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InvestBulgaria Agency signs a Memorandum of Understanding with Bulgaria-Israel Chamber of Commerce and Industry

June 2, 2016


Deputy Executive Director of InvestBulgaria Agency (IBA) Madjide Ahmedova and the President of the Bulgaria-Israel Chamber of Commerce and Industry Mr Hristo Popov met on 2th Jun 2016 in the Bulgarian Chamber of Commerce and Industry and signed a Memorandum of Understanding.

The signing is an important mechanism for stimulating and supporting the business in Bulgaria and Israel and to be a base for developing of close trading relations and to lead to an increase of bilateral investments.

Cooperation agreement provides for an active interaction between the two organisations in terms of investments, exchange of information for potential business partners (companies from Bulgaria and Israel). The agreement provides the object of cooperation to be investment project (operating and planning), public statistic, analyses, results from market research and information about state regulatory measures.

The agreement also provides that both organisations should work together for development of a sustainable economy and to partner in a development of projects and programmes related to public and private partnerships. The mutual exchange of information for business forums and fairs will be a step ahead for the mutual attraction of investment in both countries.

InvestBulgaria agency and Bulgaria-Israel Chamber of Commerce and Industry are committed to periodically analysis of the results achieved and to develop new proposals for improving the quality knowledge exchange between the two organizations.