Black Sea trade making Bulgaria an attractive investment opportunity
Bulgaria's accession to the European Union has not only been positive for the economy in that country, but is a benefit to the whole Black Sea region, the Turkish minister of state has claimed.
Bulgaria is now the 'bridge' between Turkey and the EU which is good news for investors in the region as the EU can help provide stability to the emerging markets in the area.
Turkish minister of state Kursad Tuzmen said: "We think that Bulgaria's EU membership is an advantage for Turkey since the EU border has moved closer to Turkey."
The countries' relationship has also grown increasingly tight, with trade between the two boosting both economies.
Mr Tuzmen said at a Turkish-Bulgarian business forum that trade had tripled since 2002 and Bulgaria's economy and energy minister Roumen Ovcharov expects the relationship to continue to develop. He projected that Bulgarian-Turkish trade would reach $4 billion (£2 billion) this year, rising to $8 billion (£4 billion) by 2010.
The Black Sea region is also moving forward in terms of infrastructure development with Bulgaria signing a contract to build a second Danube bridge. The bridge will boost trade with Romania as well as improving transport links between the Black Sea and central Europe.
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