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Serbia-Montenegro, Bulgaria to step up economic cooperation
Belgrade,
15 June 2004
Serbian Minister of Trade, Tourism and Services Bojan Dimitrijevic and Bulgarian Deputy Prime Minister Nikolay Vasilev met today to discuss ways to improve economic relations and cooperation in tourism.
Following the meeting, Dimitrijevic said that he expects the two countries to step up economic ties and Bulgaria to support Serbia-Montenegro’s efforts to join the European Union and NATO.
A free-trade agreement between Serbia-Montenegro and Bulgaria is expected to help the two sides boost the foreign trade volume which currently stands at some $400 million, said Dimitrijevic. The agreement should also allow for reducing Serbia-Montenegro’s $80 million negative trade balance with Bulgaria, he added.
The talks also focused on ways to improve cooperation in tourism, the minister went on to say, noting that Serbia-Montenegrin tourists spend around $250 million on their summer holidays in Bulgaria every year.
Vasilev said that the free-trade agreement will positively affect bilateral trade, adding that Serbia-Montenegro and Bulgaria are expected to see a $500 million foreign trade volume in two years.
Vasilev went on to say that Bulgaria will continue to support Serbia-Montenegrin efforts to integrate into European institutions, adding that he expects Bulgarian companies to start investing in Serbia-Montenegro in a few years. He also called on both sides to boost trade volume and tourist exchange to help reduce the trade deficit.
A free-trade agreement between Serbia-Montenegro and Bulgaria is expected to help the two sides boost the foreign trade volume which currently stands at some $400 million, said Dimitrijevic. The agreement should also allow for reducing Serbia-Montenegro’s $80 million negative trade balance with Bulgaria, he added.
The talks also focused on ways to improve cooperation in tourism, the minister went on to say, noting that Serbia-Montenegrin tourists spend around $250 million on their summer holidays in Bulgaria every year.
Vasilev said that the free-trade agreement will positively affect bilateral trade, adding that Serbia-Montenegro and Bulgaria are expected to see a $500 million foreign trade volume in two years.
Vasilev went on to say that Bulgaria will continue to support Serbia-Montenegrin efforts to integrate into European institutions, adding that he expects Bulgarian companies to start investing in Serbia-Montenegro in a few years. He also called on both sides to boost trade volume and tourist exchange to help reduce the trade deficit.
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