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InvestBulgaria Agency (IBA), 31 Aksakov Str., Sofia 1000
Tel.: (+359 2) 985-5500, Fax: (+359 2) 980-1320, e-mail: iba@investbg.government.bg, http://www.investbg.government.bg
InvestBulgaria Agency
September 2015
issue 16, year 3
www.investbg.government.bg
� HIGHLIGHTS
� News for InvestBulgaria Agency
� Economic News - Business, Investments,
Trade
� Upcoming Events
� Foreign Direct Investments in Bulgaria
NEWS FOR INVESTBULGARIA AGENCY
Colossal success: 600% growth in revenues of the local IT companies for 10 years
For second consecutive year the Plovdiv Municipality and
Industry Watch organized "National Outsourcing Conference".
Amongst the guests at the conference were representatives of
more than 100 companies and IT outsourcing industry, local
and central governments, industry organizations. The main
emphasis at the event was the discussion around attracting
new talents from outside the EU, the opportunities that Plovdiv
as a city offers for companies in the IT sector, as well as the
connection between education and business.
Over the past 10 years the revenues of the local IT companies
grew by 600%. Bulgaria ranks third in the world rankings for the
most attractive outsourcing destination after a jump of 11
places up. This was announced by the President Rosen Plevneliev at the opening of the national conference "Outsourcing Destination Bulgaria" in Plovdiv.
Stamen Yanev, Executive Director of InvestBulgaria Agency, declared his thesis on the "Blue Card": "It is necessary
to facilitate the procedure for issuing the Blue Card for persons from third countries. This can be obtained by
dropping down the market test for applicants, the applications for "Blue Card" be submitted at one place and the
time for their issuance to shorten substantially. The leap towards better economic results depends on how hard
we work for the people as a capital, improve our education, and respect rules and regulations."
One moajor national target, that the government has set, is to create conditions for training of at least 30 000
experts in the field of high technologies to be employed in the sector of IT and outsourcing. This statement came from Rumyana Bachvarova, Deputy Minister and Minister of Interior of the Republic of Bulgaria during the
conference. Amongst speakers were Rumyana Bachvarova, Deputy Minister and Minister of Interior of the
Republic of Bulgaria and Stefan Fricke, Director of the German Outsourcing Association.
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InvestBulgaria Agency (IBA), 31 Aksakov Str., Sofia 1000
Tel.: (+359 2) 985-5500, Fax: (+359 2) 980-1320
e-mail: iba@investbg.government.bg, http://www.investbg.government.bg
issue 16 / September 2015 InvestBulgaria Agency
Stamen Yanev at a meeting with representatives of Chinese business
On 07/09/2015 Stamen Yanev, Executive Director of InvestBulgaria
Agency (IBA) participated in a meeting between the Ministry of
Economy presented by Lyuben Petrov, Deputy Minister, and a
delegation from the Chinese city of Chongqing, led by Xiong Lin,
deputy director of the Commission foreign trade and economy in the
city Chongqing.
The meeting’s focus was the advantages of Bulgaria as a business
environment. "As a member of the European Union, our country
provides free and duty-free access to the EU market", said Stamen
Yanev. He said that with its geographical position, the application of
the lowest tax rates in the EU and by specific measures to stimulate and encourage investment, Bulgaria is among
the best places for business in Europe.
In this connection Lyuben Petrov stressed as high priority for our country to promote Chinese investment in areas
where we have traditional advantages and those that provide high added value, such as automotive, mechanical
engineering, electronics, information and communication technologies. "We would like to attract Chinese
companies to invest in Bulgarian industrial zones. A priority project, on which we work to attract Chinese
investors is Economic Zone Bozhurishte, because for us it is important that potential partners can benefit from
the advantages of Bulgaria as a bridge between the huge market of the European Union", added Deputy Minister
Petrov. As a meeting place between the Bulgarian scientific community and Chinese companies, he described
scientific and technological park "Sofia Tech Park", to which the Chinese delegates expressed particular interest.
During the meeting, Mr. Xiong Lin confirmed that the visit to Bulgaria aims to find projects for economic
cooperation, investment, tourism and business ventures, and to find the partners for further cooperation and to
establish specific and lasting business contacts.
Stamen Yanev at a meeting with Ukrainian entrepreneurs
On September the 7th 2015 in Sofia, Stamen Yanev, Executive Director
of InvestBulgaria Agency (IBA) took part in the investment forum
"Rodnina 2015" in relation to the delegation vivist from the Zaporizhye-
Bulgarian society "Rodnina" - Ukraine. The main objective of the Forum
was trade and economic bisiness cooperation between Bulgaria and
Ukraine. IBA and the Association of Industrial Capital in Bulgaria
attended the forum and welcomed their willingness to invest in the
Bulgarian market. The biggest interest for Ukrainian entrepreneurs seemed to be the tax system in Bulgaria; Legal obstacles facing foreign
investors; The role of the IBA under real interest from foreign investors;
How the "IPA" can support the realization of foreign investment.
The presentation of Mr. Yanev caused great interest, which brought to a broad discussion amongst Ukrainian
investors about business opportunities.Incentives under the Investment Promotion Act have also brought interest
and became part of the discussion.
Another interesting part of the discussion were the opportunities that exist in Bulgaria to register a company with
initial capital of just 2 leva, which caused universal astonishment and approval by the attending investors.
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InvestBulgaria Agency (IBA), 31 Aksakov Str., Sofia 1000
Tel.: (+359 2) 985-5500, Fax: (+359 2) 980-1320
e-mail: iba@investbg.government.bg, http://www.investbg.government.bg
issue 16 / September 2015 InvestBulgaria Agency
In this regards Mr. Stamen Yanev said "With appropriate business plan for a period of three years, every Ukrainian
businessperson is invited to come to IBA and begin the certification process of his investment"
Multivac invests EUR 15M in new production base
The Germany-based market leader in packaging solutions Multivac is
ready to invest EUR 15M into the construction of a new production
plant in Bulgaria.This became clear at a meeting of the Minister of
economy Bojidar Lukarski with Christian Trauman, manager of
"Multivac", and Ivaylo Dimitrov, who manages the Bulgarian branch
of the German company, announced the Ministry of Economy.
Multivac currently has a production and technical service facility in
Bulgaria employing 35 people. The company plans to invest EUR
15M in the construction of a new factory for the production of
machine parts and components in the Bozhurishte industrial zone, in the western outskirts of Sofia, and create 70
jobs for highly skilled employees, according to the statement.
Stamen Yanev, Executive Director of InvestBulgaria Agency (IBA) explained that the company is suitable for high
priority class investor. He provided the necessary application documents and explained that he already has a
assigned a personal IBA manager to assist Multivac project.
Investment for BGN 30 million between Haskovo and Dimitrovgrad
Within a month and a half period a big investment for over BGN 30 million will be announced. It will be
implemented at the territory between Haskovo and Dimitrovgrad, said the Executive Director of InvestBulgaria
Agency (IBA) Stamen Yanev during the workshop in the districts administration’’s building with reginal mayors.
The news was confirmed by the mayor of Dimitrovgrad Ivo Dimov, into which territory of administration the
investment will be made. For now specific parameters are still kept secret, but the mayor pointed out that the
investment is to be in the field of production. "This project will not only move the economy of Haskovo and
Dimitrovgrad upwards but of the entire region", said Dimov.
According to Stamen Yanev the greatest development potential for the next five years in the country and for
attracting new investment is in the areas of tourism, production of car parts and chemical industries. According to
him, the mineral springs and natural resources of our country can be developed to attract native and foreign
businesses to develop activities in the field of health tourism.
Yanev said that by the end of the year IBA will be ready with a strategy for development and investment
promotion.
From January to April in Bulgaria is reported 2.4% growth of foreign investments compared to the same period
last year.
The purpose of our meeting is to support municipalities in the implementation of state policy for the promotion
of investment and to explain how investment projects of local importance can be encouraged, said Yanev.
http://www.standartnews.com/
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InvestBulgaria Agency (IBA), 31 Aksakov Str., Sofia 1000
Tel.: (+359 2) 985-5500, Fax: (+359 2) 980-1320
e-mail: iba@investbg.government.bg, http://www.investbg.government.bg
issue 16 / September 2015 InvestBulgaria Agency
IBA signed an agreement for extended cooperation with the British Bulgarian Business
Association
InvestBulgaria Agency (IBA) signed an agreement for extended
cooperation with the British Bulgarian Business Association (BBBA),
which would provide active work between the two organizations to
attract investment and exchange of information on potential
business partners (companies from Bulgaria and UK), investment
projects (existing and planned), public statistical data, analyzes,
results of market research and information on the state regulatory
measures.
The document was signed by the Executive director of IBA Stamen
Yanev and the chairman of BBBA David Hampson.
The Cooperation Agreement also provides for the two organizations to work together to develop sustainable
economy and to cooperate in the development of projects and programs related to public-private partnership that can be useful for both sides.
IBA and BBBA also undertake to analyze periodically the results of cooperation in the framework of the signed
agreement to share information on achievements and to develop new proposals for increasing the cooperation
between them.
Stamen Yanev: The development of innovation in Bulgaria and the cooperation with
Israel could boost the economy
The innovations development in Bulgaria and the cooperation with Israel can boost
our economy. Opportunities for development of bilateral relations are limitless. We
have common interests and priorities in a number of other areas such as computer
technology, education, health, infrastructure, energy, transport.
This was stated by Stamen Yanev, executive director of InvestBulgaria Agency (IBA),
after his participation in the joint Bulgarian-Israeli forum on bilateral relations and
cooperation in the field of innovation. The event was organized jointly by the Ministry
of Economy, Bulgarian Academy of Sciences and the Embassy of Israel.
Before the participants in the two-day forum Bulgarian and Israeli scientists,
businessmen and experts in the field of innovation, Mr. Yanev presented the wide
range of investment opportunities and joint projects in key areas for the two countries. He drew attention to the
economic climate and sustainable results which demonstrate the country last months and focused on the
prospects for bilateral cooperation.
Stamen Yanev drew attention to the achievements of IBA to reduce administrative burdens for potential investors
and to the plans of the agency to attract new capital into Bulgaria. He also stressed on the plans of Bulgaria to
focus its potential to traditional partners from the past as well as to new ones form the middle East and central
Asia.
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InvestBulgaria Agency (IBA), 31 Aksakov Str., Sofia 1000
Tel.: (+359 2) 985-5500, Fax: (+359 2) 980-1320
e-mail: iba@investbg.government.bg, http://www.investbg.government.bg
issue 16 / September 2015 InvestBulgaria Agency
The perfect formula for success combines sustainable business environment that we already have achieved in
combination with entrepreneurship, aimed at developing and promoting scientific achievements. Israel has
leading expertise in the deployment of scientific potential through investments in key sectors and will benefit
from the shared achievements to apply them in our conditions, said Stamen Yanev after the forum.
Stamen Yanev: The perfect moment for upgrading the German-Bulgarian business
relationship has come
Despite of the difficult economic circumstances in
neighboring Greece, now is the perfect moment for
strengthening and upgrading the German-Bulgarian
business relationship. This was stated by the Executive
Director of InvestBulgaria Agency (IBA) Stamen Yanev
during a discussion meeting with businessmen, investors
and entrepreneurs from the city of Hamburg, which was
cooperatively organized by the Ministry of Economy and
the incorporated Bulgarian-German Chamber of
Commerce.
We are aware of the of the difficulties German business might experience while investing in Bulgaria, therefore
the Ministry of Economy, along with IBA, works actively to eliminate them, especially considering administrative
ease for current and future German investors and entrepreneurs. It is a fact that the majority of German investors
find the economic situation in Bulgaria satisfying therefore a rapid increase in trade between the two countries is
observed, pointed out Stamen Yanev.
He reminded that trade turnover between Bulgaria and Germany has increased by 6% in 2014, compared to the
previous year, and for the first three months of 2015 it has already grown to 13,7%. German investments in
Bulgaria take the fifth place by size and for the period of 1996-2014 they account €2, 4 billion.
First three months of 2015 data shows more than 3,5 times increase in the number of foreign investments in
Bulgaria, compared to the same period of the previous year. From Germany only they account €4 million in
January-February, pointed the Director of IBA.
With regards to the relations between companies and business people from the city of Hamburg, Stamen Yanev
reminded that the biggest German harbor is considered to be a gate to the world for the German business and
increase of contacts and opportunities for cooperation with Hamburg companies in the fields of trade, forwarding
and logistics, agriculture, energetic, mechanical engineering and mining for both the light and the heavy industry
will open new broad horizons to the Bulgarian business and economy.
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InvestBulgaria Agency (IBA), 31 Aksakov Str., Sofia 1000
Tel.: (+359 2) 985-5500, Fax: (+359 2) 980-1320
e-mail: iba@investbg.government.bg, http://www.investbg.government.bg
issue 16 / September 2015 InvestBulgaria Agency
ECONOMIC NEWS – BUSINESS, INVESTMENTS, TRADE
1105.6 mln. Euro FDI in Bulgaria
for the period January - September 2014
1105.6 mln. Euro (2.7% of GDP) are the attracted FDI in the Bulgarian
economy from January - September, announced from Bulgarian National Bank
(BNB). These are preliminary, unrevised data, specified the Bank, adding that
the current data will be revised in the statement of attracted investment from
January to October 2014
For the same period in 2013 the economy has attracted FDI 1,160.7 mln. Euro
(2.8% of GDP). This are already revised data. If we compare these volumes the
result will be 55.1 million euro less investments than the same period last
year.
If the data is compared with the preliminary data of the same period last year,
it would be quite a different picture. The announced volume for the first nine
months of 2013, was 854.4 mln. Euro (2.1% of GDP), which is an increase of
29.4%.
Investments in equity capital during January-September 2014 are about €
259.4 million or 506.4 million Euro less than the equity capital raised during
the same period in 2013 (765.7 million. Euro). The unrevised data for attracted
private equity for the same period last year, showed that under this item are
entered 618.3 mln. Euro.
The incomes from the investment by foreign persons in real estate in the
country are 83.1 mln. EUR, while they are 118.9 million Euro in January -
September 2013.
The investments in other capital in January - September 2014 are 721.8 mln.
Euro, while for the same period in 2013 they are only 321.7 million. Euro. On
the basis of preliminary data on the financial result, reinvested earnings for
the period are estimated to 124.4 million. Euro, while they are 73.3 million for
the same period in 2013.
By country, the largest direct investments in Bulgaria for January - September
2014 are from Austria(EUR 284.2 million). The largest net negative flows for
the period were towards Luxembourg (EUR -19.6 million).
By branch, the largest investments for January – March 2014 were in real
estate, renting and business activities (EUR 354.1 million), transport, storage and communication (EUR 246.3 million) and financial intermediation (EUR
159.5 million).
By preliminary data of Bulgarian direct investments abroad in January -
September 2014 are 243.2 mln. Euro
ECONOMIC INDICATORS
Foreign Direct Investments, January-
July (2014/2015), mln. euro
Source: BNB
Inflation measured by CPI by months
Source: NSI
Interest rates and volumes of new time
deposits, (households and companies)
Source: BNB, MF
GG debt and fiscal reserve
Source: MF
IKEA plans to increase supplies from Bulgaria
The global furniture manufacturer IKEA plans to increase supplies from
Bulgaria and for this purpose will seek new partners. The company's
intentions are to double its sales globally by 2020, which requires
identification of new supply options. Bulgaria is central to the new strategy, and request of its intentions make the founder of IKEA, Mr.
Ingvar Kamprad at a meeting with the Minister of Economy Bozhidar
Lukarski in the company's headquarters in the city Älmhult, Sweden.
"Over the years I find many good suppliers and a lot of good friends in
Bulgaria. Bulgaria has a huge potential and now is the time to build a
partnership that will allow us to grow together. "That said, Mr. Kamprad,
adding that the company sees the country as a strategic partner in the
long term.
"Now is not only the right time, but Bulgaria is the right place", said
Minister Lukarski, stressing that his visit to the headquarters of IKEA is a
sign of support from the whole Bulgarian government.
http://www.mi.government.bg/
"Sutherland Global Services" presented the expansion
of its activities in Bulgaria
3,000 new jobs are expected to open in the next three years the
international company "Sutherland Global Services". That said K. S.
Kumar, Chief Commercial Officer, during a meeting with Bozhidar
Lukarski, Minister of Economy and his deputy Lyuben Petrov.
"Sutherland" consider Bulgaria as a center for services to its European
customers and plans significant future investments in the country of
about 10 million Euro next year, became clear during the meeting. The
company explores new locations for future activities in the country and
seek opportunities for collaboration with Bulgarian universities.
"Sutherland Global Services" aims to create centers of excellence in
universities in order to train and prepare qualified specialists in the field
of high-tech business processes, added the Chief Commercial Officer of
the company.
http://www.mi.government.bg/
Bulgaria`s GDP increased by 2.2% in Q2, 2015
Gross Domestic Product (GDP) expanded with 0.4% compared to the first
quarter of 2015 according to the seasonally adjusted data of the
National Statistical Institute.
The second quarter of 2015 GDP at seasonally adjusted data increased
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Tel.: (+359 2) 985-5500, Fax: (+359 2) 980-1320
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issue 16 / September 2015 InvestBulgaria Agency
by 2.2% compared to the same quarter of the previous year. Gross
value added increased by 1.8%.
According to the flash GDP estimates for the second quarter of 2015,
the GDP at current prices amounted to 20 920 million BGN. GVA in the second quarter of 2015 amounted to 17 901 million BGN.
In the structure of GDP by the expenditure approach the largest share
has the final consumption (78.3%), which in nominal terms amounted
to 16 380 million BGN. In the second quarter of 2015 gross capital
formation is 4 787 million BGN and has a share of 22.9% in GDP.
http://bnr.bg/
Bulgaria's export to EU increased in January-May
In the period January - May 2015, the export of Bulgaria to the
European Union (EU) increased by 12.2% compared to the same period
of the previous year, reaching BGN 11,6 billion while the imports from
the EU increased by 8% to BGN 13,3 billion, show the preliminary data
of the National Statistical Institute (NSI).
Major trade partners of Bulgaria in the first five months of this year are
Germany, Italy, Romania, Greece, Belgium and France and they form
70,1% of Bulgarian exports to the countries - EU members. At the same
time the largest import of goods is registered with Germany, Italy,
Romania, Spain and Greece.
http://bnr.bg/
Unemployment in Bulgaria drops to 9.4%
The rate of unemployment in Bulgaria for July is down for the fourth month in a row, reaching 9.4%, informs the Employment Agency.
Compared to July 2014 the unemployment rate is significantly lower -
by 1.2 percentage points.
Most vacancies for primary market are stated in Manufacturing (4184),
trade (2484), hotels and restaurants (1187), education (835),
administrative and support services (799), construction (688), real
estate (671), transport and storage (561), agriculture, forestry and
fisheries (465), government (369), professional activities and research
(281) and others.
http://www.az.government.bg/
"Sviloza" plans to invest BGN 250 mln.
New investment to the amount of about BGN 250 million will be made
for Sviloza AD’s development, announced the majority owner of the
plant Krasimir Dachev at a meeting in Svishtov with representatives of
local authorities, businesses and workers.
The investment will be focused on increase of the company’s
production capacity to 200 thousand tons, as the first aim will be to
SOFIX: 01.07.2015 – 24.09.2015
Source: bse-sofia.bg
BGREIT: 01.07.2015 – 24.09.2015
Source: bse-sofia.bg
BGBX40 TR: 01.07.2015 – 24.09.2015
Source: bse-sofia.bg
BGTR30: 01.07.2015 – 24.09.2015
Source: bse-sofia.bg
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InvestBulgaria Agency (IBA), 31 Aksakov Str., Sofia 1000
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e-mail: iba@investbg.government.bg, http://www.investbg.government.bg
issue 16 / September 2015 InvestBulgaria Agency
reach sustainably to 150 thousand tons. To that purpose a new salt
boiler will be made, which requires investment of EUR 50-60 million.
Part of the invested money will be for a new co-generation with a
turbine and boiler for about EUR 30 million, where biomass is burned
and emitted from the treatment plant for waste water in Svishtov. By the
end of the year a substation will be also built, which will be connected to
the national electricity system. New investment will be made for
softened water, as well.
http://www.borbabg.com/
Deputy Minister of Economy Daniela Vezieva handed
certificate of priority investment project to "Garanti
Koza-Bulgaria" EAD
Deputy Minister of Economy Daniela Vezieva handed certificate of
priority investment project to "Garanti Koza-Bulgaria" EAD for the
investment project "Sofia Grand Canyon."
"I sincerely hope that this investment will result in the creation of others
in the capital and in the country. We are working on an expansion of this
type investment," said Deputy Minister Vezieva.
The only incentive measure, which will be used by the investor includes
accelerated administrative services. Deputy Minister Vezieva indicated
that a working group would be established to assist the investor by preparing the making documentation and starting investment.
The project of "Garanti Koza" foresees the creation of 240 new
permanent jobs, the purpose of the investor is to hire the largest
possible number of people with high skills to provide high class service.
"During the construction of the facility will be established additional
temporary employment for about 1,000 people," said Deputy Minister
Vezieva.
The Executive Director of "Garanti Koza-Bulgaria" EAD Osman Erden
Bilginer said that the company has conducted studies in Eastern Europe,
in which Bulgaria is emerged as the best place for the project. He added that "Grand Canyon Sofia" is only the first investment of the company in
Bulgaria. The company plans realization of a second project in Sofia,
which will be four times larger, in terms of both scale and size of the
investment. "It is an honor for "Garanti Koza" to be the third company
which has received such certificate," concluded Mr. Bilginer.
Ministry of Economy
Stamen Yanev presented investment opportunities in
Bulgaria to representatives of Italian business
On September 17, 2015 in Sofia was held a meeting on "Bulgaria -
Investment and Business Climate", organized by Confindustria Bulgaria,
SELECTED DECISIONS
OF THE GOVERNMENT
OF THE REPUBLIC OF BULGARIA
FOR THE PERIOD
02.09.2015-23.09.2015 г.
23.09.2015
BULGARIA WILL COOPERATE WITH
MOROCCO IN THE POLICIES FOR
URBAN DEVELOPMENT
THE GOVERNMENT APPROVED
DRAFT LAW ON ELECTRONIC
IDENTIFICATION
16.09.2015
THE ADMINISTRATIVE BURDEN FOR
BUSINESS DECREASED BY BGN 14.6
MILLION FOR YEAR AS A RESULT OF
MEASURES IMPLEMENTED BY THE
THIRD ACTION PLAN
FOR RATIFICATION IS PROPOSED
BULGARIAN-AUSTRIAN AGREEMENT
FOR COOPERATION IN THE FIELD OF
CULTURE, EDUCATION, SCIENCE
AND YOUTH
THE PERIOD FOR SEARHCING OIL
AND GAS IN BLOCK “GALATA” IS
EXTENDED
09.09.2015
AGREEMENT BETWEEN BULGARIA
AND ISRAEL FOR MARITIME
MERCHANT SHIPPING IS APPROVED
BULGARIA WILL SUPPORT THE
PREPARATION OF BOSNIA AND
HERZEGOVINA FOR ACCESSION TO
THE EU AND NATO
THE COOPERATION WITH PORTUGAL
IN THE TOURISM IS DEEPENING
AMENDMENDS TO THE TAX-
INSURANCE PROCEDURE CODE
INCLUDE BULGARIA IN THE WORLD
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InvestBulgaria Agency (IBA), 31 Aksakov Str., Sofia 1000
Tel.: (+359 2) 985-5500, Fax: (+359 2) 980-1320
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issue 16 / September 2015 InvestBulgaria Agency
AUTOMATIC EXCHANGE OF
FINANCIAL INFORMATION
02.09.2015
BULGARIA OPENS HONORY
CONSULATE IN PONALD AND
PAKISTAN
INVESTMENTS FOR OVER 7
MILLION WILL BE MADE FOR
PRODUCTION OR EXPLORING
UNDERGROUND NATURAL
RESOURCES
at which took part Stamen Yanev, Executive Director of InvestBulgaria
Agency.
The meeting was focused on managers and senior officials in the field of
investment, public-private partnerships, banking, information and
communication technologies. The meeting aimed at promoting and
optimizing the economic and social partnership and competitiveness of the
region and establishing contacts with public authorities, business and
international financial institutions.
Mr. Yanev presented the trade and investment opportunities in Bulgaria, in
order to deepen trade and economic cooperation between Bulgaria and
Italy. He explained the possibilities for improving the business climate and
incentives for investment, government incentives and efforts being
implemented to attract foreign direct investment in the region.
During the forum Stamen Yanev met with representatives of Confindustria
Bulgaria, with managers of investment and consulting companies, as well as
representatives of business circles to direct potential investors to
opportunities in Bulgaria. Among the guests at the meeting participated as
speakers Mr. L. Hampartzoumian, Mr. A. Casini, Mr. M. Amadei, Mr. L.
Salvadore, Mr. A. Baban.
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e-mail: iba@investbg.government.bg, http://www.investbg.government.bg
issue 16 / September 2015 InvestBulgaria Agency
UPCOMING EVENTS
5-6
October
2015
Bangaluru,
India
2nd India-Central Europe Business Forum
8th
October
2015
Copenhagen,
Denmark
THE INVESTMENT AGENDA
No man is an island: holistic investing in a
volatile world
13-14
October
2015
Prague,
Czech Republic
CEE Automotive Forum 2015
14-15
October
2015
Sofia,
Bulgaria
The Fourth EU-Southeast Europe Summit
Countdown to stability and growth?
12 - 13
November
2015
New York City,
USA
World Business Forum New York 2015: Story
Makers
FOREIGN DIRECT INVESTMENTS IN BULGARIA
EUR mln.
Net cash flow - annual data
Years 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
1850.5 2735.9 3152.1 6221.6 9051.8 6727.8 2436.9 1169.7 2118.6 1320.9 1383.7 1285.4
Net cash flow – quarterly data
2014'Q3 2014'Q4 2015'Q1 2015'Q2
Quarters 76.0 413.3 443.2 355.9
Net cash flow – monthly data
2014 2015
VIII IX X XI XII I II III IV V VI VII
Months 206.6 -200.3 125.5 218.8 69.0 271.0 124.7 47.5 133.4 36.9 185.6 108.2
* Data is updated (as to 24.09.2015) Source: BNB
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