Bulgarian President Rosen Plevneliev met representatives of businesses in Bavaria on a trip to Munich Friday, with the two sides pinpointing priorities for future cooperation.

Plevneliev and Chamber of Commerce and Industry for Munich and Upper Bavaria CEO Peter Driessen expressed satisfaction at the increased trade exchange between Bulgaria and Bavaria.

Bioagriculture, the food industry, tourism, machine industry, information and communication technogies, as well as clusters were singled out as top areas for future cooperation, according to a release by the Bulgarian President’s office.

Bavarian commerce chamber chair Driessen stressed that conitnuity, political stability and further reforms in Bulgaria are key for the country’s economic good.

He also brought to attention the Bavarian experience, which he said has seen family ventures at the basis of the federal state’s economic success.

Driessen further allayed fears of an alleged migrant wave from Bulgaria, saying the level of unemployment of Bulgarian citizens in Germany is only 7.4%, compared to a national rate of 7.7% and an unemployment rate among foreign citizens in the country at 14.7%.

The Chamber of Commerce and Industry for Munich and Upper Bavaria extended an invitation to Bulgarian businesses to take part in the upcoming International Fair in Munich.