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Romanian President Basescu to Visit Bulgaria End Sept
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Romanian President Traian Basescu. Photo by EPA/BGNES
Romanian President Traian Basescu will make a visit to Bulgaria on 23 September, the first visit of a Romanian head of state in that country in the last seven years, the Bulgarian ambassador to Bucharest, said.
"We, in Romania and Bulgaria are in a process of expanding relations. In the last six years the volume of our commercial relations has grown 8 times," Ambassador Valentin Radomirski said, as cited by Romanian media.
"On the other hand many people know that 1 million Romanians come to Bulgaria annually. Few people know that 500,000 Bulgarians, which is much as population percentage, come to Romania annually," he added.
According to data of the Foreign Ministry in the last 10 years bilateral trade has seen a constant growth of the overall volume of bilateral commercial exchanges and a positive balance of trade.
As of 2008, the total volume of bilateral commercial exchanges exceeds EUR 2 B.
As of November 2009 there were 1,124 companies owned by Bulgarian citizens in Romania. The overall volume of Romanian investments in Bulgaria was EUR 251.33 M in September 2009.
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