NEWS

Head of State Rumen Radev discussed the opportunities for deepening the partnership between Bulgaria and Turkiye in the spheres of transport, energy, digital connectivity and defence at a meeting with the management of the Pasifik Teknoloji Company, which was also attended by representatives of the Ministry of Defence. The Head of State emphasised that Turkiye is an important neighbour, partner and ally of Bulgaria, and in recent years there has been an increasing dynamism in bilateral economic and trade exchanges and in a number of other areas. 

 

Rumen Radev said that the EU's strategy for the development of the Trans-Caspian international transport corridor (the so-called Middle Corridor) and the planned EUR 12 billion  investments open prospects for much more active cooperation in the development of supply chains to Europe. To this end, a more active communication between the business representatives of Bulgaria and Turkiye is needed for the implementation of projects of mutual interest. Our country is also interested in enhanced partnership with leading technology companies in the process of modernisation of the Armed Forces, including industrial cooperation and technology transfer.

 

The representatives of Pasifik Teknoloji stressed the importance of the development of the Trans-Caspian international transport corridor for the transfer of goods and energy resources to Europe, of which Bulgaria and Turkiye are part, which creates preconditions for the unification of efforts for the development of regional connectivity. The company is part of a holding company that operates in various sectors such as transport, logistics, construction, technology, energy, as well as in the production of advanced defence equipment. Companies from Pasifik Holding are already involved in the process of developing rail links within the Middle Corridor and are interested in collaborating with Bulgarian railways as well as with the ports of Varna and Burgas.

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