H.E. Asma Babush, Ambassador of Algeria to Bulgaria visited the BCCI and spoke with the President, Tsvetan Simeonov.
Ambassador Babush presented current economic information on economic reforms in Algeria. 3 years ago, a new Investment Agency was established in the country, working with similar partner organizations. About 43% of the country's trade is with EU countries. Cooperation is developing with Italy and Spain in the gas sector. There is good economic cooperation with Turkey. Algeria exports about 25% of its agricultural production. The country has a well-developed production of green hydrogen, and in this area it has a close partnership with Germany.
During the conversation, Ambassador Babush and President Tsvetan Simeonov agreed to organize a joint Algerian-Bulgarian economic forum to present the opportunities for doing business with Algeria, in September this year. A convenient date for both countries is yet to be determined, which the BCCI will inform about in a timely manner.