The economic partnership between Bulgaria and Armenia is gaining momentum.

Minister of Economy and Industry Petar Dilov met with the Armenian Ambassador to Bulgaria H.E. Tsovinar Ambartsumyan to discuss deepening the economic partnership between Bulgaria and Armenia. They both emphasized the sustained trend of activating trade relations in recent years, but noted that the current trade and investment do not correspond to the existing potential for development.

Minister Dilov pointed out that Armenia is among the important foreign economic partners of our country. According to data from the Armenian side, the bilateral trade turnover for 2024 amounted to $122 million, with a 2% increase recorded in the first four months of 2025. Armenian Ambassador Ambartsumyan stressed the importance of the historical and cultural closeness between the two peoples as a basis for expanding the partnership.

Minister Dilov and Ambassador Ambartsumyan discussed the opportunities for activating the activities of the Armenian Chamber of Commerce in our country, as well as the holding of bilateral business forums. They agreed that cooperation can be expanded in promising sectors such as transport, communications, information technology, tourism, and other areas of mutual interest.

Minister Dilov emphasized that Bulgaria maintains and strengthens one of its main competitive advantages - the stable macroeconomic environment. The priorities in economic policy are aimed at increasing investments for technological development in high value-added manufacturing and services.