, as well as cooperation in transport, energy and digital infrastructure.
During the session, an analysis of bilateral cooperation was made and current issues of Bulgarian-Kazakh trade and economic relations and opportunities for expanding cooperation in a number of areas, such as trade, economy, transport and communications, energy, e-governance, tourism, etc., were reviewed.
Within the session, Minister Dilov and Zhumangarin also opened a Bulgarian-Kazakh business forum, organized by the Bulgarian Chamber of Commerce and Industry.