29 April 2025 | 17:05
The President addresses the participants in the business forum accompanying the regional initiative
NEWS
President Rumen Radev and Saudi Foreign Minister discuss prospects for the development of economic cooperation between Bulgaria and Saudi Arabia
2023-09-21 08:36:00President Rumen Radev and Foreign Minister, Prince Faisal bin Farhan Al Saud, discussed cooperation between Bulgaria and Saudi Arabia in the economy, energy and high technologies at a meeting in New York. The head of state expressed his appreciation for the large-scale initiative for the development and modernisation of Saudi Arabia Vision 2030 and noted the opportunity and capacity of Bulgarian companies to participate in this process.
The two concurred that Bulgaria and Saudi Arabia can collaborate in the high-tech sectors, scientific research, and defence. The holding of the first meeting of the Joint Economic Cooperation Committee between Bulgaria and Saudi Arabia will provide an opportunity to identify specific areas and projects of mutual interest, it was stressed during the meeting.
President Rumen Radev also expressed Bulgaria's interest in alternative supplies of crude oil after the expiry of the waiver on oil imports from Russia.
MORE FROM NEWS
29 April 2025 | 17:05
President discusses energy diversification in Southeast Europe with US Energy Secretary Chris Wright
29 April 2025 | 16:04
Over the past 10 years and against the backdrop of recent crises in Europe, the Three Seas Initiative has proven its relevance in promoting reliable connectivity, the president says in Warsaw
29 April 2025 | 15:03
The two also discussed the possibility of strengthening the bilateral partnership in energy and underlined the importance of the Vertical Gas Corridor for energy diversification in South-East Europe