Azerbaijan, Baku / Trend corr. I.Khalilova / Azerbaijan and Bulgaria signed three intergovernmental agreements, on economic cooperation, cooperation in antimonopoly policy and competitiveness, and a convention to avoid double taxation, in Baku on 12 November. The signing of the agreement was dated for the official visit of the Bulgarian Prime Minister, Sergey Stanishev.
The signed agreement will become the basis for development of economic cooperation between the countries, Stanishev said during his meeting with the Azerbaijani Prime Minister, Artur Rassizadeh.
"There is good political cooperation and dialogue between Azerbaijan and Bulgaria, but economic relations are at a low level," Stanishev said.
Turnover between Azerbaijan and Bulgaria made up $8-10mln, but was $3bln with Turkey and $4bln with Germany.
According to Rasizadeh, the Azerbaijani Government intends to increase economic cooperation. "The agreement signed today will cause an increase in economic cooperation between the countries. There are good conditions for implementation of joint projects as both countries demonstrate an interest in economic development, as well as the joining of Bulgaria to the European Union," Rasizadeh said.