BCCI hosted an online event on “Business Opportunities for Bulgarian and Algerian Companies”, organized jointly with the Embassy of Algeria in Bulgaria and the Algerian Chamber of Commerce and Industry.
Mr.Tsvetan Simeonov, President of BCCI, greeted the participants and said that this event marks the beginning of the intensification of bilateral relations between Bulgaria and Algeria after the COVID-19 pandemic. He has noted that relations with North Africa are important for Bulgaria and are based on the good partnership over the years in the field of infrastructure projects, energy and water sources, etc. Mr. Simeonov expressed hope for intensification of bilateral relations, noting that bilateral trade between Bulgaria and Algeria had marked an increase in the years before the pandemic. The President of the Chamber has announced that a draft Memorandum of Understanding between the Algerian Chamber of Commerce and Industry and the BCCI on the establishment of a joint business council has been received and is to be signed soon.
H.E. Mrs. Baya Bensmail, Ambassador of the People’s Democratic Republic of Algeria, has noted that the meeting is held just on time to boost bilateral relations as this year marks the 60th anniversary of the establishment of diplomatic relations between the two countries. She informed about the legal reforms that have been undertaken in Algeria in recent years to ease the conditions for doing business in the country. Ambassador Bensmail highlighted the changes in the Foreign Investment Law, which is an additional incentive for the development of bilateral relations.
Kamel Hameni, Vice President of the Algerian Chamber of Commerce and Industry, said that Bulgaria and Algeria have traditionally good relations. Algeria’s strategic location makes the country a gateway for Europe to Africa. In this regard, Hameni suggested organizing regular virtual events and videoconferences, as well as bilateral sectoral meetings with business representatives from Bulgaria in order to intensify bilateral relations.
Blagovesta Dzhabirova, an expert in Economic Analysis and Policy at BCCI, presented Bulgaria’s main macroeconomic indicators, the country’s advantages and the costs of doing business. She has also focused on the activities of BCCI and the main services offered by the Chamber for the benefit of business.
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