The Republic of Bulgaria and the State of Kuwait (hereinafter referred to as the "Contracting States");

Desiring to create favorable conditions for greater economic co-operation between them and in particular for investments by investors of one Contracting State in the territory of the other Contracting State;

Recognizing that the reciprocal promotion and protection under international agreement of such investments will be conducive to the stimulation of investors initiatives and will assist the expansion of economic relations;

Have agreed as follows: