NEWS

The reforms Bulgaria is undertaking to join the Organisation for Economic Cooperation and Development (OECD) are as significant for our country as membership itself. This is what President Rumen Radev said at a meeting with OECD Secretary General Mathias Cormann. The two held talks today within the Delphi Economic Forum. 

 

President Radev stressed that Bulgaria's accession to the OECD is a key foreign policy goal for our country, which all responsible institutions are working consistently to achieve. Bulgaria has already completed 11 out of the 25 OECD accession reviews and is working towards the successful completion of the remaining ones by the end of the year. 

 

For his part, Secretary General Cormann said that he shared the assessment of Bulgaria's good progress and noted that all three EU member states applying for OECD membership have the opportunity to finalise their reviews by the end of the year. He confirmed that the OECD Secretariat would continue to support the applicant countries within its capacity. 

 

During the meeting, opinions were exchanged on the dynamics of the world and a general assessment was expressed that the tariff war, which is escalating by the day, will inevitably have social and economic consequences.

In his speech, the president pointed out that Bulgaria highly values its relations with Iraq, which is an important partner in the Middle East region

Taking advantage of their geostrategic position, Bulgaria and Georgia have the potential to deepen their connectivity in various areas such as transport, energy, and the digital sector, which will contribute to promoting the economy, investment, and prosperity in the Black Sea region. This was stated by President Rumen Radev, who held a meeting with the Speaker of the Parliament of Georgia, Shalva Papuashvili.

The two were unanimous that restoring peace in Europe through diplomacy is a priority for the EU and the only way to ensure the long-term security and stability of the Old Continent.

The President recalls that the institution of the Special Commercial Administrator (SCA) was introduced by an Act adopted in 2023, which also established a number of safeguards against potential abuse and arbitrariness — safeguards of the kind already adopted in other European states faced with similar circumstances, with the objective of minimising the risk of subsequent financial claims against the State