The Government of the Republic of Bulgaria and the Government of the Republic of Albania, hereinafter referred to as the "Contracting Parties."

Desiring to develop the economic cooperation between the two States,

Preoccupied to encouraging and creating favourable condition for investments of investors of one Contracting Party in the territory of the Other Contracting Party on the basis of equality and mutual benefit,

Conscious that the mutual promotion and protection of investments in accordance with the present Agreement stimulates the initiatives in this field,

HAVE AGREED AS FOLLOWS: