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Bulgaria and Turkmenistan sign bilateral documents in four areas including transport

Bulgaria and Turkmenistan have signed bilateral documents in four areas of mutual interest – August 11, 2019

In the presence of Prime Minister Boyko Borisov, bilateral documents for cooperation between Bulgaria and Turkmenistan in the fields of transport, investment, youth and sport and foreign affairs were signed at Avaza.

Within the framework of the Fourth session of the Intergovernmental Bulgarian-Turkmenistan Commission for Economic Cooperation, an agreement on cooperation in the field of postal and electronic communications and information technologies was signed. The document focuses on the exchange of regulatory information, market principles and liberalization in the communications sector. The agreement provides for the possibility of signing contracts for direct cooperation between the telecommunications and postal operators of both parties.

A Memorandum of Cooperation has been signed between the Bulgarian Investment Agency (AIA) and the Ministry of Finance and Economy of Turkmenistan, which will be an important mechanism for stimulating and supporting business and will encourage investment processes in both countries. The AIA and the Ministry of Finance and Economy of Turkmenistan will intensify their cooperation in the field of investment projects, exchange of information for attracting investments, creation of new business partnerships in order to enter third markets and implement joint projects between the two countries.

In the field of youth and sport, the line ministries of Bulgaria and Turkmenistan have agreed to promote cooperation between sports institutions, sports federations and other sports organizations in the two countries in the field of excellence in sport; sports for all; sports science and sports medicine; the fight against doping in sports.

A Minutes from the Fourth Session of the Intergovernmental Bulgarian-Turkmen Commission for Economic Cooperation were also signed. It noted the agreements reached between the two parties during the session, including accelerated coordination and preparation for signing the draft Convention between the Government of Turkmenistan and the Government of the Republic of Bulgaria on the avoidance of double taxation in respect of income and capital taxes .

Apart from the work of the Intergovernmental Commission, a Cooperation Program was signed between the Ministry of Foreign Affairs of the Republic of Bulgaria and the Ministry of Foreign Affairs of Turkmenistan in the period 2020-2021. The program provides for political consultations between the two ministries and exchange of information of interest for development. of foreign policy dialogue and cooperation. The last political consultations between the Ministries of Foreign Affairs of the two countries were held in 2015. During the period covered by the Program, political consultations are planned on topics such as bilateral relations and prospects for their development, bilateral cooperation within the UN and other international organizations and current regional issues.

On the Bulgarian side, the documents were signed respectively by the Minister of Transport, Information Technology and Communications Rosen Zhelyazkov, the Executive Director of the Bulgarian Investment Agency Stamen Yanev, the Minister of Regional Development and Public Works Petya Avramova and the Ambassador Extraordinary and Plenipotentiary of the Republic of Bulgaria to Turkmenistan in Baku, Azerbaijan) Nikolay Yankov.

Source: Government of Bulgaria

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