The two neighbour countries Bulgaria and Turkey maintain vigorous economic relations. Turkey ranks fourth in terms of trade with Bulgaria (after Russia, Germany and Italy) and first among Balkan countries.
Some 11.4 per cent of Bulgarian exports and 6 per cent of Bulgarian imports are with Turkey. In 2006, bilateral commodity exchange increased further by 31.1 per cent, compared with the previous year, reaching 3,079 million US dollars, with a trade surplus for Bulgaria amounting to 333 million dollars. Bulgaria's trade with Turkey in 2007 exceeded 3,000 million leva.
The development of business between Bulgaria and Turkey in the following few years will be assisted by the completion of the Maritsa Motorway, which is scheduled to take place in the middle of 2009.
Turkey remains a very popular destination for Bulgarian tourists. Tourist visits from Bulgaria to Turkey in 2007 totalled 1.5 million. Visits of Turkish tourists to Bulgaria total 46,000, with the winter resorts of Borovets and Pamporovo becoming ever more popular among them, Bulgarian Consul General in Istanbul Evgeni Genev says.
Bulgarian-Turkish contacts at the regional level are becoming stronger. Haskovo, Kurdjali, Yambol and Bourgas work together with Turkish municipalities on a number of economic, environmental and tourist projects. Both sides believe that such cooperation has a great potential.
Bilateral cultural and scientific relations are developing very successfully.
Turkish Prime Minister Recep Tayyip Erdogan is expected in Bulgaria on March 27-28 at the invitation of his counterpart Sergei Stanishev. This is Erdogan's second official visit to Bulgaria after a visit he paid on July 6-7, 2004.
A Bulgarian-Turkish business forum will be held in Sofia on the sidelines of Erdogan's visit to Bulgaria. The sides are expected to discuss bilateral cooperation in the fields of the economy, trade, two-way investments and the prospects for their development.
Last Mod: 26 Mart 2008, 18:13