Tuesday, June 24, 2008


SARAJEVO, Bosnia (June 24,2008) - Foreign ministers of Bosnia and Bulgaria, Sven Alkalaj and Ivailo Kalfin met yesterday in the Bosnian capital Sarajevo and agreed to intensify economic cooperation between the two countries and initiated organization of a business forum.

"We discussed organising a big business forum in Bosnia so that the Bulgarian companies can get to know on the spot the investment opportunities,” Kalfin said. He also said Bulgaria planned to increase the staff of its embassy in Bosnia by adding a trade and a military affairs attache.

Economic cooperation between Bosnia and Bulgaria does not catch up with political cooperation, stated Alkalaj and added that this business forum can help to improve this cooperation.

Alkalaj and Kalfin agreed to speed up the process of signing of agreements in the segment of investments and protection from double taxation and transport services. They also agreed that there are possibilities in economic cooperation in segments of metal and wood industry and tourism.

”There is a great interest in Bulgaria when it comes to investing in Bosnia and increase of trade exchange between the two countries”, stated Kalfin.

He added that Bulgaria will continue to support Bosnia on its road towards EU intergradations and welcomed the signing of the Stabilisation and Association Agreement (SAA) between Bosnia and the EU.

He supported the visa liberalization process and announced that Bulgaria will work within European processes on termination of visa payment for Bosnian citizens until the full visa liberalization.

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