Lebanese companies have invested more than 40m euros in Bulgaria since 2008. These statistics were presented by Deputy Minister of Economy Alexander Manolev during a bilateral business forum in Beirut. The official opening of the event was attended by the President of the Republic of Bulgaria Rumen Radev and the Minister of Telecommunications and Chairman of the Federation of Chambers of Commerce and Industry of Lebanon Mohammad Shukair.

“In 2018, trade between Bulgaria and Lebanon is worth $ 175 million, which is an increase of over 20%,” said Deputy Minister Manolev. Imports from Lebanon have more than doubled, and Bulgarian exports exceed $ 80 million. e. “We see a prospect for increasing the export of Bulgarian goods,” said Alexander Manolev. According to him, trade should not lead us forward in our bilateral economic relations. “We must work to exchange experience in strategic areas, to launch long-term partnerships to enter third markets and, last but not least, to encourage investment between our two countries,” said the Deputy Minister of Economy.

Alexander Manolev is in Lebanon at the head of a business delegation including over 30 Bulgarian companies. The visit is part of the official visit of the President of the Republic of Bulgaria Rumen Radev to the Lebanese Republic.