PM highlights importance of Bulgarian-Egyptian business council

Prime Minister Moustafa Madbouli on Tuesday highlighted the importance of establishing an Egyptian-Bulgarian business council, expressing hope that the move would mark the beginning of further cooperation between the two countries.

He made the remarks on the sidelines of signing a memorandum of understanding (MoU) with visiting Bulgarian President Rumen Radev at the headquarters of the General Authority for Investment.

In his speech, the premier said Egypt looks forward to fostering cooperation with Bulgaria in several projects, especially in light of great potential enjoyed by the private sector in the two countries.

For his part, the Bulgarian leader said he was proud to visit Egypt on top of a high-profile business delegation.

Radev pointed out that strengthening ties among countries requires the presence of a strong political will, which he sensed during his meetings with Egyptian officials, notably President Abdel Fattah El Sisi, the prime minister and the parliament speaker.

The high participation of Egyptian and Bulgarian business figures in today’s meetings reflects the private sector’s keenness in Cairo and Sofia to push forward bilateral relations, Radev added.

Meanwhile, the Bulgarian president lauded the social housing project implemented by the Egyptian government, saying Bulgarian companies should benefit from such successful projects.

Source: State Information Service Egypt