Economic relations between Bulgaria and Serbia: Current state and opportunities

Abstract

The main goal of this paper is to make a survey of the current state of the economic relations between Bulgaria and Serbia and to outline some recommendations for their future development. The analytical framework is based on a desk research of the economic cooperation between both countries and a study of several European projects in which they participate. Statistical data and information from official documents of the governments of Bulgaria and Serbia, as well as documents of the European Union have been used. The author does not aim to make just a comparative analysis but rather to look for the points of intersection of the mutual interests of both countries. The findings of the research enable the evaluation of the depth of economic cooperation between Bulgaria and Serbia and give grounds for conclusions about the prospects for expanding of their economic ties.

Keywords

• bulgaria
• serbia
• economic cooperation
• foreign trade
• regional projects