Bulgaria - Turkey Merchandise Exchange to Reach USD 4 B in 2007Bulgaria - Turkey Merchandise Exchange to Reach USD 4 B in 2007
The exchange of merchandise between Bulgaria and Turkey is expected to reach USD 4 B in 2007, Bulgarian Energy Minister Rumen Ovcharov announced.
The exchange is likely to reach USD 8 B until 2010.
Bulgaria's energy minister and Turkey's Minister of State Kursad Tuzmen came to this agreement on Thursday. The prognosis was announced in the framework of the 17th session of the Bulgaria-Turkey intergovernmental committee for economic and technical cooperation.
Minister Tuzmen underlined that the direct investments of Turkey in Bulgaria are already amounting to USD 600 M and they could run up to USD 1 B in 2010.