ARMENIA, BULGARIA PLANNING TO HOLD ECONOMIC INTERGOVERNMENTAL COMMISSION'S SESSION

ARKA
April 30, 2008

YEREVAN, April 30. /ARKA/. Armenian Prime Minister Tigran Sargsyan and
Bulgarian Ambassador to Armenia Todor Staykov, who met on Tuesday,
expressed hope that it will be possible to hold Armenian-Bulgarian
intergovernmental commission's session on economic cooperation
and a bilateral economic forum as part of the session this fall,
governmental press office reports.

Premier and the ambassador pointed out that unlike political ties,
economic relations between the two countries are underdeveloped and
stressed the necessity to spur them.

Sargsyan said that the agreement on establishing Armenian-Bulgarian
intergovernmental commission on economic, scientific and technical
cooperation took force in February and added that Armenian members
of the commission will be named the next week.

National Statistical Service of Armenia says Armenian-Bulgarian trade
turnover grew 3.1 times in 2007 and reached $133.1 million.

Goods worth $45.6 million were exported from Armenia to Bulgaria
in 2007.

This result is 35.5 times greater than that of the previous year.

Bulgarian imports to Armenia grew 2.1 times from $87.5 million in
2006.