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November 2014 HIGHLIGHTS issue 10 (13), year 2 InvestBulgaria Agency – Investment forums 2014 Economic News - Business, Investments, InvestBulgaria Agency’s Trade Headlines from the European institutions Monthly Analysis of Sector Transport mechanical Online Publication engineering – automotive parts www.investbg.government.bg manufacturing Investment Opportunities of Municipality Sandanski Interview with Tomas Jindra, General manager of WITTE Automotive Bulgaria EOOD Chambers of Commerce in Bulgaria – Bulgarian-Korean Committee for economic cooperation Macroeconomic Indicators Upcoming Events INVESTBULGARIA AGENCY INVESTBULGARIA AGENCY PRESENTED THE INVESTMENT CLIMATE IN BULGARIA IN 10 CITIES AROUND THE WORLD Representatives of the international business community participated in the investment forums, under the motto "Bulgaria: Grow your business" From the 21st of October to the 20th of of Bulgarian Economy 2007-2013”. The initiative November 10 cities from 7 countries around the entitled "Bulgaria: Grow your business" was to world were talking about Bulgaria – the investment present Bulgaria as a place to establish and expand a opportunities, the business climate and its business, to invite potential investors to benefit competitive from the competitive advantages. advantages of the country, and those who InvestBulgaria have already invested, Agency (IBA) to expand their organized business. international Representatives of IBA investment forums and selected lecturers under the project visited Copenhagen, "Promoting the Stuttgart, Hannover, advantages of Geneva, Beijing, investing in Shanghai, Moscow, Bulgaria", realised under the Operational Seoul, Boston and New York to meet with Programme “Development of the Competitiveness presidents, CEOs and managers – the decision- 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 10 (13) / November 2014 InvestBulgaria Agency makers responcible for the business expansion Among the speakers were also leaders of the abroad, and presented to them the investment Bulgarian-Swiss Chamber of Commerce, the advantages of Bulgaria. American Chamber of Commerce, the German- Bulgarian Chamber of Commerce and Industry, the The presentations were focused on the priority Bulgarian-Korean Economic Cooperation Committee sectors of the Bulgarian economy, supported by IBA and others. They talked about the business - "Machine building and automotive industry", environment in Bulgaria and how it favours the "Electronics and Electrical Engineering", "Food and expansion not only at home but also in the European Agriculture", "Transport and Logistics", "Chemistry Union. and related industries", „Information Technology”, "Business process outsourcing", "Healthcare and The diplomatic missions of the Republic of Bulgaria Medical Tourism". in the countries selected to host the events played an active role in the organization and conducting of The lecturers were selected amongst the managers the investment forums. Ambassadors and heads of and senior staff of the companies that have the Bulgarian trade missions abroad provided full successfully implemented investment projects in support to the events while explaining to the Bulgaria. The audience in the aforementioned participants in the events that Bulgaria is a place countries was made aware of examples such as ABB, that can guarantee a successful penetration into the Nestle, TUI, Lufthansa Technik, Tianjin State Farms European market and easy access to markets in Agribusiness, IBM, Litex Motors, that are companies Turkey, Middle East and others. with a long standing business in Bulgaria and motivated by the achieved success in Bulgaria, have expanded their business further. COPENHAGEN – EXPRESSED INTEREST IN THE INVESTMENT OPPORTUNITIES IN AGRICULTURE AND ENERGY AND BIOMASS PRODUCTION On the 21st of October 2014 in Copenhagen, Denmark, InvestBulgaria Agency (IBA) hosted an investment forum, attended by representatives of IBA, Ambassador After the exposé of Mr. Svetoslav Mladenov, Extraordinary and Plenipotentiary of the Republic of Executive Director of IBA, the investment climate in Bulgaria to the Kingdom of Denmark H.E. Mr. Roussi Bulgaria was presented by George Alipiev. The Ivanov, H.E. Viorel Ardeleanu, Ambassador of audience was informed about the country's Romania to the Kingdom of Denmark, economy, the government incentives provided representatives of the Bulgarian diplomatic mission under the Investment Promotion /IPA/, and the in Copenhagen, businessmen from Denmark and situation in the sectors of Food and Agriculture, Sweden, consultants and others. Transport equipment and Machinery, Chemical industry and Medical tourism. George Alipiev, Acting Director, "Sectoral Investment Services" "The forum was very useful, because it gave an opportunity for In the discussions participated Mr. Ole Andersen, a potential investors from Scandinavia, to be informed for the current representative of a company from the sector “Food business environment in Bulgaria. This region of Europe has big and Agriculture”, Mr. Ivan Stoimenov, manager of potential to organize such events in the future, in order to attract companies to contribute in the deployment of new technologies, the Bulgarian-Nordic Chamber of Commerce and a solutions and business practices in sectors such as Agriculture, former representative of company SKF, Country Tourism, Engineering. " manager for Bulgaria of "ABB" Mr. Ekkehard Neureither, Mr. Konstantin Daradanov, стр. 2 от 33 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 10 (13) / November 2014 InvestBulgaria Agency representative of "Hempel" for Bulgaria, Mr. Peter from biomass. Questions were asked about the Dyakov, governor of Cleves, a real estate company. business environment in Bulgaria - tax costs of The main interest was focused on the investment setting up production facilities, funding opportunities in agriculture and energy production opportunities, etc. COMPANIES FROM STUTTGART AND HANNOVER WERE INFORMED ABOUT THE BUSINESS CLIMATE IN THE COUNTRY financial director of "Lufthansa Technik Sofia", Ekkehard Neureither, country manager of ABB for Bulgaria, Sonya Nachkova, director of "Software" AG Bulgaria, Georgi Vutev, representative for Bulgaria of GIS Transfer, Valentin Iossifov, director of TUI Bulgaria. The guests asked many questions followed by announcements about upcoming visits to Bulgaria and desires for special meetings with representatives of IBA with the aim of obtaining more specific information on topics of interest to them. On the 23rd of October 2014 in Stuttgart and the 28th The forum in Hanover took place at hotel "Novotel of October 2014 in Hanover, were held forums Hannover". Ambassador Extraordinary and organized by InvestBulgaria Agency (IBA) "Bulgaria: Plenipotentiary of the Republic of Bulgaria to the Grow Your Business". In Stuttgart for the event was Federal Republic of Germany, H.E. Mr. Radi chosen "Maritim Hotel Stuttgart". The guests were Naydenov and the head of welcomed by The General Consul of Bulgaria in Commercial and Economic Section of the Embassy of Bavaria and Baden-Württemberg, Mrs. Antoinette the Republic of Bulgaria in Berlin, Mr. Veselin Baicheva and the head of Gornishki came especially for the event. Mr. Commercial and Economic Section of the Embassy of Naydenov made a comprehensive review of trade the Republic of Bulgaria in Munich, Mr. Petar Maria Ivanova, Sector Expert, "Sectoral Investment Services" Department Georgiev. The Honorary Consul of Bulgaria in Baden- "At the forum in Stuttgart became clear that “Kemmler Electronic” Württemberg, Mr. Til Trukenmyuler attended the has begun production in Rakovski, Bulgaria. The Director Mr. Stefan event. Hristo Stankov – sector expert from IBA, Reamer expressed his eagerness for closer cooperation with IBA. There was a specific interest in the sectors IT, BPO, Food and presented the Bulgarian economy and the Agriculture. investment climate. The accent was on the incentives under the Investment Promotion Act. The Anelia Baklova, Director, “Marketing” "In Hanover the interest was focused on the opportunities that programme of the event was focused on four Bulgaria offers for investments in Balneology and SPA tourism. priority sectors of the Bulgarian economy: Food and Questions related to the government policy in this area were asked. Great interest provoked also the presentation of the development Agriculture, Transport equipment and Machinery, in the sector "Information Technology". There was specific interest Information technology and Business process in the organization and participation of Bulgarian innovative outsourcing, and Balneology and Medical tourism. companies from the IT sector in the largest exhibition of information technologies in Europe BAIT." Moderator of the discussion was Mr. Mitko Vasilev, Chairman of the German-Bulgarian Chamber of and economic relations between Bulgaria and Industry and Commerce. The successful projects in Germany, highlighting the advantages of Bulgaria as Bulgaria were presented by Stefan Yordanov, a place for business development for German companies. In a presentation, given by a стр. 3 от 33 InvestBulgaria Agency (IBA), 31 Aksakov Str., Sofia 1000 Tel.: (+359 2) 985-5500, Fax: (+359 2) 980-1320 e-mail: [email protected],
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