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The delegation of International Bank for Economic Cooperation, headed by the Chairman of the Board Denis Ivanov, during the business trip to Bulgaria paid visits to relevant national ministries – Ministry of Economy and Ministry of Finance.
Bulgaria, being one of the largest shareholders of IBEC, occupies an important place in the long-term plans in all priority areas of development. The economic tasks similar to other member states, as well as relations between Bulgarian enterprises and eastern partners, open up new opportunities for the implementation of IBEC mandate as a multilateral development institution in the Bulgarian sector.
The main topic of negotiations at the Ministry of Economy was the Bank’s cooperation with the national development institutions subordinated to the Ministry, above all – Development Bank of Bulgaria, Bulgarian Export Insurance Agency (BAEZ), and the Executive Agency for Support of Small and Medium Enterprises.
According to Mr. Emil Karanikolov, the Government of Bulgaria believes that IBEC has great potential for even more active role in the development of the Bulgarian economy through cooperation with Bulgarian Development Bank, export-credit agency BAEZ and participation in state programs to support small and medium-sized businesses. The Minister also stressed the positive role of such channels for cooperation as bilateral intergovernmental commissions and business associations, promising assistance of the Bulgarian Government in promoting IBEC on these platforms.
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