NEWS

Rumen Radev and Sergio Mattarella: Investments and Trade of EUR 7 billion Are an Indicator of the Excellent Political Dialogue and Pragmatic Cooperation between Bulgaria and Italy

2023-10-07 09:13:00

The excellent political dialogue and the pragmatic bilateral cooperation between Bulgaria and Italy have real measures in the field of investments and bilateral trade, which reached EUR 7 billion last year. This was the common position of the Presidents of Bulgaria and Italy Rumen Radev and Sergio Mattarella, who held talks in Porto on the sidelines of the Arraiolos summit.
 
The two noted that there are all the prerequisites and significant potential for even more active economic cooperation and development of joint projects between Bulgarian and Italian businesses in various fields. President Mattarella reaffirmed Italy's strong support for Bulgaria's accession to Schengen, including in terms of further promoting tourism and communication between the citizens of the two countries. For his part, President Radev expressed satisfaction with Italy's commitment to the work on the Transport Corridor 8 project, which is of strategic importance for regional connectivity.

Rumen Radev highly appreciated the partnership of Bulgaria and Italy in the development of the air ambulance system in Bulgaria. The first delivery of specialised helicopters from Italy will be made in the coming months. The Bulgarian society is looking forward to the implementation of this project, which opens favourable opportunities for further expansion of the partnership in the aviation industry, Rumen Radev further noted.
 
The bilateral cooperation in the defence sector, the modernisation process of the Bulgarian army, the holding of joint military exercises, as well as the excellent partnership between the Bulgarian and Italian servicemen in the NATO battle group in Bulgaria, in which Italy is a framework country, were also highlighted during the meeting.  
 
Another highlight was the deepening of cooperation in the field of culture, education and academic exchange.
 
Rumen Radev invited Sergio Mattarella to visit Bulgaria soon with a view to further developing the bilateral dialogue and the partnership relations between the two countries. In 2024, Bulgaria and Italy will celebrate 145 years of diplomatic relations.

MORE FROM NEWS

Head of State Honoured the Ambassador of the Republic of Argentina to Bulgaria with the Order of the Madara Horseman, First Class

9 March 2026 | 16:04
In her greeting, the head of state highlighted the professional experience and fruitful work of Ambassador Meyer in Bulgaria, and in her words, his efforts have encouraged cultural and educational ties between the two peoples

The President Discussed with Representatives of Bulgarian Organisations in Moldova the Development of Taraclia Branch of Ruse University

6 March 2026 | 17:05
The focus of the talks was also the administrative-territorial reform in the country

The presidential institution is following developments in the Middle East with concern

28 February 2026 | 19:07
The President, as the supreme commander of the Armed Forces, is in constant contact with the relevant Bulgarian institutions and security bodies

President Iotova Discussed the Growing Hate Speech and the Retreat from Human Rights with the CEO of the American Jewish Committee, Theodore Deutch

14 February 2026 | 14:02
The growing hate speech and the retreat from human rights protection were among the main topics of conversation between Bulgarian Head of State Iliana Iotova and American Jewish Committee CEO Theodore Deutch. The two met on the sidelines of the 62nd Munich Security Conference.

ОТКРИТО УПРАВЛЕНИЕ

e-ДОКУМЕНТИ

BULGARIAN CHRISTMAS

SUPPORT A DREAM

JOHN ATANASOFF AWARD

CONSULTATIVE COUNCIL FOR NATIONAL SECURITY


Useful links