Bulgarian PM to pay official visit to Egypt

Other News Materials 30 December 2008 21:48 (UTC +04:00)

Bulgarian Prime Minister Sergei Stanishev will pay an official visit to Egypt between Jan. 17 and 20 at the invitation of his counterpart Ahmed Nazif, local BTA reported on Tuesday.

According to an announcement of the Government Information Service, Stanishev, who will be traveling with a Bulgarian business delegation, will declare open a Bulgarian-Egyptian business forum during his visit, Xinhua reported.

The last few years have seen considerable invigoration of trade and economic relations between the two countries. Commodity exchange in 2007 stood at 92.5 million U.S. dollars, up 49 percent from 2006.

The results in 2008 are expected to be even better. In the first nine months of the year, bilateral trade totaled 86.4 million U.S. dollars, including 53 million dollars in Bulgarian exports to Egypt and 33.4 million dollars in Bulgarian imports from Egypt.

Bulgarian exports to Egypt include raw tobaccos, wheat and kaolin. Imports from Egypt are dominated by natural calcium phosphates and flat rolled products from iron and coke.