In a report to First Secretary of the Central Committee of the Bulgarian Communist Party, Todor Zhivkov, the Minister of Foreign Trade, Georgi Kumbiliev, reviews Cuba’s need for weapons and credit. Kumbiliev relays a weapons request for Latin American revolutionary movements and an extension of financial assistance to Cuba. Kumbiliev advises Zhivkov to respond to the Cuban government’s requests and consider providing surplus Bulgarian weapons free of charge and extending a 5-year-term loan to Cuba starting 1 Jan 1963.

In Resolution NO. 136, the Central Committee of the Bulgarian Communist Party establishes diplomatic relations with Cuba; sets the goal of establishing and expanding political, economic, and cultural relations with Cuba; and proposes an invitation for Raul Castro to visit Bulgaria. The resolution includes a report drafted by Minister of Foreign Trade Georgi Kumbiliev, on behalf of Todor Zhivkov, to Prime Minister Anton Jugov. Kumbiliev reviews Cuba's interest in a trade agreement with Bulgaria and provides background information about Cuba's trade agreements with other socialist countries, specifically Cuba's export of sugar and import of petrol and agricultural machines.

Resolution of the Bulgarian Communist Party to establish diplomatic relations with Cuba. A report is presented which describes current Cuban economic and trade relations with the Soviet Union, as well as Poland and Czechoslovakia.