Iran, Bulgaria set to ink co-op, investment agreements

Business Materials 7 July 2016 15:03 (UTC +04:00)

Baku, Azerbaijan, July 7

By Dalga Khatinoglu – Trend:

Bulgarian Prime Minister Boyko Borisov is set to leave for Iran the next week, Economy Minister Bozhidar Lukarski said.

Lukarski told Bulgarian newspaper ‘Standart’ that Borisov’s visit is scheduled for July 11-12, reports Sofia News Agency.

Two agreements are to be signed in Tehran between Bulgaria and the Islamic Republic during the visit.

One of the agreements is on cooperation of the two countries’ small and medium enterprises and the other deals with investment.

A memorandum of understanding (MOU) is also in preparation establishing a partnership of Bulgaria’s National Company Industrial Zones with the Iran Small Industries and Industrial Parks Organization, according to Lukarski.

The MOU’s draft was already approved by Bulgarian cabinet of ministers in June.

Iran’s Ambassador to Sofia Abdollah Noori said July 7 that Iranian investors are evaluating construction of a petrochemical plant in Bulgaria, while Tehran has willingness to export oil and gas to that country.

He added that Iran's cross-country gas grid is well-developed and it has been stretched to Turkey’s borders, IRNA quoted Noori as saying.

“So now, only Bulgaria's decision and signing a certain memorandum of understanding remain for further steps towards realization of Iran’s gas export to that country,” he said.