Bulgaria's government has inked the memorandum on tourism cooperation signed the institutions of the two countries in October.
The MoU is aimed at securing "sustainable development of the sector while considering local traditions and social values," the cabinet has said.
The two countries have confirmed the government-level commitment to expand ties between their tourism sectors "as a precondition for the creation of a favourable environment for deepening and making more active the bilateral cooperation in the field of tourism."
The MoU was signed on October 05 between the Bulgarian Tourism Ministry and the Saudi Commission for Tourism and National Heritage.
According to Georgi Duchev, executive director of the Bulgarian Association of Hotel Management Professionals, one-third of Bulgarian hoteliers are planning a modest price increase of about 10%
Bulgaria, Azerbaijan, Turkey, and Georgia have signed a Memorandum of Understanding in Baku, marking a new phase of regional collaboration focused on green energy
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase
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