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Issue-46-February-2004.Pdf issue 46 february 2004 FinanceFinance inin FocusFocus TheThe EmbassiesEmbassies ofof MoneyMoney ChainChain ReactionReaction AreAre BulgarianBulgarian PoliticalPolitical PowersPowers Disintegrating?Disintegrating? LARBALARBA ActAct HelpsHelps BusinessesBusinesses new FendFend offoff GovernmentGovernment IntrusionIntrusion pages: EU Membership Sector Overview EU Membership AmCham Interview Balkans CardCard CostsCosts DearlyDearly Art American Chamber of Commerce in Bulgaria Business Park Sofia, Mladost 4 Area, Building 2, Floor 6, 1715 Sofia Tel.: (359 2) 9769 565 Fax: (359 2) 9769 569 homepage: www.amcham.bg e-mail: [email protected] editorial Dear Members and Friends, And the winner is... ...You, my dear reader. You are one of the select few in Bulgaria, and in the world, I am pleased that you have chosen to read AmCham Bulgaria Magazine. For the receiving a balanced, complete and good- first time in our 10-years history of the Chamber we are launching such a complete looking publication, chockfull of valuable and diversified publication. It is our aim to bring you the most interesting business- information – AmCham Bulgaria Magazine. related topics and coverage of issues in Bulgaria. It arrives at your desk for free, because its Our ambition is to transform the magazine into the preferred media for the English- mission is not to cash out on readers, but speaking audiences in Bulgaria. Businessmen, politicians and top-level decision instead help them make money. makers should find valuable information, a forum for discussions and opportunities to expand their knowledge on the business environment from our publication. In the world of print media what matters most is readers’ trust. Your trust. When it The success of the magazine will strongly depend on you, our members. It is not only comes to magazines, publishers habitually whether you will support the publication financially with advertising, which is by all put it that way, “Every month so many means a win-win proposition. It will matter primarily if you contribute with ideas and thousands, or millions, vote for us.” suggestion on how to make the edition interesting and useful, if you can provide us Readers don’t cast ballots, they put their with fresh news and insightful opinions, share your experience and expertise, let us in money where they trust it will do them on successful business practices and tell us about the best in your corporate life. most good. Month after month people The success of this new endeavor will also depend on our publisher. Outsourcing hand over their dollars, pounds or euros to the publishing of the AmCham Magazine is our new approach. After a long and the magazine of their choice, retaining the competitive review of different offers, the Chamber decided to outsource the mag- right to be informed. azine’s writing and production to Milen Marchev. The latter has been the most recent publisher of the magazine, and though we have been happy with the co- operation so far, we are looking forward to a new promising development. The cachet of АмCham Bulgaria Magazine is How will it look like from now on? even more complex and The new content of the magazine will include three main directions: responsible. We must • AmCham Events and Member News. This section will cover the current ver- win your vote with sion of the magazine, but in more detail. something more than • AmCham Business. Main business and social events of the month which are the usual cost-benefit somehow connected with AmCham activities will be included in this section. analysis of an attractive cover price vs. We will focus on legislation issues, political events, overview of key eco- interesting contents. The magazine is not nomic reforms, privatization, business opportunities, tax policy and finance, sold to you, but you are paying for every export and import regime, macroeconomic analysis and forecasts. issue much more than a dollar or two. You • AmCham Sector. Here we will report on a particular business sector every – our readers – provide AmCham Bulgaria month. Finance, information technologies, real estate, tourism, agriculture, Magazine with your knowledge, insights, infrastructure, energy, pharmaceuticals and so on will be covered in detail business skills, know-how, and experi- AmCham Bulgaria Magazine February 2004 February Magazine AmCham Bulgaria by expert opinions, with facts and figures, and best-practice examples. ences. You are giving us a lot, so the mag- azine can return it many-fold in the form of In conclusion I would like to remind you that the magazine is not the only AmCham well-written, interesting and useful texts medium and means of communication between us. You have the AmCham web site, that will inform you and promote your the Daily and the Yearbook. Please take advantage of all opportunities we are offer- endeavors. ing to inform you. Let us know about your successes and developments, promote your company and expand your contacts. I hope that this magazine will fulfill your If you want to host an event, discuss ideas for seminar or roundtable, seek an expectations and will be worthy of your page opportunity to organize a conference, sponsor a cocktail or just share opinions on time. I expect we will be winning your vote 1 how to increase member benefits, please contact our AmCham office. We have a month after month. very committed Board of Directors and a devoted AmCham team, whom I person- ally want to thank from my very heart for their effort and contribution. Since this is the first issue of the new edition for 2004, let’s wish success to this Very truly, endeavor and to all of us. Have a happy and prosperous 2004! Milen Marchev, Best regards, Editor-in-Chief, Valentin Georgiev AmCham Bulgaria Magazine Executive Director, AmCham Bulgaria contents Board of Directors of the American Chamber of Commerce in Bulgaria President Kenneth Lefkowitz Lefkowitz & Co./BalkanData Vice President Stefan Dimitrov Allied Pickfords Contents Treasurer Dennis Fiehler Bulgarian American Enterprise Fund Borislav Boyanov Borislav Boyanov & Co. David Hampson US Meds – Bulgaria Janet Heckman CITIBANK Roumen Mihailov 3M (East) AG Friedrich Niemann Hilton Sofia financial sector Georgi Randelov IBM Bulgaria Maria Shishkova AIMS Human Capital Elitsa Tsaneva Ideal Standard EastEuro Link Conference: Maria Vranovska Eli Lilly Economic Freedom is Vital Ex-Officio Member Reginald Miller US Commercial Attache for Successful Reforms Executive Director Valentin Georgiev by Irina Bacheva ...................................................................................... The Embassies of Money 3M (East) AG . AA KRES EOOD . ABB (Asea Brown Boveri) Ltd. AbC.R.O. - Bulgaria EAD . Abela Airport Services Ltd. Abrotea Bulgaria AD . Accor Foreign Banks in Bulgaria Services Bulgaria . Acsior . ACT Soft Ltd. Address Bulgaria Holding Stabilize the Financial System JSCo.- A real estate company . ADIS Ltd. AES Corporation . AFA OOD by Marina Tzvetkova ...................................................................................... 08 . Ahrend Profesionalni Interiery S.R.O. AIG Bulgaria . AIG Life Bulgaria . AIMS Human Capital . Albena Joint Stock Company . Alexandrov Ltd. There is a Substantial Support Allan Collautt Associates, Inc. Allied Pickfords Bulgaria . American Bar from the Banking Sector to the Economy Association and CEELI . American College of Sofia . American Construction An interview with Athanassios Petropoulos, Products JSC . American University in Bulgaria . Amylum Bulgaria AD . Executive Director of Bulgarian Post bank .............................. 11 Anglo-American School of Sofia . Anton Preslavski, Liebert Hiross . APIS - Hristovich Ltd. APOLO Ltd. Aries Commerce . Association of Bulgarian Broadcasters - ABBRO . AT Engineering 2000 Ltd. AUBG - Elieff Center . amcham event for Education and Culture. Avendi Ltd. AVON Cosmetics. Bulgaria. Ltd Balkan ES Team Ltd Balkan News Corporation Plc. Balkan Star Baxter Bulgarian National Bank Governor Expects AG . Bayer Bulgaria . BearingPoint LLC . BG Radio . BICD - International . 5.3% Growth of GDP............................................................................ 14 Bank for Commerce. and Development . Bodyguard-Fire-K. Ltd. Borislav Boyanov & Co. .Bristol-Myers Squibb BTC-NET Ltd. Bulgarian. American Enterprise Fund Bulgarian Charities Aid Foundation (BCAF) Bulgarian nominals Post Bank . Business Links . Business Park Sofia EOOD . Business to Business . CA IB Bulinvest . Cable Bulgaria . Carlson Wagonlit Travel . First Bulgarian Banknotes Cefin Bulgaria EOOD . Center for the Study of Democracy . Cilag AG Printed in England 125 Years Ago ..............................................16 International (Johnson & Johnson) . Cisco Systems Bulgaria . Citibank, N.A.- Sofia Branch . City University . Coca-Cola Bulgaria EOOD . Coca-Cola H.B.C. Bulgaria S.A. COLLIERS Continental Properties . Combi Trans amcham interview Bulgaria Ltd. Compass Translation Services . ConsulTeam . Contex Drouzhba Ltd. Corstjens Worlwide Movers Group . CPM International Ltd. LARBA Act Helps Businesses Fend . Cresta Marketing S.A. Curtis / Balkan Ltd. DeConi M&A . Deloitte off Government Intrusion & Touche . DHL International (Bulgaria) Ltd. Diageo Bulgaria Ltd . DIMON Bulgaria . Djingov, Gouginski, Kyuchukov, & Velichkov . Domaine Boyar AD Interview with Valeri Dimitrov, Chairman . Don & Co. Dow Europe GmbH Representation Office . Dr. Emil Benatov of Parliamentary Economic Policy Committee & Partners . Effekten Und Finanz - Bulgaria EAD . Eli Lilly
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