Bulgaria will open a branch of the “Angel Kanchev” University of Ruse in Taraclia and the investment agencies will cooperate more closely based on the agreement signed today at the 9th meeting of the Moldovan-Bulgarian Joint Intergovernmental Commission in Chisinau.
The commission is co-chaired by Energy Minister Victor Parlicov and Bulgarian Deputy Minister of Economy and Industry Irina Shtonova.
Bulgaria and Moldova reaffirmed their interest in strengthening bilateral relations, including in energy, with a focus on natural gas, oil products, and electricity. The two sides exchanged information on priorities in the energy sector and discussed ways to foster collaboration between public institutions and companies in various sectors.
According to the Ministry of Energy, although the bilateral trade regime is part of the Deep and Comprehensive Free Trade Area (DCFTA), Bulgaria ranked 11th among Moldova’s main trading partners worldwide, with a share of 1.8% of the total trade volume. The value of Moldova’s foreign trade with Bulgaria in 2023 amounted to $233 million. There are 176 enterprises with Bulgarian capital operating in the Republic of Moldova, with investments amounting to 118.5 million lei.
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Victor Parlicov welcomed the recent intensification of Moldovan-Bulgarian bilateral relations, as evidenced by the busy and diverse agenda of the Intergovernmental Commission meeting, which resumed its work after an eight-year break.
Taking into account the implementation of the objectives of the European Green Pact and the effective integration of Moldova’s energy market with the EU market, both sides agreed to examine opportunities for cooperation in the field of energy efficiency and renewable energy sources, development of electricity grids, their modernization and digitalization.