ТОРГІВЕЛЬНО-ЕКОНОМІЧНЕ СПІВРОБІТНИЦТВО МІЖ УКРАЇНОЮ ТА БОЛГАРІЄЮ

Abstract

This article examines the potential for cooperation between Ukraine and Bulgaria in trade, economics, and investment. However, Ukraine has recently faced unprecedented large-scale problems, including a full-scale invasion that has displaced millions of Ukrainians across Europe. Despite these challenges, the authors maintain that trade, economic, and investment partnerships with Bulgaria remain relevant and important for Ukraine's economic and social development. To assess the prospects for future cooperation, the study uses data from various sources, including the National Bank of Ukraine, the Bulgarian People's Bank, the Bulgarian Investment Agency, the Embassy of Ukraine in Bulgaria, and Diia. The authors analyze the investment basis for both countries and highlight the main areas of cooperation between the two nations over the past two years. Firstly, the authors note that the scope of the customs regime is an important consideration in developing economic partnerships between Ukraine and Bulgaria. Since Ukraine is moving towards integration with the European Union, customs cooperation with Bulgaria can facilitate trade between Ukraine and other EU countries. The authors also point out that the ongoing COVID-19 pandemic has created additional challenges for economic cooperation between Ukraine and Bulgaria. Secondly, the authors analyze the investment basis for both countries. They note that Bulgaria is among the top 20 countries investing in Ukraine, with investments mainly focused on the energy sector. Ukrainian investments in Bulgaria are mainly in the food and agriculture sector. The authors suggest that expanding investment in these sectors could further promote economic cooperation between the two nations. Overall, the article provides a comprehensive analysis of the potential for trade, economic, and investment partnerships between Ukraine and Bulgaria. The authors argue that despite the challenges facing Ukraine, effective diplomacy is essential for building partnerships with other nations. They suggest that expanding economic and investment cooperation with Bulgaria could have significant benefits for Ukraine's economic and social development.