Bulgaria, Montenegro to Cooperate on SME Promotion

Bulgaria's government approved Wednesday a memorandum of understanding between Bulgaria's Executive Agency for Promotion of Small and Medium-Sized Enterprises and Montenegro's Directorate for Development of Small and Medium-Sized Enterprises.

The two sides are to cooperate on the organization of events promoting SMEs like exchange visits of entrepreneurs, arranging participations in business forums and seminars, commercial fairs, exhibitions and other activities enhancing the economic partnership between the two countries, according to a media statement of Bulgaria's Council of Ministers.

Meanwhile, Bulgaria's government approved a memorandum of understanding signed on May 29 between the defense ministries of Bulgaria and Iraq.

The document paves the way for enhanced interaction with a view to developing a long-term mutually beneficial bilateral partnership in the sphere of defense.

The MoU lists priority spheres like the security and defense policy, military education and training, the fight against terrorism, humanitarian operations, etc.