Support The Moscow Times!

Trade With Bulgaria Up 50%

Russian-Bulgarian trade grew more than 50 percent last year, but Moscow still called for diversification of economic contacts, Foreign Minister Sergei Lavrov said Thursday after negotiations with Bulgarian Foreign Minister Nikolai Mladenov.

"Our trade grew more than 50 percent last year. We are glad that is so, but we would also like to diversify economic contacts and give more attention to large joint projects, high-tech cooperation and joint innovations," he said.

Energy and tourism make up the lion's share of the bilateral cooperation, Mladenov said. "We must broaden the list of joint areas because Bulgaria-Russia relations have an effect on EU-Russia relations and the Atlantic context," he said.


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.