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Investbulgaria Agency InvestBulgaria Agency December 2013 InvestBulgaria Agency issue 3 (3), year 1 Economic News - Business, Investments, Trade Analysis of Sector Investment Opportunities of Municipality Monthly Interview Chamber of Commerce in Bulgaria Electronic Publication Macroeconomic Indicators Upcoming Events MARRY CHRISTMAS AND A HAPPY NEW YEAR! Dear colleagues, friends and partners, We wish you a magical Christmas! Health and strength, warmth and kindness to you and your close ones! Let the new 2014 be gratifying, let it bring you a lot of success, optimism and faith! Thank you for being with us! Sincerely, InvestBulgaria Agency INVESTBULGARIA AGENCY Bulgarian tourism not only reveals the possibilities of Bulgaria as an attractive destination, but is increasingly becoming an investment field, which attracts new projects and investments Branimir Botev Deputy Minister of Economy and Energy In the period 1998 - 2000 he was a senior adviser and secretary of the Council of Administration at the Council of Ministers. Co-founder and Co-President of the Bulgarian- Belgian Association Best2Be between 2002 and 2004. He was Chairman of the Association of manufacturers, importers and retailers of alcoholic beverages in Bulgaria and member of the Board of the Confederation of European Spirits Producers (CEPS) - Brussels. Since 2013 he is a member of the Advisory Business Research Board at the Ministry of Agriculture and Food. Appointed Deputy Minister of Economy and Energy on July 22, 2013. Graduated French School "Alphonse de Lamartine" in Sofia and Master's degree in "Sociology", profile "Social Management" at Sofia University "St. Kliment Ohridski". InvestBulgaria Agency (IBA), 31 Aksakov Str., Sofia 1000 tel.: (+359 2) 985-5500, Fax: (+359 2) 980-1320 e-mail: [email protected], http://www.investbg.government.bg Issue 3 (3)/ December 2013 InvestBulgaria Agency Bulgarian tourism not only reveals the possibilities of Bulgaria as an attractive destination, but is increasingly becoming an investment field, which attracts new projects and investments. On a territory of only 111 thousand square kilometers, Bulgaria offers several internationally recognized tourist product: - Marine tourism - 378 km of Black Sea coast, of which 200 km coastline; - Mountain tourism - internationally recognized ski resorts with a total of more than 210 km of ski runs and five big mountains, 146 peaks higher than 2,000 m; - SPA and wellness tourism based on thermal mineral waters that pour 274 million liters a day - Cultural tourism - 43 thousand artifacts, in this indicator Bulgaria ranks third in Europe by artifacts from the Thracian civilization and Rome; - Eco tourism - preserved natural resources - 3 national and 11 natural parks, 89 reserves and 2234 natural attractions. In the second half of 2013 tourism emerged as a leading sector in the Bulgarian economy, during this period it increased from 12.5% to 13.6% of GDP, according to data from Eurostat and the World Tourism Organization (WTO). At the end of this year Bulgaria will achieve two absolute statistical records in the development of national tourism - 7 million foreign tourists will have visited the country and the revenues will exceed EUR 3 billion. The government clearly recognizes the role of tourism in the Bulgarian economy and aims to conduct a proactive policy, both on the target markets for Bulgarian tourism and to attract foreign investments to the Bulgarian tourism. Accordingly, a National Strategy for Sustainable Tourism Development to 2030 was prepared, which analyzes and indicate priorities in field, the trends of tourism products and services that Bulgaria offers, the necessary measures to optimize the investment process in tourism, etc. At the same time Council of Ministers took decisions № 705 on 11.14.2013 and № 668 on 04.11.2013 to establish working groups to conduct tourism policy and support the investment intentions, shown by leading investors towards Bulgaria, and especially mountain tourism. For the short period, in which the working groups have functioned, there are already announced investment plans for over EUR 1 billion, mostly in the mountain areas covering comprehensive services in this field - from whole-year, green tourism, through SPA tourism based on mineral springs, to ski areas in winter. A good example for an integrated approach is the construction of sport complex Kamchiya at the Black Sea, financed entirely by the Government of Moscow. In order to facilitate the investment process, the adoption of a special law for the development of mountainous and hilly areas by analogy with the French law "Loi Montagne" is envisaged. I believe that the joint efforts of government and business to achieve sustainable growth in tourism will lead to an efficient and responsible policy in the sector and will attract more international investments. Annual Awards “Investor of the Year” 2013 InvestBulgaria Agency (IBA) organized for the eighth time the annual awards "Investor of the Year" 2013. The aim of the event is to honor the most significant investment projects carried out in Bulgaria in 2013. Specially appointed committee will review all nominations and determine the companies that will be awarded at a ceremony in February 2014. page 2 of 26 InvestBulgaria Agency (IBA), 31 Aksakov Str., Sofia 1000 tel.: (+359 2) 985-5500, Fax: (+359 2) 980-1320 e-mail: [email protected], http://www.investbg.government.bg Issue 3 (3)/ December 2013 InvestBulgaria Agency EVENTS ORGANIZED BY IBA InvestBulgaria Agency met the business in Vidin The potential for economic development of Vidin and the region were discussed at a roundtable organized by the InvestBulgaria Agency (IBA) on 5 December in the building of Regional Administration Vidin. The meeting was attended by regional representatives, private investors, trade organizations in the face of Vidin Chamber of Commerce and representatives of Free Zone Vidin. At the beginning of the meeting, the Executive Director of IBA Svetoslav Mladenov presented the activities of the Agency, the large project "Promoting the advantages of investing in Bulgaria" and talked about the future plans of IBA in the regions. The discussion was very lively because of the desire and aspiration of the participants to affect key issues for increasing the potential of the region. Transport Corridors 4 and 7, the train connections, the favorable geographic location and good communications were derived as key advantages for investing in the region. It became clear that Free Zone Vidin now offers ready sites to accommodate local and foreign investors. The trend of rising unemployment and low-skilled workforce remains negative, which are one of the most important conditions that investors look for when initiating new projects. Solutions to these two key issues can be found again by investing in higher education and the establishment of specialized training centers in the region. During the discussion a project for making major infrastructure changes in the field of tourism was mentioned, which has the potential to find financing very quickly due to the increased interest in this sector at the moment. At the end of the year will be published an investment catalogue, aimed at informing potential investors of the business climate in different regions of Bulgaria, for which IBA urged attendees to assist with providing additional information to the completeness of the material. Svetoslav Mladenov announced that the Agency is ready to work actively with the Bulgarian municipalities for the conversion of Bulgaria as an attractive investment destination for foreign business. page 3 of 26 InvestBulgaria Agency (IBA), 31 Aksakov Str., Sofia 1000 tel.: (+359 2) 985-5500, Fax: (+359 2) 980-1320 e-mail: [email protected], http://www.investbg.government.bg Issue 3 (3)/ December 2013 InvestBulgaria Agency MEDIA FOR INVESTBULGARIA AGENCY The business wants tourism in four seasons Bulgarian Business Leaders Forum hosted a conference on "government and business in a conversation about tourism and investment", which was held in Burgas. Ambition of BBLF as an organizer was to provide a platform for constructive dialogue of all stakeholders - representatives of the tourism industry and related industries, local and central government that are relevant to the sector, know its problems and can offer suitable solutions. Moderator was Maxim Behar, a member of the Board of BBLF who opened the ceremony in the presence of over 100 guests – government officials and regional municipal administrations, representatives of the private business from Burgas, Varna, Sozopol and the region, and the media, with the words: "For its 15 years of existence the Bulgarian Business Leaders Forum organized many different initiatives that have contributed significantly to the development of the business. One of them was the signature of our Standard of business ethics. This leads us in Burgas today - ethics, transparency, the need to develop the business and the need for dialogue between government and business, because with no dialogue this important sector of the country could not develop." The conference began with a speech by Dimitar Nikolov, Mayor of Burgas, who confirmed that tourism is a powerful stimulus for the development of the region and said that the local government is very active in improving the quality of service and open to suggestions, recommendations and opinions from business structures. "In recent years we develop new segments - ornithological, cultural, rural, festival, archaeological, pilgrimage tourism and even wedding tourism. We also strive to improve the infrastructure," he added. IBA Executive Director Svetoslav Mladenov said that Burgas is among the cities that are good examples for both investment and infrastructure and tourism has enormous potential. According to him, the opportunities for tourism lie in the four seasons, attracting wealthy tourists and more work in the field of advertising, for which IBA is making significant efforts in recent months by issuing a monthly newsletter and an investment catalog. "I sincerely hope that a model of how investment can raise the living standard of the people can be made in Bulgaria in the next 10 years," he added.
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