This is the first agreement with a foreign Ministry of Innovation that the Ministry of Innovation and Growth has signed, Minister Stoycheva said during the ceremony

The Ministry of Innovation and Growth of Bulgaria and the Ministry of Research, Innovation and Digitization of Romania signed today a Memorandum of Understating for Cooperation in the field of innovation, digitalization, start-up ecosystem, high-tech development, digital connectivity and research. The document was signed by Minister Milena Stoycheva and her Romanian counterpart Minister Bogdan Ivan in Bucharest. The ceremony was also attended by the ambassador of Bulgaria in Romania, His Excellency Radko Vlaikov.

“This is the first cooperation agreement with a foreign ministry that the Ministry of Innovation and Growth has signed. With it, we declare our long-term vision for the transformation of the region into an innovation hub with the leading role of Bulgaria,” said Minister Stoycheva. The memorandum is the result of the joint efforts of the Bulgarian and Romanian Ministers of Innovation in the last two months and the excellent partnership between the two departments.

The memorandum will promote interaction between Bulgaria and Romania in the field of deep technological innovation, the commercialization of the results of scientific research projects on the European Union market and on the world market, and the transfer of knowledge and technology. It will also support the development of solutions related to the transition to a circular economy of both countries, as well as to attract investment in high-tech services and products. The goal is to increase the competitiveness of Bulgaria and Romania through innovations aimed at the digital transformation of business to ensure the economic growth of the countries.

“This agreement symbolizes our commitment to share knowledge and work together to harness the power of technology to improve our societies. As neighbors and partners, Bulgaria and Romania have a unique opportunity to use their strengths and join efforts in the field of digitization and innovation,” said Minister Stoycheva. According to her, the development of technologies leads to the growth of the economy, increases its competitiveness and the quality of life of citizens.

“The signing of the Memorandum of Understanding and Cooperation between our ministries is a historic moment for Romania and Bulgaria as well. This is proof that we will work to achieve our common goals for the technological development of both countries. This will put Romania and Bulgaria in the leading positions in the region for innovation,” commented the Minister of Research, Innovation and Digitization of Romania, Bogdan Ivan.3