The implementation of appropriate mechanisms to promote trade and facilitate market access could significantly increase bilateral trade between Bulgaria and Kuwait, said Deputy Minister of Economy and Industry Doncho Barbalov. He was speaking at a meeting with Aseel Suleiman Al-Munifi, Undersecretary of Kuwait’s Ministry of Finance, the Bulgarian Economy Ministry reported on Thursday. The meeting was held during the Deputy Minister of Economy’s visit to Kuwait at the head of a business delegation participating in the 9th European Union-Gulf Cooperation Council Business Forum.
Barbalov noted that Bulgaria has the potential to increase its exports to Kuwait with products and services in the fields of pharmaceuticals, the food and beverage industry, tourism, information technology, and artificial intelligence. He noted that Bulgaria is successfully developing high-tech sectors and has the ambition to establish itself as a leading country in the region in the field of IT and AI.
As an important step towards intensifying cooperation, Barbalov proposed that a new session of the Joint Bulgarian-Kuwaiti Commission for Trade and Economic Cooperation be convened to outline specific guidelines for expanding relations. During the meeting, the possibility of organizing a joint business forum bringing together representatives of the governments and the private sector of both countries was also discussed. The event will provide an excellent platform for exchanging ideas and presenting the potential of Bulgarian business to Kuwaiti partners.
For her part, the Undersecretary expressed her satisfaction with the meeting and stressed that, after a certain slowdown in economic contacts, the current talks are an important step towards resuming and intensifying bilateral dialogue. Aseel Al-Munaifi pointed out that Kuwait is interested in cooperation in the fields of pharmaceuticals, higher education, and the resumption of tourist flights between the two countries.
During his visit, Deputy Minister Barbalov also met with Sheikh Salem Abdulaziz Al Sabah, CEO and member of the Board of Directors of the Kuwait Investment Authority (KIA), at which both sides expressed their readiness to work actively to promote economic ties, investment, and trade, as well as to expand contacts between entrepreneurs from Bulgaria and Kuwait.
During the 9th European Union-Gulf Cooperation Council Business Forum, the Bulgarian stand was visited by the Prime Minister of Kuwait, Sheikh Ahmad Al-Abdullah Al-Sabah. Deputy Minister Barbalov acquainted him with the potential of the Bulgarian economy and the opportunities for developing bilateral cooperation in the fields of trade, investment, innovation, and tourism. Deputy Minister Barbalov: Current Dialogue Important for Good Bulgaria-Kuwait Relations THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-11-06 15:47:00 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law