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700 People at the Amcham X-Mas Party 2009 issue 105 december 2009 Special Interview: Simeon Djankov: Bulgaria Is Ready to Enter ERMII Energy: Richard Morningstar Praises Bulgaria’s Energy Policy Events: AmCham Collects 20,000 Leva in Charity for 2009 Prime Minister Receives AmCham Board Members Foreign Minister Meets Chamber Before U.S. Visit Tax Seminar Explains U.S-Bulgarian Treaty 700 People at the AmCham X-mas Party 2009 American Chamber of Commerce in Bulgaria Business Park Sofia, Mladost 4 Area, Building 2, Floor 6, 1766 Sofia Tel.: (359 2) 9742 743 Fax: (359 2) 9742 741 homepage: www.amcham.bg e-mail: [email protected] AES is one of the world’s largest global power companies, with 2008 revenues of $16 billion and we own and manage more than $35 billion in total assets. With operations in 29 countries on fi ve continents, AES generation, production and distribution facilities have the capacity to serve 100 million people worldwide. We take leadership in the business of providing power in a safe and responsible way. We seek to continually improve the environmental performance of our businesses. In Bulgaria, Stara Zagora region the company constructs a 670 MW “AES Galabovo”, 1.2 billion euro Project. editorial Dear Reader, 2009 was the year of financial and economic crisis that shook not only the “world” but also the lives of practically every one of us. Bulgaria was no exception and certainly we all felt its consequenc- es. Furthermore, during these difficult times we also had a change of Government in the country. The change of power is a challenging process in any country as the new Government has to assess what it inherits and decide on how to move forward. To its credit the new Bulgarian Government declared an ambitious agenda that rests on the principles of honesty, trans- parency and open dialog with all stakeholders. This has been one of many encouraging signs that lead us to believe that the worst is behind us. AmCham Bulgaria has been an active and vocal partner to the new Government. We have had open discussions with the Prime Minister and Cabinet on the AmCham White Paper and Recommendations to the Bulgarian Government. And we are pleased to report that we share a common view on the majority of issues and a mutual understanding on how to address the critical challenges that our economy faces. The Chamber has already provided assistance on a number of measures and reforms that the administration has started to implement. We are further thankful that alongside the improved communication that has prevailed between the Government and the business community, there is also a very pragmatic approach the Government has taken in solving many of the issues that have confronted member companies for a long time. Over the past year AmCham was successful in further developing its networking capacities with “Meet the new members” gatherings, the traditional sports and fun events, and the CSR activities that our members have actively engaged in. Our achievements would not have been possible without the unwaivering support and commitment of all of you, AmCham members, and in particular Ambassador Nancy McEldowney, DCM Alex Karagiannis and Chargè d’Affaires ad interim Susan Sutton and Scott Pozil, the U.S. Commercial Counselor. We sincerely appreciate all you have done. In the holiday spirit I wish you a Merry Christmas and a very successful and healthy New Year! AmCham Bulgaria Magazine December 2009 December Magazine AmCham Bulgaria Sincerely, Anthony C. Hassiotis President page American Chamber of Commerce in Bulgaria 1 contents issue 105 december 2009 AmCham Bulgaria Magazine is a primary forum for political and economic analyses, news, viewpoints as well as for the presentation of new business oppor- tunities. The articles in the AmCham Bulgaria Magazine express the opinions of the authors and do not necessarily reflect the position of the American Chamber of Commerce in Bulgaria. Publisher Writers: American Chamber of Commerce in Bulgaria Boyko Vassilev, Marina Tzvetkova, Business Park Sofia, Mladost 4 Area Mina Georgieva, Panayot Angarev, Building 2, Floor 6, Sofia 1766, Bulgaria Yuliana Boncheva Tel.: +359 (2) 9742 743 Fax: +359 (2) 9742 741 Advertising e-mail: [email protected] AmCham Bulgaria: www.amcham.bg Nadejda Vakareeva, [email protected] AmCham Bulgaria Magazine: Editor-in-Chief Milen Marchev, [email protected] Milen Marchev Deputy Editor-in-Chief: The AmCham Bulgaria Magazine reaches a broad audience Christopher Karadjov of AmCham members, leading US, Bulgarian and internation- al companies, US and Bulgarian decision-makers, all Senior Editor: AmChams around the world. Irina Bacheva Subscription is free of charge. If you would like to subscribe to AmCham Bulgaria publications, please contact the ISSN 1312-935X AmCham Bulgaria office. 2 AmCham Magazine Bulgaria December 2009 amcham bulgaria Board of Directors of the American Chamber of Commerce in Bulgaria President Mr. Anthony Hassiotis Eurobank EFG Bulgaria Vice President Mr. Stefan Ivanov Citibank N.A. Vice President Ms. Tanya Kosseva-Boshova European Trade Center Contents Treasurer Mr. George Georgiev Motorola Bulgaria amcham events Members Mr. David Butts CMS Cameron McKenna Bulgaria Christmas Party Draws 700 . 4 Mr. Atanas Garov Colliers International Bulgaria Mr. Thomas Higgins Balkan Accession Fund thanksgiving Mr. Zachary Hampson Grenville Bulgaria Ms. Dana Leff Niedzielska PPD Bulgaria AmCham Collects 20,000 Leva Mr. Peter Lithgow AES Maritza East 1 in Charity for 2009 ....................... 8 Mr. Bernard Moscheni Vivacom money Ex-Officio Member Mr. Scott Pozil US Senior Commercial Attache Executive Director Valentin Georgiev Simeon Dyankov: Bulgaria Is Ready to Enter ERMII . .12 AMCHAM Members as of December 01, 2009 LIst . 3M (East) AG . AA KRES EOOD . Abbott Laboratories S.A. Accor Services Bulgaria . ACO Building Elements Ltd. ACSIOR Ltd. Adecco Bulgaria By Milen Marchev ltd. ADIS Ltd. Advance International Transport (Balkan) EAD . AECOM Bulgaria Branch . AES Corporation . AFA OOD . AIG Bulgaria Insurance & Reinsurance Company EAD . AIMS Human Capital . AIMS International Bulgaria EOOD . Air France Trade Representative . Alexander Hughes Bulgaria OOD . ALEXANDROV energy GROUP CORPORATION . Alfred C.Toepfer International . ALICO Bulgaria . All Channels Communication . Alliance One Tobacco Bulgaria . Allied Pickfords Bulgaria . Alter Ego Company . America for Bulgaria Morningstar Praises Bulgaria’s Energy Policy ......14 Foundation . American College of Sofia . American English Academy . American Resarch Center in Sofia . American University in Bulgaria (AUBG) . Anglo-American School of Sofia . Anton Preslavski, Liebert Hiross . AON Bulgaria . APOLO Ltd. Arco Capital Management LLC . Ashtrom International Ltd. Association Morningstar: Opera and Gas . 16 Integra-BDS . Astra Zeneca UK Ltd. AT Engineering 2000 Ltd. Auditing Company Versi and Partners Ltd. AVON Cosmetics Bulgaria . Axway Bulgaria EOOD . BAE Systems International Ltd. Balkan Accession Fund . Balkan News Corporation Plc. Balkan Star Automotive EOOD . Bayer Bulgaria EOOD . BC Serdon analysis . BCD Travel Bulgaria . Berlitz Schools of Languages . BG Radio . BICA International . BMG Ltd. BMW Vertiebs GmbH - Branch Bulgaria . Bodyguard-Fire-K Ltd. Borislav Boyanov & Co. Boyden Ltd. Domestic Economy Set For Recovery Braykov's Legal Office . British American Tobacco Bulgaria . Brown Forman Beverages Worldwide Sofia Branch LLC . Buchanan Associates Europe EAD . Bulgaria Platinum Group EAD . Bulgarian American Enterprise Fund . Bulgarian Charities Aid Foundation (BCAF) . Bulgarian Development Bank . Bulgarian Institute for Legal After Rapid Adjustment ....................18 Initiatives . Bulgarian Land Development EAD . Bulgarian Property Developments EOOD . Bulgarian VIP Travel Ltd. Business Park Sofia EOOD . CallPoint New Europe AD . Candole Partners EOOD . Car Rental The Haiku President and Bulgaria Ltd. Cefin Bulgaria EOOD (IVECO dealer) . Center for the Study of Democracy . Chelopech Mining EAD . Cheque Dejeuner Bulgaria Ltd. Chris Thompson, Independent Consultant . Cisco Systems Bulgaria . Citibank N.A. - Sofia Branch . City University of Seattle . Civitas Global, A Ketchum Affiliate . Complexities of Europe ....................20 Cleves EOOD . CMS Cameron McKenna EOOD . Coca-Cola HBC Bulgaria AD . Coface Bulgaria Credit Management Services EOOD . COLLIERS International Bulgaria . Construction Management Group . ConsulTeam By Boyko Vassilev Recruitment and Selection Ltd. Cook Communications . Corstjens Worlwide Movers Group . CPM Consultancy Sllc . Crystal Developments LLC . Curtis / Balkan Ltd. D&IC (Dun and Bradstreet Representative) . Dalkia Bulgaria EAD . Delchev & Partners Law Firm . Deloitte Bulgaria OOD . DENIMAR Ltd. denkstatt Bulgaria amcham meetings OOD . Dental Clinic Medical Dent Consult Ltd. Devin AD . DHL Express Bulgaria Ltd. Diageo Bulgaria Ltd . Diamed Ltd. Dimitrov, Petrov & Co. Djingov, Gouginski, Kyutchukov, & Velichkov . Dobrev, Kinkin Prime Minister Receives & Lyutskanov Law Firm . Domaine Boyar International AD . Dr. Emil Benatov & Partners . Dr. I.S. Greenberg Medical Center, Ellen Ruth Greenberg, Ph.D. DuPont Bulgaria EOOD . Economedia AD . EcoPack Bulgaria AmCham Board Members . 24 AD . EKO Bulgaria . Ekotoi - Service Ltd. Electron Progress EAD . Eli Lilly and Company . Elta Consult AD . Emerson Process Management AG . Emmis International . Emporiki Bank Bulgaria EAD . Enel Maritza East 3 AD . Enemona SA . Energo Service AD . Engineeringservice Sofia Ltd. Entrea Capital Foreign Minister Meets Chamber
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