In the course of the Azerbaijani-Bulgarian business forum four treaties of intent were signed.
The main beneficiaries of the arrangements are government agencies, according to the Ministry of Economy of AR. For example, a memorandum of understanding was signed between the Azerbaijani Fund for Export and Investment Promotion (AZPROMO) and the Bulgarian Agency for the Promotion of Small and Medium Enterprises (BSMEPA). Besides, AZPROMO signed a document with the Bulgarian-Azerbaijani Chamber of Commerce. The Commerce and Industry Chamber of Azerbaijan also signed two cooperation agreements with BSMEPA and a similar to itself organization in Sofia.
Bulgaria is not the richest country in the European Union, and Azerbaijan is also experiencing an economic and financial crisis; so specific agreements on implementation of joint projects have not been reached between the specific business structures.
According to the State Customs Committee, in January-August export of Azerbaijani goods to Bulgaria amounted to $ 166,500, and imports amounted to $ 17.12 million. --17D-
Economics
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