Bulgaria and Russia should launch joint manufacture of high-tech items and devices with high added value which can be sold in Russia, the EU and in third countries, Bulgaria’s Minister of Economy Bojidar Loukarsky said at a meeting with the Minister of Trade and Industry of the Russian Federation Denis Manturov. Minister Loukarsky came up with the specific proposal that those two countries should produce sea vessels together. The talks between Minister Loukarsky and Minister Manturov were held within the frameworks of the 20^th jubilee edition of St Petersburg International Economic Forum. Bojidar Loukarsky and his Russian counterpart also discussed opportunities for boosting bilateral trade between Bulgaria and Russia.