On the 26th of September 2016 the Bulgarian Industrial Association (BIA) and the Russian Agency for Small and Medium Business Support (RASMBS) have concluded a Memorandum of Cooperation. According to the agreement both parties will act towards finding new business partners, organizing business meetings and cooperate in the preparation and organization of joint events for the SMEs.
The agreement was signed on behalf of the BIA by Vice President Georgi Shivarov. “Bulgarian business has to have an open mind towards investments and doesn’t have to fear investing in new products, it has to look for new product niches and partners. Only a functional economy can keep young people in Bulgaria.” said Vice President Georgi Shivarov. The agreement was signed by the Deputy Director General of the RASMBS Alexander Ermoshin.