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Uzbekistan, Bulgaria plan to expand co-op

Uzbekistan Materials 19 May 2016 10:40 (UTC +04:00)
President of Uzbekistan Islam Karimov and Prime Minister of Bulgaria Boyko Borisov, who arrived in Uzbekistan on an official visit, discussed a wide sphere of issues of economic cooperation, prospective areas of interaction in industry, transport communications, tourism as well as establishment of modern joint industrial enterprises at the meeting
Uzbekistan, Bulgaria plan to expand co-op

Tashkent, Uzbekistan, May 19

By Demir Azizov- Trend:

President of Uzbekistan Islam Karimov and Prime Minister of Bulgaria Boyko Borisov, who arrived in Uzbekistan on an official visit, discussed a wide sphere of issues of economic cooperation, prospective areas of interaction in industry, transport communications, tourism as well as establishment of modern joint industrial enterprises at the meeting, Uzbekistan National News Agency reported.

Warmly greeting the guest, Karimov underlined that the first visit of the head of the government of Bulgaria to Uzbekistan is a significant event in the development of bilateral relations and a good opportunity to elevate mutually beneficial cooperation between the two countries to a new level.

Bulgaria is considered in Uzbekistan as a traditional and trusted economic partner and the Uzbek and Bulgarian peoples have had amicable relations for ages, Karimov said.

The parties noted that opening of a new high-tech joint enterprise Uzpristaoil founded by Uzbekneftegaz NHC and Bulgarian Prista Oil Company and specialized in deep processing and production of synthetic and semisynthetic motor oils in the Angren special industrial zone May 18 within the visit of the prime minister of Bulgaria is a vivid example of such mutually advantageous cooperation.

Borisov highlighted the high export potential of the new enterprise and remarked that the Navoi and Angren special economic and industrial zones in Uzbekistan, where unprecedented conditions for successful activity of foreign investors are created, present wide opportunities for implementation of new projects and allow Bulgarian companies to gain ground in the markets of Central, South and Eastern Asian countries.

During the meeting, the president of Uzbekistan conveyed his support for the economic policy of Bulgaria, main priorities of which are increasing the competitiveness of the economy, investments, development of entrepreneurship and small businesses.

During discussions the parties acknowledged the large potential for widening mutual trade. Uzbekistan is ready to offer the Bulgarian market a wide variety of industrial products, and also is interested in attracting high-tech products and equipment made in Bulgaria.

The parties also agreed to exchange business delegations in the nearest future to develop new prospective projects of joint cooperation in trade-economic and investment spheres.

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