Middle East Economic Survey


No 19



Syria And Bulgaria Sign Debt Write-Off Accord

Syria and Bulgaria last month signed a number of cooperation agreements, under which the latter will write off $54mn of Syrian debt of $71mn owed to Bulgaria, Syrias Finance Minister Muhammad al-Husain has said. The minister added that the balance of $17mn will be paid under arrangements to be finalized at a later date. Syria in 2005 signed an agreement for debt relief with Russia covering...