Minister of Economics Andrej Vizjak and the deputy Bulgarian Minister of Economics Kornelia Ninova signed in Sofia on Wednesday, 10 May a memorandum of cooperation between the two ministries.

The memorandum will allow the formation of a Slovenian-Bulgarian commission tasked with seeking out new opportunities and upgrading the existing economic cooperation between the two countries, Vizjak said.

Talks between the pair were also aimed at problems faced by Slovenian companies in Bulgaria, namely with power delivery, treatment of products by pharma company Krka and problems with business insurance policies, according to Vizjak.

Vizjak, who visited Bulgaria alongside Prime Minister Janez Jansa and representatives of over 50 Slovenian companies, also attended a Slovenian-Bulgarian business forum, jointly opened by Jansa and his Bulgarian counterpart Sergei Stanishev.

According to data by the Chamber of Commerce and Industry of Slovenia, trade between the countries totalled EUR 131.2m in 2005, with Slovenian exports reaching EUR 86.3m.

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