Turkmenistan, Bulgaria develop agreement on mutual investment protection
Turkmenistan, Ashgabat, Sept. 2. / Trend H.Hasanov /
Turkmenistan and Bulgaria launched developing an agreement on mutual investment protection and avoiding double taxation as basic documents, a Turkmen official source said.
This agreement has been reached during Turkmen President Gurbangulu Berdimuhammedov's official visit to Sofia, where several international agreements were signed.
Particularly, an agreement on mutual abolition of visa program for owners of diplomatic and service passports and cooperation in tourism were achieved during the visit. Earlier, the parties undersigned a Memorandum on understanding on energy cooperation and intergovernmental agreements on economic cooperation.
The parties regard the cooperation in fuel and energy sector, agriculture, transport, construction and tourism as priority areas of cooperation. An intergovernmental commission was established to enhance the partnership.
Bulgaria is one of the countries interested in energy supply and transit from the Caspian Sea with realization of the Nabucco project. Besides Azerbaijan, Turkmenistan is one of the potential energy providers in this direction.
According to the Turkmen Economy and Development Ministry, the government registered 9 companies with the Bulgarian capital, which specialize in construction, consulting, organization of wholesale trade and distribution activities.
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