This month Bulgaria signed the agreement that transforms the EU-LAC Foundation into an international organisation. This makes Bulgaria the 54th signatory of this agreement.
Up to today eight Members have ratified the agreement, namely: Belize, Estonia, Finland, Hungary, Latvia, Lithuania, Nicaragua and Sweden. The threshold for entry into force of the Agreement Establishing the EU-LAC International Foundation is eight ratifications from each region.
The EU-LAC Foundation has been operating with a transitory status under German civil law since November 2011, yet the swift ratification of the Agreement will allow it to be recognised as a genuine bi-regional organisation and be better equipped for the fulfillment of its ambitious mandate.
Picture: National Theatre Ivan Vazov, Sofia