Katsav boosts business, Jewish ties with Bulgaria

Israeli President Moshe Katsav and Bulgarian counterpart Georgi Parvanov said Monday that their countries must do more to boost economic ties and promote two-way investment. "Bulgaria and Israel have good traditions in cooperating in spheres as agriculture, food industry, tourism ... but there are many other opportunities," Parvanov told a forum of senior businessmen of 15 Israeli and 80 Bulgarian companies. Katsav said that Bulgaria's future European Union entry - scheduled for January 1 - offered a serious incentive for Israeli investment. During Katsav's visit, Bulgarian and Israeli government officials signed an agreement for visa-free travel between the two countries. The deal is expected to take force by the autumn.