site.btaPresident Radev Meets with Munich Business Representatives

President Rumen Radev highlighted the prospects for further expansion of the economic partnership between Bulgaria and Germany at meetings with Munich business representatives, the head of State's press centre said on Saturday. The President is on a visit to the German city to attend the Munich Security Conference.

During a meeting with representatives of the Federal Association for Economic Development and Foreign Trade, which was also attended by Foreign Minister Georg Georgiev, Radev highlighted the positive trend in the economic and investment Bulgarian-German cooperation, an indicator of which is the sustainable trade in goods, which for another year reached EUR 12 billion annually with a positive balance for Bulgaria.

The President highly appreciated the investments from Germany in Bulgaria both for contributing to the creation of new jobs in the real economy and production, but also for the implementation of new business and management models for the development of links between science and education with the economy, the release said.

During the talks, the automotive sector, the production of machinery and equipment, electronics and high technologies, including the creation of software, were identified as particularly promising areas for bilateral partnership. There was a common position that the relations between Bulgaria and Germany, built and developing on the basis of mutual trust, are of common interest and strengthen the potential for overcoming economic crises.

In Munich, Radev also held a meeting with the President of the Federation of German Security and Defence Industries, Armin Papperger, during which he expressed Bulgaria's interest in joint cooperation in this field.