PM Lures Armenia to Invest in Bulgaria

Bulgarian PM Boyko Borisov (R) and his Armenian counterpart Tigran Sargsyan. Photo by BGNES

Bulgaria can offer Armenia great economic opportunities and serve as its gateway to the rest of the EU, Prime Minister Boyko Borisov has stated.

During his visit to Armenia, Borisov pointed out that his country has the lowest taxes in EU, which, combined with its geographical proximity to Armenia, makes it great for investments.

On Tuesday, Borisov met with his Armenian counterpart Tigran Sargsyan. Both Prime Ministers admitted that the economic cooperation between the two countries is currently not sufficient, promising to increase it.

"We have a century-old history of cooperation, however today we've stressed with the Bulgarian PM that the level of economic cooperation isn't enough and that the relationship needs new risks," Sargsyan declared, as cited by Panorama.am.

Bulgaria's Sofia University and the Armenian State Pedagogical University signed a cooperation agreement during the Bulgarian delegation's visit.

Borisov's visit to the Southern Caucasus states comes on the invitation of the Prime Ministers of Georgia and Armenia, Nikoloz Gilauri and Tigran Sargsyan.

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