Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria and Montenegro seek to broach new territory in bilateral economic relations

The President of Montenegro Filip Vujanović paid a visit to Bulgaria this week. Prime Minister Milo Đukanović was also here three months earlier. The frequency of such high-level visits is an indication that mutual interest in promoting the relations between the two countries is running high.

The talks between President Vujanović and his Bulgarian counterpart Rossen Plevneliev and between Milo Đukanović and Prime Minister Boyko Borissov at the end of March focused on Sofia’s political support for Montenegro’s Euro-Atlantic integration and the prospects of promoting bilateral cooperation, especially in power generation. During both visits the emphasis fell on the potentiality of Bulgaria’s exporting electricity to Italy along a future high-voltage cable connecting Montenegro with Italy. Talks on this were first held in 2011 but now that the project looks like being finalized and the cable should be made operational in 2018, the issue is once more being brought into the spotlight. The two countries’ presidents discussed the intention of Bulgarian companies to take part in the construction of hydroelectric power plants in Montenegro, of the Kotor-Lovcen-Cetinje ski lift and other infrastructure facilities, the invitation for which has already been tendered. Vujanović stated he regarded Bulgaria’s interest in his country’s energy sector as a positive development adding that he expected similar interest in tourism, including bilateral projects that will draw tourists from third countries to Bulgaria and Montenegro. On his part, President Plevneliev urged Montenegro to show an interest in projects on the territory of Bulgaria. The statements made are an indication that the level of political dialogue is just as good as before but that no headway has been made in trade or economic relations which are far from the real potential of the two countries and from the levels of exchange with the other countries of Southeast Europe. There exist untapped opportunities connected with EU funding for improving connectivity in the region. These problems are likely to be included in the agenda of the next meeting of the Joint Committee on Economic Cooperation due in Sofia.

English version: Milena Daynova 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

CITUB calls for the introduction of a national subsistence wage

The leadership of the Confederation of Independent Trade Unions in Bulgaria (CITUB) insists that a national subsistence wage be introduced in Bulgaria, with the minimum wage in the country reaching at least 80% of the subsistence wage by 2027. According..

published on 12/13/24 10:35 AM

Export to EU and non-EU countries declines

In the period January - September 2024, exports of goods from Bulgaria to the EU decreased by 3.6% compared to a year earlier and amounted to 20.895 billion euros. The main trading partners are Germany, Romania, Italy, Greece and..

published on 12/12/24 1:23 PM
Caretaker Minister of Energy Vladimir Malinov

Shell to explore for oil and gas in the Black Sea

Shell Exploration and Production (96) B.V , a subsidiary of Shell, will explore for oil and natural gas in Block 1-26 Khan Tervel, located in Bulgaria's exclusive economic zone in the Black Sea, announced Bulgaria's caretaker Minister of Energy..

published on 12/11/24 6:22 PM