An economic and geographic analysis of Bulgarian – Portuguese foreign - economic relations

The extension of the European Union to the East and the forthcoming membership of Bulgaria in 2007 are sufficient reasons for the significance of the theme of this article. At first sight, the connections between Bulgaria and Portugal are remote; however, many similarities exist. Land area and population number are alike; although in different contexts they have a recent history of moving away from an authoritarian regime to democracy; and they are successfully trying to adapt to the Euro-structures. This article traces the development of diplomatic relations between the Bulgaria and Portugal, the recent increasing trade between them, and the basic goods involved in that trade. The author also investigates the existing contractual and legal basis which regulates their relations. Particular attention is drawn to the fact that the since political relations between Bulgaria and Portugal are excellent, trade between the two countries should evolve positively. In this respect, it is advantageous for Bulgaria to use the Portuguese experience in former Portuguese colonies, and likewise Portugal should use the Bulgarian experience in trade with the former Soviet Union states. A brief analysis of Portuguese investment in Bulgaria and the exchange of tourists between the two countries is also conducted