The economic Relations between the Balkan Countries and Rwanda (with a Focus on Bulgaria): Current Trends and Future Opportunities

Eduard Marinov

doi:10.70970/d9578v47

Authors

Prof Eduard Marinov New Bulgarian University Author

DOI:

https://doi.org/10.70970/d9578v47

Keywords:

Economic Collaboration, Trade Dynamics, Bulgaria-Rwanda Relations, Balkan-SSA Trade

Abstract

This paper explores the economic relationship between Bulgaria and Rwanda within the broader context of Balkan interactions with Sub-Saharan Africa. It analyzes current trends and identifies potential growth opportunities through detailed statistical data on bilateral trade. Rwanda's Vision 2050 agenda, aimed at fostering economic transformation and sustainable development, aligns well with Bulgaria's strengths in technology, agriculture, and renewable energy, creating a conducive environment for meaningful collaboration. Despite the modest volume of bilateral trade, recent years have shown an upward trajectory, with Bulgaria emerging as a leading player among Balkan countries in trade with Rwanda. Insights from an in-depth interview with a Bulgarian entrepreneur developing a residential complex in Kigali highlight the challenges and opportunities faced by businesses in this evolving partnership. By examining key dimensions such as trade dynamics and potential sectors for collaboration, this paper aims to illustrate the prospects for robust economic cooperation that benefits both nations. Ultimately, through strategic initiatives and investment in knowledge exchange, Bulgaria and Rwanda can leverage their unique strengths to drive economic progress and foster regional stability in a changing global landscape.

Author Biography

Prof Eduard Marinov , New Bulgarian University

Prof Eduard Marinov is a distinguished Bulgarian economist. He holds a Doctor of Economic Sciences
degree (New Bulgarian University, 2024) and a PhD in International Economics (Varna Free University, 2015), and advanced degrees in International relations, EU law and Public administration. An award-winning scholar, he is currently an Associate Professor at the New Bulgarian University and the Economic Research Institute at the Bulgarian Academy of Sciences, Guest Lecturer at Sofia University and Executive
Director of the Public-Private Partnership Institute. His research explores international economic relations, emphasizing trade integration theory and trends, particularly concerning Bulgarian foreign trade, Sub-Saharan Africa, and EU integration. He is also researching economic development in Africa and the continent's interactions with the EU. His interests also extend to regional development, contemporary economic theories, and innovative pedagogical practices like gamification.
He teaches a wide array of subjects, including Microeconomics, Macroeconomics, International Trade, Development Economics, Geoeconomics, Strategic Marketing, etc. His academic repertoire includes developing courses such as Introduction to Economics and European Integration Policies.
He has authored over 140 publications and has over 250 citations in international academic literature. His works are recommended reading in universities across Europe and Africa. Eduard has managed numerous research projects and is currently the NBU within the European Reform University Alliance (ERUA). He has attended over 100 international research forums. Eduard is a member of several scholarly associations and serves on editorial boards of notable economic journals. He frequently participates in media discussions on economic topics. His scientific awards include diplomas from the Union of Scientists in Bulgaria for his dissertation and a project on Bulgaria's trade relations with Sub-Saharan Africa.

The economic Relations between the Balkan Countries and Rwanda (with a Focus on Bulgaria): Current Trends and Future Opportunities

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