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At the end of each year, the Bulgarian Chamber of Commerce and Industry reviews Bulgaria’s position in important and recognized international rankings, which directly reflect the economic reality and future prospects for the development of business environment and society. Unfortunately, Bulgaria’s downward trend in one of the most detailed World Bank rankings (The Doing Business Report) continues. The country occupies 61st place for 2020, compared to more than 20 places higher...
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Business news
December
Dear colleagues, friends and partners, The past 2019 was a year of challenges and key events – we had to report the results from our work in the previous five-year term of office and to draw plans for the next one. Meanwhile, we had to chair the Association of the Organizations of Bulgarian Employers (AOBE). The year was also fraught with expectations for major changes in the context of the European Parliament elections and the Bulgarian local elections. The held General...
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The first Global Refugees Forum took place in Geneva in December 2019. The forum comes at the end of a tumultuous decade in which the number of refugees has risen to over 25 million people worldwide. It is an event taken as an opportunity to translate the principle of international responsibility-sharing into concrete action. Representatives of governments, international financial organizations, business leaders, humanitarian and development actors, refugees, and civil society...
Full text30 years of diplomatic relations between the Republic of Bulgaria and the Republic of Korea
- 30-12-2019
The Embassy of the Republic of Korea in Bulgaria, with the kind support of the Ministry of Foreign Affairs of the Republic of Bulgaria hosted the launching event of the celebratory logo on the occasion of the 30th anniversary of the establishment of diplomatic relations between the Republic of Korea and the Republic of Bulgaria. Almost 200 applications were received during the open call for submission of applications. 1st prize was awarded to Mr. Ivaylo Todorov, student in the National...
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Georgi Ivanov, Honorary Consul of Bangladesh in Bulgaria, visited BCCI and discussed with the President of the Chamber Tsvetan Simeonov the opportunities for bilateral cooperation. Mr. Ivanov said that Bangladesh is the second largest textile exporter in the world after China. Agriculture, food industry, light industry and defense industry are also well developed sectors of economy. Tsvetan Simeonov presented the current economic situation in Bulgaria, and introduced the Honorary Consul...
Full textDiscussion of initiatives to promote the commercial and economic relations Bulgaria – Lebanon
- 20-12-2019
Ahmad Alaeddine, President of the Lebanese – Bulgarian Business Council and representatives of the Business Council visited BCCI and met with the Chamber’s President Tsvetan Simeonov. The aim of the meeting was to formulate specific activities for promotion of the commercial and economic relations between Bulgaria and Lebanon. Ahmad Alaeddine presented information on the current economic situation in Lebanon and upcoming initiatives of the Business Council in 2020. A visit of...
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H.E. Zhusupbek Sharipovich Sharipov, the newly accredited Ambassador Extraordinary and Plenipotentiary of the Kyrgyz Republic in the Republic of Bulgaria with a residence in Kyiv, Ukraine, Aleksandar Dimitrov, Honorary Consul of Kyrgyzstan in Bulgaria, and Vladimir Bubnyak, Advisor at the Ministry of Agriculture, Foods and Forestry of Bulgaria, visited BCCI and discussed with the President Tsvetan Simeonov the opportunities for development of the bilateral commercial and economic...
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H.E. Lukaš Kaucký, Ambassador Extraordinary and Plenipotentiary of the Czech Republic in Bulgaria met with the President of BCCI Tsvetan Simeonov. Petr Vávra, Minister-Counsellor for Political Affairs at the Embassy also took part in the meeting. Tsvetan Simeonov and his guests discussed the current state of the bilateral commercial and economic relations. The President of BCCI acquainted the diplomats with the Chamber’s cooperation with similar international...
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Hristo Bushev, Honorary Consul of the Republic of Mauritius in Bulgaria, visited BCCI and discussed with the President of the Chamber Tsvetan Simeonov future joint initiatives and a presentation of Mauritius’ investment opportunities and business climate. During the meeting, the current economic situation in the African country was discussed and the main sectors of the country were highlighted, including: financial services, tourism, pharmacy, medical equipment, jewelry, etc. The...
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H.E. Yoram Elron, Ambassador Extraordinary and Plenipotentiary of the State of Israel visited BCCI and met with the Chamber’s President Tsvetan Simeonov. The currents state of the commercial and economic relations between Bulgaria and the State of Israel was discussed. Tsvetan Simeonov presented to Ambassador Elron the Chamber’s membership in international organizations, the work of the Unified Trade Register and the Arbitration Court at BCCI. It was noted that there was a...
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On 4th December, the Bulgarian Chamber of Commerce and Industry conferred its annual awards at an official ceremony held in Sofia Hotel Balkan. As the oldest and highly respected business organization in the country, BCCI maintains its traditions diligently, and for the 26th consecutive year ranked and presented awards for the achievements of companies and partners that have worked for the development of Bulgarian business. The Chamber has over 50 000 members and maintains ongoing...
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The newly appointed Ambassador of Bulgaria to Kosovo Hristo Gudzhev visited BCCI and met with the Chamber’s President Tsvetan Simeonov. They discussed the current state of the bilateral trade and economic relations. Tsvetan Simeonov acquainted Ambassador Gudzhev with the Chamber’s membership in various international organizations, as well as with the work of the Unified Trade Register and the entirely digitized Arbitration Court at BCCI, and the services of GS1 Bulgaria. For...
Full textThe President of BCCI participated in a meeting of the Global Alliance of Sharing Economy
- 03-12-2019
The President of the Bulgarian Chamber of Commerce and Industry (BCCI) Tsvetan Simeonov participated in a meeting of the Global Alliance of Sharing Economy, at the invitation of Petar Stoyanov, President of the Republic of Bulgaria (1997 – 2002) and Honorary Member of BCCI. The meeting was held in Vienna, with the participation of more than 30 former heads of state and government from all over the world. GLASE is a non-governmental and non-profit international economic organization...
Full textNovember
BCCI hosted the regular meeting of the Club of Joint and Foreign Chambers. Traditionally, the event was opened by the President of the Chamber Tsvetan Simeonov, who made an overview of the economic situation in the country, focusing on the current important issues such as the state budget, the sick leaves, the import of foreign labour, etc. The European Union’s free trade agreements with third countries, the internationalisation of SMEs, and the opening of new markets were also among...
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The President of the Bulgarian Chamber of Commerce and Industry Mr. Tsvetan Simeonov had a productive meeting with representatives of AMADEUS company. A group of specialists of AMADEUS is in the Bulgarian capital this week. They presented AMADEUS – one of the world top travel technology companies that builds solutions for helping airlines and airports, hotels and railways, search engines, travel agencies, tour operators and other travel players to run their operations and improve the...
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The Bulgarian Chamber of Commerce and Industry hosted a business forum organized by the Hungarian – Bulgarian Chamber of Commerce, in cooperation with BCCI and the Hungarian Chamber of Commerce and Industry. The event focused on the management and condition of the water resources in Bulgaria and Hungary. The forum was officially opened by the President of BCCI Tsvetan Simeonov, who provided information about the relations between Bulgaria and Hungary and said that joining forces in...
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The President of BCCI Tsvetan Simeonov participated in a presentation of “Foods and Beverages from Sunny Bulgaria” in Chisinau, organized at the initiative of the Embassy of Bulgaria in Moldova, and in particular of the Commercial and Economic Section at the Embassy. The aim was to present and advertise Bulgarian food products to the Moldovan market and to get acquainted with representatives of the local retail chains, who had the opportunity to taste the Bulgarian products. The...
Full textPartnership with the Agency for the Promotion Abroad and Internationalization of Italian Companies
- 22-11-2019
The Bulgarian Chamber of Commerce and Industry hosted a meeting with Alessandra Capobianco, Manager of the Sofia Office of the Agency for the Promotion Abroad and Internationalization of Italian Companies (ICE), and Francesco Calderoli, Deputy Head of the Italian Embassy in Bulgaria who is in charge of the trade and economic relations. Vladimir Tomov, Chairman of the Investment Council at BCCI, also took part in the meeting. The President of BCCI Tsvetan Simeonov acquainted the Italian...
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H.E. Dimitrios Chronopoulos, Ambassador Extraordinary and Plenipotentiary of the Hellenic Republic to Bulgaria, visited BCCI and met with the Chamber’s President Tsvetan Simeonov. The current state of the bilateral commercial and economic relations, the dynamics and structure of trade were discussed during the meeting. Tsvetan Simeonov acquainted Ambassador Chronopoulos with the Chamber’s membership in international organizations, as well as with the work of the Unified Trade...
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An international forum dedicated to the investment environment in Bulgaria, organized by the Foreign Economic Relations Board of Turkey (DEIK) and the World Turkish Business Council (DTİK) was held in Sofia. The event was opened by Osman Ak, Chairman of DEIK and the Turkish-Bulgarian Business Council. The Minister of Economy of the Republic of Bulgaria Emil Karanikolov and H.E. Dr. Hasan Ulusoy, Ambassador Extraordinary and Plenipotentiary of the Republic of Turkey to Bulgaria also took part...
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A Bulgarian business delegation, organized by the Bulgarian Chamber of Commerce and Industry, accompanied the Deputy Prime Minister for Economic and Demographic Policy of the Republic of Bulgaria Mariana Nikolova on her visit to India on the occasion of the “India – Europe 29 Business Forum”. During the visit an interactive session between Indian and Bulgarian businesses took place. The event was officially opened by Mr. Rakesh Bakshi, member of the Board of Directors of...
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During a meeting with the BCCI President Mr. Tsvetan Simeonov, the co-founder and co-owner of PharmaLex Bulgaria Dimitar Georgiev presented some of the strategic plans of the company for the near future. Among them he outlined the wish to establish business relations with producers of drugs, cosmetics and medical devices from the Balkan region. Simeonov expressed his appreciation for such efforts and urged Georgiev to rely upon the international contacts of the Bulgarian Chamber of...
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A lively meeting with Italian partners was held on November 8 at BCCI. The President of the Chamber, Tsvetan Simeonov, welcomed the delegation led by the head of the Office for Trade and Economic Affairs in Milan, Anna Koleva, and said that Italy is a traditional partner for BCCI. The Italian investors are one of the most respected in Bulgaria, Simeonov continued. The contacts with them are intensive also due to the traditional support of the embassies and trade authorities of both...
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A business mission from Hungarian companies visited BCCI. The visit was organized by the Enterprise Europe Network at BCCI and the EEN Center at the Chamber of Commerce and Industry of Győr-Moson-Sopron County, Hungary. Representatives of the Bulgarian Investment Agency informed the guests about the business climate in Bulgaria and the investment opportunities in the country. The Hungarian companies active in the field of the agriculture, trade, logistics and tourism had the opportunity to...
Full textА meeting-discussion panel with d-r Remi Gerbe - lawyer and expert in international arbitration
- 15-11-2019
On November 6, the Bulgarian Chamber of Commerce held a meeting-discussion panel of the arbitrators representing the Arbitration Court at BCCI, together with Dr. Remi Gerbe, a leading lawyer in the law company MoloLamken LLP, Washington. The meeting was dedicated to the development of investment arbitrage. The main focus of the meeting was: "Is the protection and the toolbox of one arbitration court sufficient to protect the interests of a trader or investor before the state or the...
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Her Excellency Jasna Ognjanovac, Croatia's newly appointed ambassador to Bulgaria, discussed the economic relations between the two countries with the President of the Chamber, Tsvetan Simeonov. Although the relations between Bulgaria and Croatia are excellent, active work is needed to intensify them, said Simeonov. Ambassador Ognianovac, in turn, said she would do everything necessary to introduce and represent the best Croatian companies on the Bulgarian market - producers of wine,...
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The President of BCCI Tsvetan Simeonov discussed with the Ambassador of Japan to Bulgaria H.E. Masato Watanabe the state of the bilateral economic relations during a meeting at the Chamber. The President of the Chamber and Ambassador Watanabe agreed that companies do not take full advantage of the EU – Japan Free Trade Agreement. The preferential conditions and customs duties for certain goods are a great facilitation for Bulgarian companies and they can benefit and profit from the...
Full textBusiness Conference “Bulgaria – Pakistan: Opportunities for Cooperation in Trade and Tourism”
- 08-11-2019
BCCI hosted a business conference “Bulgaria – Pakistan: Opportunities for Cooperation in Trade and Tourism”. The event was organized by the Bulgarian Chamber of Commerce and Industry in cooperation with Bridging Trade International and the Embassy of the Islamic Republic of Pakistan in Sofia. Tsvetan Simeonov, President of BCCI, opened the conference, welcoming the guests from Pakistan who represented companies working in the field of tourism, textile industry, leather...
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At a press conference, the President of the Bulgarian Chamber of Commerce and Industry Tsvetan Simeonov and the Chamber’s team of economic analysts presented the results of the “European Economic Survey 2020”*. For Bulgaria, the survey was conducted by BCCI among 555 companies, as part of the general survey of EUROCHAMBRES, involving 53,000 companies from 28 European countries. “The expectations of Bulgarian entrepreneurs for 2020 are optimistic, against the...
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Representatives of the management of the Bulgarian – Australian Business Chamber – Yoana Kehlibarova, CEO and Yulia Koleva, Executive Secretary, visited BCCI and discussed with the President of the Chamber Tsvetan Simeonov the opportunities for intensifying the cooperation between Bulgaria and Australia. Yoana Kehlibarova informed about previously expressed interest of Australian entrepreneurs with intentions for future investment in Bulgaria in the field of mining industry and...
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Petar Kopralev, Vice President of the Bulgarian Chamber of Commerce in San Francisco, visited BCCI and discussed with the President Tsvetan Simeonov the commercial and economic relations between Bulgaria and the USA. During the work meeting, information about the current economic situation in both countries was exchanged and new ideas for enhancing the bilateral economic cooperation were outlined. Some of them are already being implemented, including the project for renting/purchasing a...
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BCCI hosted a meeting with a delegation from Trabzon Chamber of Commerce and Industry, Turkey. The President of BCCI Tsvetan Simeonov welcomed the guests and said that the Chamber is open to sharing its best and most successful practices with its Turkish colleagues, including the digitalization of services, the practice of the Arbitration Court at BCCI, the support it provides for the development of innovative SMEs. During the event, the services of GS1 Bulgaria were presented as well as...
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H.E. Dr. Hasan Ulusoy, Ambassador Extraordinary and Plenipotentiary of the Republic of Turkey in Sofia, received an Honorary Diploma from the Bulgarian Chamber of Commerce and Industry on the occasion of the end of his term of office in Bulgaria. The award was presented by the President of BCCI Tsvetan Simeonov during the celebration of the National Day of Turkey. BCCI awarded Ambassador Ulusoy for his active collaboration with the Chamber and for his contribution to the development of the...
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A meeting of the Bulgarian business with representatives of the Embassies and the Commercial and Economic Sections accredited to Bulgaria was held at BCCI on 31 October. The event was organized by the Council of Sectorial Organizations at BCCI. Among the foreign participants were representatives of Bosnia and Herzegovina, Greece, Spain, Moldova, Poland, Romania, Serbia, Turkey and Ukraine. In his opening speech, the President of BCCI Tsvetan Simeonov emphasized the assistance provided by...
Full textOctober
The President of BCCI Tsvetan Simeonov met with Giancarlo Zanni, representative of the Chamber of Commerce and Industry of Modena, Italy, and Zahari Nikolov, General Manager of the website https://opportunitabulgaria.net/ They discussed possibilities for promoting the economic cooperation between Bulgarian and Italian business partners by providing useful, practical and timely information about the opportunities of the Bulgarian economy and market, in Italian language. The guests presented...
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A second meeting with the management of London Southside Chamber of Commerce was held in Sofia. The President of BCCI Tsvetan Simeonov discussed with his partners Gerry MacDonagh, Executive Director and Guy Audibert, Director of London Southside Chamber of Commerce, the opportunities for bilateral cooperation. In 2008, a delegation from South London visited BCCI and held b2b meetings with Bulgarian partners. Simeonov introduced his guests to the goals and mission of BCCI, which operates on...
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The Bulgarian Chamber of Commerce and Industry joined the initiative of the International Chamber of Commerce (ICC) for responsible behaviour of the business against climate change. The signature of President Tsvetan Simeonov placed BCCI among 2100 chambers of commerce worldwide supporting the noble cause. The very act of signing was carried out in the presence of the Presidents of the regional chambers of commerce and industry and representatives of the branch organizations at BCCI. In...
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The Investment Council at the Bulgarian Chamber of Commerce and Industry organized a presentation of Bulgaria as an investment destination in Milan, Italy. The event was organized with the assistance of EOS Matrix, the Consulate General of Bulgaria in Milan, the Commercial and Economic Section in Milan, and Promos Italia. The presentation aimed to inform the Italian business community about the opportunities for investing in different cities and sites in Bulgaria in the field of real...
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Representatives of the management of the newly established Bulgaria – Montenegro Chamber of Commerce and Industry visited BCCI. Nadezhda Vaneva, President of the bilateral chamber and Yulian Eftimov and Valentin Savov, members of the Board of Directors, discussed with the President of BCCI Tsvetan Simeonov the possibilities for intensifying the cooperation between Bulgaria and Montenegro. The guests informed about the registration of the Bulgaria – Montenegro Chamber of Commerce...
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Business meetings with Indian companies, organized by the Bulgarian Chamber of Commerce and Industry in cooperation with the India – Bulgaria Friendship Association were held at the Chamber. The event was organized with the assistance of the Indian – Bulgarian Business Chamber and the embassies of the two countries in Sofia and Delhi. The event was opened by Tsvetan Simeonov, President of BCCI, who said that there is a noticeable intensification of the relations with India both...
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The EUROCHAMBRES Economic Forum (EEF 2019) was held in Rome on 7-8 October this year. The Bulgarian Chamber of Commerce and Industry was represented by Mr. Tsvetan Simeonov, President, Mr. Georgi Stoev, Member of the Board of Directors of BCCI, and Ms. Iliyana Filipova, Vice-President of the Chamber of Commerce and Industry – Vratsa. Traditionally, the event brings together more than 300 leaders of European, national and local chambers of commerce and industry to discuss the changing...
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A team from the Embassy of Azerbaijan in Sofia visited the Bulgarian Chamber of Commerce and Industry. H.E. Ms. Nargiz Gurbanova, Ambassador Extraordinary and Plenipotentiary, Ms. Zulfiya Alizade, Third Secretary (Political Affairs) and Mr. Farid Mammadov, Third Secretary (Commercial Affairs) discussed with the Chamber’s President Tsvetan Simeonov future joint initiatives and events aiming to promote active foreign economic relations between companies from Azerbaijan and...
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The Bulgarian Ambassador to the Socialist Republic of Vietnam – H.E. Marinela Petkova, visited BCCI and met with the President of the Chamber Tsvetan Simeonov. The diplomat has been occupying various positions at the Embassy in the Asian country for four years. Simeonov discussed with Ambassador Petkova the upcoming visit of a business delegation from Vietnam to Bulgaria and the accompanying business forum prepared by BCCI, as well as issues concerning the bilateral economic...
Full textSeptember
BCCI and the Belgium – Bulgaria – Luxembourg Business Club are stepping up their partnership
- 27-09-2019
At BCCI, a meeting was held with the newly-elected President of the Belgium – Bulgaria – Luxembourg Business Club (BBL) Mrs. Rostislava Pavlova, who is also the CEO of Puratos Bulgaria. The main purpose of the meeting was to continue and expand the cooperation between the Chamber and the Business Club. The President of BCCI Tsvetan Simeonov presented the services which the Chamber provides to Bulgarian and foreign companies. An opportunity was negotiated for the BBL members to...
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H.E. Mr. Mario Adolfo Bucaro, Ambassador Extraordinary and Plenipotentiary of the Republic of Guatemala visited BCCI and met with the President of the Chamber Tsvetan Simeonov. The Honorary Consul of Guatemala in Bulgaria Mr. Veselin Simov and the Cultural and Educational Counselor at the Honorary Consulate of Guatemala in Sofia Ms. Silvia Veselinova also took part in the meeting. Ambassador Bucaro is based in Israel and is accredited to Bulgaria and Cyprus. During the meeting, the current...
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H.E. Dušan Štrauch, Ambassador Extraordinary and Plenipotentiary of the Czech Republic in Sofia, received an Honorary Diploma from the President of the Bulgarian Chamber of Commerce and Industry Tsvetan Simeonov on the occasion of the end of his term of office in the country. The Chamber honoured Ambassador Štrauch for his active collaboration with the Bulgarian Chamber of Commerce and Industry and for his contribution to the development of the economic cooperation...
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A large business delegation from the Iraqi Kurdistan region is visiting Bulgaria this week. The delegation visited the cities of Plovdiv, Haskovo and Sofia. The Bulgarian Chamber of Commerce and Industry organized one of the meetings in the capital, together with b2b talks with Bulgarian companies. The delegation is in the country at the invitation of the Haskovo Chamber of Commerce and Industry. In his opening speech, BCCI’s Secretary General Vasil Todorov stressed that the Chamber...
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As a member of the delegation accompanying the Prime Minister of the Republic of Bulgaria Boyko Borisov on his official visit to the Republic of Korea, the President of the Bulgarian Chamber of Commerce and Industry Tsvetan Simeonov met with Sohn Kyung-shik, Chairman of the Korea Enterprises Federation to discuss the role of employers’ organizations in supporting partnerships between companies and the workforce, building strong economic competitiveness at national level, stabilizing the...
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At BCCI a meeting with diplomats from the Kenyan Embassy in Berlin, accredited for Bulgaria, was held. The President of the Chamber Tsvetan Simeonov spoke with Matilda Lijembe, Minister and Lydiah Ojiambo, Minister-Counsellor. The Honorary Consul of Bulgaria to Kenya Ivaylo Dermendzhiev, who is a member of the Board of Directors of BCCI and of the Presidium of the Arbitration Court at the Chamber, also took part in the meeting. Tsvetan Simeonov introduced his guests to the work of the...
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H.E. Aliaksandr Lukashevich, Ambassador Extraordinary and Plenipotentiary of Belarus in Sofia, and Leonid Hinevich, First Secretary for Commercial Affairs at the Embassy, visited BCCI and discussed with the President of the Chamber Tsvetan Simeonov the bilateral commercial and economic relations and the current economic situation in both countries. Ambassador Lukashevich assessed the state of the turnover with Bulgaria and shared his views on expanding the cooperation. The special economic...
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H.E. Eric Lebedel, Ambassador Extraordinary and Plenipotentiary of the French Republic in Sofia received an Honorary Diploma from the President of the Bulgarian Chamber of Commerce and Industry Tsvetan Simeonov on the occasion of the end of his term of office in the country. The Chamber awarded the Ambassador for his active collaboration with the Bulgarian Chamber of Commerce and Industry and for his contribution to the development of the economic cooperation between Bulgaria and France...
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The President of BCCI Tsvetan Simeonov opened a Bulgaria – Indonesia Business Forum. The event was organized by the Bulgarian Chamber of Commerce and Industry, the Indonesian Chamber of Commerce and Industry – KADIN and the embassies of the two countries and coincided with the official visit of the Minister for Foreign Affairs of the Republic of Indonesia – Retno Marsudi to Bulgaria. Tsvetan Simeonov welcomed the participants of the forum and said that the Indonesian...
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The Bulgarian Chamber of Commerce and Industry and the Chamber of Commerce and Industry of Uzbekistan signed a Memorandum of Understanding and establishment of a Joint Bulgarian – Uzbek Business Council. The document was signed within the framework of the Fifth Intergovernmental Bulgarian – Uzbek Commission on Economic and Scientific and Technical Cooperation, which took place in Sofia last week. The main task of the Council will be to promote the bilateral cooperation. Tsvetan...
Full textBulgarian Chamber of Commerce and Industry and Baghdad Chamber of Commerce renew their partnership
- 13-09-2019
During a specially organized business forum at BCCI on the occasion of a visit of a business delegation from the Republic of Iraq in Sofia, a Memorandum of Understanding was signed, which makes provision for the renewal and enhancement of the cooperation between the chambers of commerce of both countries in order to facilitate business interaction. The President of BCCI Tsvetan Simeonov opened the forum and reaffirmed the Chamber's willingness to expand the relations with Iraqi partners...
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The President of BCCI Tsvetan Simeonov participated in the Opening of the Bulgarian-Saudi Business Forum. He added: “Our relations with Saudi Arabia have great potential that has not yet been used”. BCCI and the Council of the Saudi Chambers work actively since 2010. The bilateral business interests are in the following sectors: information technology, tourism, renewable energy sources, agriculture, construction, health care, insurance, law services, construction, food industry...
Full textAugust
Finding foreign business partners is crucial for the growth of every business. The Bulgarian Chamber of Commerce and Industry /BCCI/ is active in this field keeping vivid contacts with partnering business organizations worldwide – Chambers of Commerce and Industry, Associations, Unions as well as International Organizations. BCCI has signed over 280 cooperation agreements with foreign organizations for supporting bilateral and multilateral business contacts. WHAT? The...
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The Bulgarian Chamber of Commerce and Industry was honored with a plaque by the President of the Chamber of Commerce in Trabzon, Turkey, M. Suat Hacısalihoğlu. The General Secretary of BCCI Vasil Todorov was awarded with the prize, who expressed his gratitude to his Turkish colleagues for the good cooperation and fruitful joint initiatives in support of the business. The delegation represented by BCCI visited Trabzon to exchange good practices and experience in improving the services...
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The Ambassador of Northern Macedonia to Sofia H.E. Marjan Gjorchev discussed with the President of BCCI Tsvetan Simeonov the current state of the bilateral trade and economic relations. During the working meeting, a slight decline in the trade between the two countries for the first quarter of 2019 was noticed compared to the same period last year, as a result a task has been set to analyze the causes of the downturn and to identify concrete measures for the development of the trade and...
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The progress in the EU-Canada relations was the main topic of the conversation between the President of BCCI Tsvetan Simeonov and the Ambassador of Bulgaria in Canada Svetlana Stoycheva-Etropolski. Simeonov noted that the forums organized in 2017 and 2018 by BCCI and its partners entitled "Why Canada?" were extremely useful for explaining the benefits of the CETA agreement. The organization of another similar forum during Autumn 2019 in the town of Stara Zagora is foreseen together...
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H.E. Mrs. Sri Astari RASJID, Extraordinary and Plenipotentiary Ambassador of the Republic of Indonesia to Sofia, and representatives of the Embassy visited BCCI and discussed with the Chamber's President Tsvetan Simeonov the bilateral trade and economic relations as well as upcoming initiatives. In addition to the current economic situation in Bulgaria and Indonesia, another point of discussion was the forthcoming visit of the Minister of Foreign Affairs of Indonesia-Mrs. Retno Marsudi...
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The Ambassador of the Republic of Korea H.E. Jingyu Jung, together with representatives of the embassy in Sofia, visited BCCI and spoke with the President Tsvetan Simeonov and Ivo Mihailov, Honorary Consul of the Republic of Korea and President of the Management Board of the Bulgarian-Korean Chamber of Commerce and Industry. Ambassador Jung informed of an upcoming second meeting of the Bulgarian-Korean Economic Cooperation Committee which is about to be held on September 11 in Seoul. A...
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At the Bulgarian Chamber of Commerce and Industry a meeting with the newly appointed Ambassador of Bulgaria to the Islamic Republic of Pakistan - Assoc. Prof. Alexander Parashkevov was held. The President of the Chamber Tsvetan Simeonov discussed with his guest and Irena Gancheva, Advisor at Directorate “Asia, Australia and Oceania” of the Ministry of Foreign Affairs, topical issues related to the development of the economic and trade relations between Bulgaria and...
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The Bulgarian Chamber of Commerce and Industry hosted a working meeting with a representative delegation from Shanghai, China with interests in the production of medical devices, medical technology and pharmaceutical products. Georgi Stoev, member of the Board of Directors of BCCI, introduced the guests from the Shanghai Municipal Trade Committee to the economic environment in Bulgaria and the activities of BCCI in assisting Bulgarian and Chinese partners to expand their cooperation. The...
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69% of Bulgarian companies that took part in a recent survey conducted by BCCI under the ERIAS – European Refugees Integration Action Scheme project say they need additional permanent staff, while 14% are looking for seasonal workers. A quarter of the surveyed employers do not need new workers at the moment. Professionals with average qualifications are most in demand – needed by 62% of companies. 18% are looking for highly qualified employees, and 20% would hire workers without...
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After a number of successful meetings with various representatives of the business community of the Republic of Sakha (Yakutia), part of the Russian Federation, the President of the Bulgarian Chamber of Commerce and Industry Tsvetan Simeonov and the President of the Chamber of Commerce and Industry of Yakutia Vladimir Chlenov signed a Memorandum of Understanding. The documents aims at creating conditions and providing assistance by both chambers for the expansion of the economic and...
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The President of BCCI Tsvetan Simeonov met with the newly appointed Head of Bulgaria’s Commercial and Economic Section in Munich – Stefan Yonkov. Following his previous term-of-office in Berlin, Yonkov shared the priorities of his work aimed at deepening the ties between Bulgarian business and BCCI with partners from the Bavaria and Baden-Württemberg provinces. The trends in bilateral trade between Bulgaria and Germany were discussed. Over the last two years, Bulgaria has a...
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On 1 August 2019, the Bulgarian Industrial Capital Association (BICA), the Bulgarian Chamber of Commerce and Industry (BCCI) and the Confederation of Employers and Industrialists in Bulgaria (KRIB) sent a signal to DG “Competition” of the European Commission and the Agency for the Cooperation of Energy Regulators (ACER) for violations in the energy sector. On 22 July, the signal was also sent to Bulgarian Commission for the Protection of Competition (CPC) and concerns...
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At a press conference, the Bulgarian Chamber of Commerce and Industry presented its annual publication “Bulgaria in figures”®, which traditionally presents the most important economic indicators of Bulgaria. The publication provides important information about the country’s economy in English, with an emphasis on the achievements and the advantages of doing business in Bulgaria. It contains summarized data on the country’s GDP, foreign trade, investment, and labour...
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The President of the Bulgarian Chamber of Commerce and Industry Tsvetan Simeonov had a working meeting the with the newly-appointed Head of Bulgaria’s Commercial and Economic Section in Belgrade, Serbia – Mr. Alexander Angelov. He introduced the Commercial Counsellor to BCCI’s activities and services, its relations with partner organizations in Serbia, and the opportunities to assist Bulgarian and Serbian companies in order to intensify the foreign economic relations. The...
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H.E. Valentin Modev, Ambassador Extraordinary and Plenipotentiary of the Republic of Bulgaria to Mexico, visited BCCI and met with the Chamber’s President Tsvetan Simeonov. The state of the bilateral commercial and economic relations was the main topic of discussion. During the meeting, the unsatisfactory level of development of the bilateral trade was noted, despite the successful examples of offering Bulgarian cosmetics, light industry and machine-building products on the Mexican...
Full textBulgarian – Italian Chamber of Commerce and Industry to be officially opened in Bari, Italy
- 05-08-2019
The President of BCCI Tsvetan Simeonov had a meeting with H.E. Todor Stoyanov, Ambassador Extraordinary and Plenipotentiary of the Republic of Bulgaria to Italy, Mr. Pasquale Lacasella, owner of the consultancy agency “Net Solution” SRL, and Ms. Tanya Tsaneva, an associate at the agency. During the meeting, the cooperation with Italy was reviewed. Ambassador Stoyanov outlined his priorities during his term of office in Rome. He emphasized the need to promote the Bulgarian...
Full textBCCI and the Ministry of Economy awarded Bulgarian commercial and economic sections abroad
- 05-08-2019
For the 9th consecutive year, the Bulgarian Chamber of Commerce and Industry in cooperation with the Ministry of Economy of the Republic of Bulgaria awarded the most successful Bulgarian commercial and economic sections abroad during an official ceremony held at the Chamber. First place in the classification, with indisputable results for 2018, went to the Bulgarian Commercial and Economic Section in Romania, with Head Mr. Ivaylo Marinov. “In addition to developing the economic ties,...
Full textJuly
Meeting with the newly-appointed Head of the Bulgarian Commercial and Economic Section in Berlin
- 23-07-2019
The newly-appointed Head of the Bulgarian Commercial and Economic Section in Berlin Aneta Gruycheva visited the Bulgarian Chamber of Commerce and Industry and met with the Secretary General Vasil Todorov. The areas of cooperation between BCCI and the Association of German Chambers of Commerce and Industry (DIHK), as well as the partnership with the German – Bulgarian Chamber of Commerce and Industry were discussed during the meeting. Vasil Todorov emphasized the spheres of common...
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The Secretary General of the Bulgarian Chamber of Commerce and Industry Vasil Todorov took part in a Conference on Economic and Commercial Cooperation China /Shenzhen/ - Bulgaria, which was held in Sofia. More than 30 representatives of the Bulgarian business had the chance to establish contacts with Chinese companies working in the field of fintech, cross border e-commerce, logistics, etc., and to learn more about partnership opportunities with businesses from the high-tech center of China...
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Enterprise Europe Network at the Bulgarian Chamber of Commerce and Industry hosted the traditional meeting of the EU Club to discuss the achievements of the Romanian Presidency of the Council of the EU and its assumption by the Republic of Finland. The event was officially launched by the President of BCCI Tsvetan Simeonov, who said that “In order to have a better economic environment, the citizens of the European Union need to be more active” and assessed the implementation of...
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A delegation led by the Executive Vice President of China Construction Bank (CCB) Mr. Zhang Gengsheng visited BCCI and met with the President of the Chamber Tsvetan Simeonov. The purpose of the meeting was to discuss the possibilities for developing bilateral cooperation. BCCI’s President Tsvetan Simeonov welcomed the delegation and said that the opening of a branch of the Chinese bank in Bulgaria was one of the issues discussed during the visit of the Bulgarian Head of State Rumen...
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In connection with the priorities of the Arbitration Court at BCCI, among which the updating of the level of digitalization of the Arbitration Court through the improvement of the computer programme of the Arbitration Court and the expansion of the database of arbitration cases, laid down in the programme for 2019, with regard to the development of an English version for the international arbitration cases, we are pleased to inform you that as of 15 July this year, the English version of the...
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At BCCI, a conference to report on the results of the conducted seminar for managers and experts of the Chamber, the regional chambers of commerce and industry, the branch organizations and BCCI’s member-companies in China, was held. The event was organized in cooperation with the Embassy of the People’s Republic of China in Sofia and aimed at presenting the results of the visit as well as discussing future cooperation opportunities. The conference was opened by the Secretary...
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In his capacity of a Chairman of Business Council at the Black Sea Economic Council /BSEC/ in the period January- June 2019, Mr. Tsvetan Simeonov, President of the BCCI, participated in the 40th meeting of the of the BSEC Council of Ministers of Foreign Affairs, which was held in Sofia. Mrs. Ekaterina Zaharieva, Minister of Foreign Affairs and Deputy Prime Minister of Bulgaria, open the event and declared that the Bulgarian Presidency has been practical and oriented to results,...
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The business delegation, accompanying the President of the Republic of Bulgaria Rumen at the time of his official visit to China, took active participation during the Bulgarian-Chinese Business Forum in Dalian, China. Participants in the forum were more than 130 representatives of the business in the two countries. The President of the Chinese Council for the Promotion of International Trade in Dalian, Mr. Kui Tie opened the forum, which was a parallel event of the summer edition of the World...
Full textRepresentatives of the Bulgarian Business Participated in the World Economic Forum in Dalian, China
- 05-07-2019
Representatives of the Bulgarian business took part in a session during the Word Economic Forum in Dalia, dedicated on the dialogue between the Chinese state enterprises and the Bulgarian authorities. The President of the Republic of Bulgaria Rumen Radev, was a guest at the meeting. In his speech the Bulgarian head of state focused on the active political dialogue between the institutions of Bulgaria and China, and on the high level of trust between the two countries. He outlined that due...
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Deputies from seven Brazilian provinces visited the BCCI and met with President Tsvetan Simeonov. They took note of the economic environment in Bulgaria, the work of the Chamber of Commerce and presented the sectors in which they work. Kennedy Nouss, a state deputy from Santa Caterina and chairman of the National Union of Legislators and Legislative Bodies UNALE, presented the members of the delegation who, besides MPs at the regional level, are also businessmen. There has been a mutual...
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BCCI’s President Tsvetan Simeonov held a meeting with the Trade Advisor at the Embassy of Poland in Sofia - Krzysztof Pusłowski, a representative of the Polish Investment and Trade Agency. The occasion for the meeting is the upcoming forum, part of the framework of the Western Balkans high level summit, which is going to be held on July 4th, 2019 in Poznan. The idea of the meeting is the integration of the Western Balkans with the countries from the European Union through...
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BCCI hosted a meeting with leading representatives of the International Bank for Economic Cooperation (IBIS) with headquarters in Moscow. President Tsvetan Simeonov spoke to Zbigniew Ekiert, deputy director “Clients‘relations”, and Ivan Hristov, deputy director “Financial institutions and capital market”. The main topics of the conversation included the plans and opportunities for development of the bank in favor of the Bulgarian business and partners from:...
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Bulgaria's newly appointed Ambassador to Indonesia Petar Andonov * visited BCCI and talked with President Tsvetan Simeonov. Ambassador Andonov is also accredited for Singapore, Malaysia, East Timor and Brunei Darussalam. Simeonov announced the excellent relations, the exchanged business visits and the concluded cooperation agreements of the Chamber with similar organizations in the respective countries. He also presented the activities of the 28th regional chambers and GS1...
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BCCI President Tsvetan Simeonov and Wang Xuequan, the commercial counselor to the Embassy of China in Bulgaria, sent off a representative delegation of 23 managers and experts from the Bulgarian Chamber of Commerce and Industry, regional Chambers of Commerce and Industry, branch organizations and companies – members of BCCI, who will undergo a two-week training course in China. The purpose of the visit is to get acquainted with even more opportunities offered by cooperation under the...
Full textJune
The Bulgarian Chamber of Commerce and Industry together with the Association of the European Chambers of Commerce is organizing a seminar on the topic “Opportunities and challenges of EU-Turkey Customs Union”, that will take place on 26 June 2019, 10.00 o`clock at the premises of the BCCI, Sofia, 1058, 9, Iskar Str. The event is part of the project Turkey – EU Business Dialogue. The overall objective of the TEBD project is to strengthen mutual...
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The President of BCCI Tsvetan Simeonov and Georgi Stoev, Member of the Board of Directors of the Chamber, took part in a meeting of the Board of Directors of the Association of the European Chambers of Commerce and Industry (EUROCHAMBRES) in Brussels. The participants in the meeting were addressed by the President of the European Parliament Antonio Tajani: “I have always worked very well with @EUROCHAMBRES, the voice of enterprise. Without SMEs, we cannot create jobs and give...
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The Secretary General of BCCI Vasil Todorov met with the Director of the Portugal Global Trade and Investment Agency (AICEP) Joaquim Pimpao, seated in Budapest. The topics of discussion included the economic development of Bulgaria and the potential areas of cooperation with Portugal. Vasil Todorov presented up-to-date information about the economic growth and perspective sectors of the Bulgarian economy. He also presented the activities of BCCI aimed at solving the problems which Bulgarian...
Full textBCCI hosted the regular meeting of the Board of Directors of the Black Sea Economic Cooperation
- 14-06-2019
The Bulgarian Chamber of Commerce and Industry hosted the 60th regular meeting of the Board of Directors of the Black Sea Economic Cooperation (BSEC) Business Council. Representatives of BCCI’s partners from Armenia, Azerbaijan, Greece, Romania, Russia and Ukraine took part in the discussion. BCCI presented a report on the activities completed by the BSEC Business Council since the beginning of the year, as well as information about several upcoming events until the end of the...
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The newly-appointed Ambassador Extraordinary and Plenipotentiary of Bosnia and Herzegovina in Bulgaria H.E. Zdravko Begovic visited BCCI and discussed the current status of the bilateral trade and economic relations with the President of the Chamber Tsvetan Simeonov. Tsvetan Simeonov acquainted Ambassador Begovic with the activities of the Chamber and the main services it provides in support of businesses, such as the Unified Trade Register of BCCI, the Arbitration Court, and GS1 Bulgaria....
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The President of the Bulgarian Chamber of Commerce and Industry Tsvetan Simeonov, as a delegate of the Bulgarian employers at the 108th session of the International Labour Conference (ILC), presented a report on behalf of the Association of the Organizations of Bulgarian Employers (AOBE). In his address, he emphasized the contribution of the International Labour Organization (ILO) to social peace and defined the organization as an institution that successfully adapts to the new labour...
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The President of BCCI Tsvetan Simeonov met with the newly-appointed Ambassador of Bulgaria to Ireland Gergana Karadzhova. Tsvetan Simeonov presented the activities of the Chamber, emphasizing the promotion of bilateral economic cooperation with a focus on the contacts and initiatives with Irish partners. He stressed the strong relations maintained within the Association of the European Chambers of Commerce and Industry. Gergana Karadzhova outlined the priorities of her mission, which...
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A business delegation accompanied the President of the Republic of Bulgaria Rumen Radev at the Fourth Summit meeting and Business Forum of the Three Seas Initiative on 5 and 6 June in Ljubljana, Slovenia. BCCI, as a partner of the Three Seas Initiative and the network of chambers of commerce of the countries of the Initiative, prepared the participation in the event in cooperation with the Administration of the President of the Republic of Bulgaria. The business delegation was led by...
Full textOn 4 June a regular General Assembly of the Bulgarian Chamber of Commerce and Industry was held
- 07-06-2019
A new 87-member Board of Directors of the Bulgarian Chamber of Commerce and Industry (BCCI) was elected during the 34th regular General Assembly of the Chamber, held on 4 June. Tsvetan Simeonov was re-elected as President of the Board of Directors of BCCI. Krasimir Dachev and Todor Tabakov were elected as Vice-Presidents of the Board of Directors. As members of the new Executive Council of BCCI, in addition to the President and the Vice-Presidents, were elected Valentina Zartova,...
Full textMay
The President of BCCI Tsvetan Simeonov addressed the members and guests of the General Assembly of the Bulgaria – Israel Chamber of Commerce and Industry, held on 28 May, reminding them that the organization has the support of the Israeli Embassy in Bulgaria and the Bulgarian Embassy in the State of Israel. Tsvetan Simeonov referred to his constructive talks with the newly appointed Bulgarian Ambassador to the State of Israel – Mrs. Rumyana Bachvarova, who has an ambitious...
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A business forum organized by the Bulgarian Chamber of Commerce and Industry in cooperation with the Eurasian Peoples’ Assembly, a non-governmental organization comprising business associations from 67 countries, was held at the Chamber. The event was attended by participants from Bulgaria, India, Kazakhstan, Kyrgyzstan, Russia, Serbia and France. In his opening speech, the Secretary General of BCCI Vasil Todorov stressed that the forum provides a good platform for acquainting...
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The Bulgarian Chamber of Commerce and Industry actively supported the call for maximum participation of the European and Bulgarian voters in the European Parliament 2019 elections. BCCI considers that the European and Bulgarian institutions should continue their efforts for wider involvement of the European citizens, including of Bulgarian citizens, in the process of discussing and solving the issues of the European agenda. The call of the President of the Association of the European...
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"The automotive industry, food industry and tourism are sectors with great potential for development of the bilateral economic cooperation between Bulgaria and Slovakia", said the Secretary General of BCCI Vasil Todorov during the opening of a business forum with Slovak companies held in Sofia. The event was organized by the Bulgarian Chamber of Commerce and Industry, Trnava Regional Chamber - Slovakia and the Embassy of the Slovak Republic in Sofia, with the assistance of EEN at...
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During a meeting with the President of BCCI Tsvetan Simeonov, the Regional Operations Manager of Schreiber Foods - Danko Stoimenov presented the activity of the company, which is a leader in the production of private brands of fresh dairy products – milk, yogurt, cheese, drinkable yogurt with fruits, etc. The company is a direct member of BCCI. It started its activity in Bulgaria on 30thJanuary 2014 by purchasing the production plant of “Danone Serdika” AD in Sofia...
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The President of BCCI Tsvetan Simeonov met with the newly-appointed Ambassador of the Republic of Bulgaria to the State of Israel – Rumyana Bachvarova. Due to BCCI’s extremely active relations with partners from Israel - the Federation of Israeli Chambers of Commerce, the Israel – Bulgarian, and the Bulgarian – Israel Chambers of Commerce, there are plenty of opportunities and forms of bilateral economic cooperation, Tsvetan Simeonov said during the meeting. In the...
Full textSeminar at BCCI promoting trade and economic cooperation between Bulgaria and South Africa
- 23-05-2019
The Bulgarian Chamber of Commerce and Industry hosted an information seminar “South Africa – Economy and Investment”, organized jointly with the Embassy of the Republic of South Africa. In his opening speech, the President of BCCI Tsvetan Simeonov noted the excellent cooperation with the Embassy of the Republic of South Africa. “Providing up-to-date information on the economic development of the Republic of South Africa, priority areas for attracting investment,...
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H.E. Dong Xiaojun, Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China in Sofia visited BCCI and met with the Chamber’s President Tsvetan Simeonov. The Commercial Counsellor Wang Xuekun, as well as representatives of the Chinese Embassy’s team also took part in the discussion. During the meeting, the economic situation in Bulgaria and China was discussed and increased business interest of both countries was noted in the opportunities for greater...
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The President of the Bulgarian Chamber of Commerce and Industry Tsvetan Simeonov met with the newly-appointed Bulgarian Ambassador to Belarus Georgi Vasilev. After successfully completing his missions in Vietnam and Japan, Ambassador Vasilev shared his goals as head of Bulgaria’s diplomatic representation in Minsk. The trade and economic relations between Bulgaria and Belarus need activation and encouragement, he said. In this regard, it was agreed to unite the efforts and organize...
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Prof. Victor Schachter, President of the Foundation for Sustainable Rule of Law Initiatives – USA, visited BCCI and met with the Chamber’s management, the management of the Arbitration Court and mediators, partners of the Chamber from the Professional Association of Mediators in Bulgaria, and the Agreement and Mediation Center at District Court of Sofia and Sofia City Court. This was the second meeting with Prof. Schachter at BCCI. The relationship between conflicts,...
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During a lecture at BCCI, H.E. Masato Watanabe, Ambassador Extraordinary and Plenipotentiary of Japan in Bulgaria presented the progress in the bilateral relations Bulgaria-Japan in politics, economy and culture, in the context of the entry into force of the EU-Japan Economic Partnership Agreement. He said that the main sectors of cooperation between the two countries are IT and automotive industry. The Ambassador mentioned the series of high-level visits held in 2018 – of the...
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The idea for the establishment of a joint Bulgarian-Moroccan Chamber of Commerce and Industry/Business Council was proposed by BCCI in 2005, but only in the last year concrete steps have been taken in this direction. Business and governmental visits to both countries have been the catalyst for the idea and there is already readiness to implement it. The steps taken and the progress in setting up a joint business organization were discussed during a meeting between the President of BCCI...
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The Bulgarian Chamber of Commerce and Industry is pleased to announce that on 22 May 2019 it will host a Eurasian Business Forum, initiated by the Eurasian Peoples’ Assembly /www.eurasia-assembly.org/. The topics to be addressed during the forum include: the role of the business community in Eurasian integration, globalization, prospects of business cooperation, potential in mutual trade and international cooperation between the Eurasian countries and in particular with...
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The activation of the bilateral relations between Bulgaria and Jordan was discussed during a meeting held at BCCI between the President of the Chamber Tsvetan Simeonov and the newly-appointed Bulgarian Ambassador to Jordan Dimitar Mihaylov. The current situation in Jordan and the region was discussed. The role of the business delegations organized by BCCI to Jordan and other countries in the region, as well as BCCI’s cooperation with partner organizations in the Hashemite Kingdom were...
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The President of BCCI held a meeting with the newly appointed Head of the Commercial and Economic Affairs Office in Zagreb Mirela Taseva. The development of the bilateral economic relations was discussed. Areas of bilateral interest were jointly outlined, in which BCCI and the Trade and Economic Office will encourage the links between entrepreneurs from the both countries: tourism, HoReCa sector, development of mobile and internet networks, agriculture, machinery and equipment, textiles and...
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Good wine is becoming more and more important part of the urban culture. Therefore, the Balkans International Wine Competition And Festival (BIWCF) will take place in 2019 for the 8th time, but now with a new outdoor location, at the very heart of Sofia – in front of the National Palace of Culture. The current edition of the unique forum, targeting Balkan wine, will direct the attention of the world wine community to this interesting and distinctive region between 5 and 9 June....
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The Ambassador of Benin, accredited for Bulgaria, H.E. Eloi Laourou, visited BCCI. He talked to the President of BCCI - Mr. Tsvetan Simeonov. Fifame Goussoueme De-Dovonou also attended the meeting, attaché at the Embassy of Benin in Switzerland. The purpose of the meeting was to discuss the economic development of Bulgaria and the African country. Ambassador Laourou briefly outlined the reforms that the Benin government implements for the promotion of the economic development and the...
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H. Exc. Toufic Jaber, the Ambassador of the Republic of Lebanon to Sofia, visited the BCCI and had a regular meeting with the President of the Chamber, Mr. Tsvetan Simeonov. Mr. George Riachi, the President of the Association of the Lebanese in Bulgaria, also participated in the meeting. During the meeting the main topic of the discussions was the current state of the economic relations between Bulgaria and Lebanon. The Ambassador Jaber acquainted the participants with the forthcoming...
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H. E. Mr. Manuel Korček, Ambassador Extraordinary and Plenipotentiary of the Slovak Republic, visited BCCI and talked with President of BCCI – Mr. Tsvetan Simeonov. Viktor Petrasovsky, Second Deputy Head of Mission, also attended the meeting. The economic situation in both countries and the opportunities for achieving even better indicators were discussed. In this respect, Ambassador Korček, informed on an upcoming visit of a Slovak business mission, taking place on May 21st this...
Full textApril
The Ambassador of Albania in Sofia H.E. Mrs. Donika Hoxha and representatives of the construction company Gener 2 visited BCCI and discussed with the President of the Chamber the opportunities for cooperation with Bulgarian partners. The Albanian company Gener 2 is specialized in the construction of residential buildings, commercial and industrial zones, road construction. The company has built a number of business buildings, shopping centers, roads and industrial facilities. Gener 2 is one...
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A meeting with the newly appointed Bulgarian Ambassador to Moldova Evgeni Stoychev was held at BCCI. The President of the Chamber Tsvetan Simeonov introduced his guest to BCCI’s relations with partners in Moldova, including the Chamber of Commerce and Industry of the Republic of Moldova, the Court of Arbitration, Moldexpo, etc. The interaction with these organizations is carried out at European level /EUROCHAMBRES/, Black Sea level /within the BSEC Business Council/, and national...
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A Turkish business delegation from Kocaeli Chamber of Industry, led by Mr. Atalay Kaya, Member of the Board, visited BCCI. The aim of the visit was to discuss the opportunities for cooperation and hold bilateral business meetings between companies from both countries operating in various sectors. The event was opened by Vasil Todorov, Secretary General of BCCI, who presented the services of the Chamber. He emphasized the good relations between the Bulgarian regional chambers of commerce and...
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On 15 April, the Bulgarian Chamber of Commerce and Industry hosted a business delegation of 14 Taiwanese companies from the sectors machine building, metalworking, textiles and apparel, 3D printing, etc. The delegation was organized by the Taiwan Trade Center (TAITRA) in Sofia. The event was opened by the Vice-President of BCCI Georgi Stoev, who pointed out the Chamber’s excellent cooperation with TAITRA. He presented the services of BCCI, which are useful not only for the Bulgarian...
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The Bulgarian Chamber of Commerce and Industry (BCCI) and Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) signed a Memorandum of Understanding. The document was signed by the President of BCCI Tsvetan Simeonov and the Vice-President of ICCIMA Hossein Selahvarzi during the 19th session of the Bulgarian – Iranian Intergovernmental Commission for Economic, Industrial, Trade and Technical Cooperation, taking place in Sofia on 16 - 19 April...
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A Dutch business delegation, organized by the business and employers’ organization Confederation of Netherlands Industry and Employers (VNO-NCW) visited Sofia. More than 50 meetings between Dutch and Bulgarian companies were held at the Bulgarian Chamber of Commerce and Industry. The Dutch delegation also visited several companies – retailers of food products, and non-food chains. The Ambassador Extraordinary and Plenipotentiary of the Kingdom of the Netherlands to Bulgaria H.E....
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The President of BCCI Tsvetan Simeonov attended the official opening of the Sofia office of the prestigious business media Financial Times (FT). "The choice of Sofia by one of the most prestigious business media in the world means great trust and opportunities," Yordanka Fandakova, Mayor of Sofia, said at the opening. By the end of the year, the office is expected to hire 130 employees who will be responsible for engineering, development, design and economic analysis. Cait...
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H.E. Doan Tuan Linh, Ambassador Extraordinary and Plenipotentiary of Vietnam to Bulgaria, and a team of the Embassy visited BCCI and discussed with the Chamber’s President Tsvetan Simeonov practical steps towards the development of bilateral trade and economic relations. Ambassador Linh informed about the latest developments of the forthcoming signing of an agreement for the exchange of skilled labour force between Vietnam and Bulgaria. The legal framework for this exchange is a good...
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The President of BCCI Mr. Tsvetan Simeonov participated in the Sixth Meeting of the Bulgarian-Georgian Intergovernmental Commission for Trade, Economic, Scientific and Technical Cooperation. The meeting was held in Sofia on April 4-5 and was chaired by the Minister of Transport, Information Technology and Communications - Mr. Rosen Zhelyazkov and the Minister of Economy and Sustainable Development of Georgia – Mr. George Kobulia. A Memorandum of Understanding between BCCI and...
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The German company for data cables and electronic components MD Elektronik celebrated the symbolic start of construction of its first factory in Bulgaria, which will be built by the Bulgarian construction-investment company “Horizont-Ivanov”. The Deputy Prime Minister for Economic and Demographic Policy Mariana Nikolova, the Mayor of Vratsa Kalin Kamenov, the Executive Director of Invest Bulgaria Agency Stamen Yanev, Members of the Board of MD Elektronik Robert Hoffman and...
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Gebran Bassil, Minister of Foreign Affairs and Emigrants of the Lebanese Republic, visited BCCI accompanied by a delegation of representatives of the Lebanese government and business. The President of BCCI Tsvetan Simeonov introduced the guests to the priorities of the Chamber and pointed out that the organization protects the equal rights of investors in Bulgaria, regardless of which country they come from. He said that the Chamber is closely monitoring the positive development of the...
Full textBCCI and Iran Chamber of Commerce, Industry and Mines to sign a Memorandum of Understanding
- 05-04-2019
Ali Akbar Rezaei, Counsellor for Economic Affairs at the Embassy of Iran in Sofia, and Saeid Hadaei, Chairman of the Iranian – Bulgarian Business Association, visited BCCI and discussed with the President of the Chamber Tsvetan Simeonov future joint initiatives. In the focus of discussion was the 19th session of the Joint Bulgarian – Iranian Intergovernmental Commission for Economic, Industrial, Trade and Technical Cooperation, which will take place on 16 -19 April 2019 in...
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BCCI hosted a Bulgarian – Lebanese Business Forum, organized in cooperation with the Commercial Section of the Embassy of Bulgaria in Lebanon, in connection with a study visit to Bulgaria of an expert delegation from the Ministry of Industry of Lebanon. The event was officially opened by the President of BCCI Tsvetan Simeonov. He said that the visit comes only days after the official visit of Lebanon’s Minister of Foreign Affairs and Emigrants to Sofia, which is a sign of the...
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The President of BCCI Tsvetan Simeonov met with the Ambassador of Hungary in Sofia – H.E. Mrs. Tekla Harangozo. The First Secretary for Commercial Affairs of the Embassy Mr. Tamas Budai also took part in the meeting. During the meeting, the upcoming second session of the Intergovernmental Bulgarian – Hungarian Committee on Economic Cooperation, which will take place on 15-16 April 2019 in Budapest, Hungary was discussed. In this regard, a Bulgarian delegation will participate in...
Full textMarch
Intensification of the economic and commercial relations between Italian and Bulgarian companies
- 22-03-2019
The President of BCCI Tsvetan Simeonov had a meeting with Mr. Pasquale Lacasella, owner of the consultancy agency “Net Solution” SRL, and Mrs. Tanya Tsaneva, associate of the agency. The aim of the meeting was to discuss the progress of the registration of a Bulgarian – Italian Chamber of Commerce and Industry in Bari, Italy. The association has already been registered in Italy and is expected to be officially launched in the coming months, in the presence of representatives...
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The President of BCCI Tsvetan Simeonov took part in a business discussion with H.E. Doan Tuan Linh, Ambassador Extraordinary and Plenipotentiary of Vietnam. The discussion took place at the Embassy of the Socialist Republic of Vietnam in Sofia and included a team of the Embassy and representatives of Bulgarian companies working on the Vietnamese food market. During the talks, important questions were raised about the problems faced by Bulgarian companies in relation to issuance of different...
Full textThe President of BCCI presented the business environment in Bulgaria before British companies
- 22-03-2019
The President of BCCI Tsvetan Simeonov presented the activity of the Chamber during a workshop dedicated to the future of bio technologies and the cooperation between Bulgaria and the United Kingdom in the sector. The event was organized by the British Embassy in Sofia and the UK Science and Innovation Network. The workshop aimed at creating a sustainable business network and fostering a successful collaboration between UK and Bulgaria in the field of biotechnology. The emphasis was placed...
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H.E. Mr. Anzej Franges, Ambassador Extraordinary and Plenipotentiary of Slovenia in Bulgaria, and Mrs. Barbara Bericic, First Counsellor at the Embassy, visited BCCI and discussed with the President of the Chamber Mr. Tsvetan Simeonov the bilateral commercial and economic relations. Ambassador Franges provided information about the Bulgarian – Slovenian Business Forum that was held at the Chamber of Commerce and Industry of Slovenia with the participation of the President of the...
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Mr. Abdulelah Aljebreen, Deputy Head of the Embassy of the Kingdom of Saudi Embassy in Sofia, visited BCCI and met with the Chamber’s President Tsvetan Simeonov. During the meeting, information on Saudi Arabia’s “Vision 2030” was presented. Mr. Abdulelah Aljebreen pointed out that the project aims to diversify the country’s economy so that it has other sources of profit besides oil. The idea is to develop sectors such as local production, healthcare, education,...
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The President of the Bulgarian Chamber of Commerce and Industry Tsvetan Simeonov had a working meeting with the Chargé d’Affaires a.i. of the Embassy of the Islamic Republic of Pakistan in Sofia Mr. Marwan Alex Ayyash. The aim of the meeting was to discuss the commercial and economic cooperation between the two countries and the opportunities for its promotion. The need and possibility of establishing bilateral economic ties was also discussed. According to information of the...
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At the end of last week, the Bulgarian Chamber of Commerce and Industry hosted the 5th edition of the Sofia VIS Pre-Moot - a competition for students with focus on international commercial arbitration and international sale of goods. Sofia Pre-Moot is a simulated arbitration process related to the implementation of the UN Convention on the International Sale of Goods (CISG). It is conducted in English and aims to allow the participating universities to prepare their teams for...
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Dr. Dominik Isler, CEO of the Swiss Economic Forum, visited BCCI and met with the Chamber’s President Tsvetan Simeonov. Dr. Isler visited the country to consider the possibilities of developing new investment projects in Bulgaria. During the meeting with Tsvetan Simeonov, he got familiar with the favorable macroeconomic conditions for local and foreign businesses. The President of BCCI informed his guest about Bulgaria’s stable economic growth, low taxes, lack of currency risk,...
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On 12 March, a regular annual meeting of the Board of Directors of the Bulgarian Chamber of Commerce and Industry was held, which adopted the Report on the activity of the Chamber in 2018, BCCI’s Annual Financial Report for 2018, the Position of the Executive Council of BCCI on the Report for 2018, and the Report on the activity of the Supervisory Council in 2018. In order to achieve the goals and objectives of the Chamber, the Board of Directors adopted the Programme for the activity...
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“Achieving a high and sustainable economic growth is only possible in high added-value industries where science and innovation are leading. This will also help achieve our country’s goals for high income, high living standards, eradication of poverty and inequalities, quality infrastructure, education, health care.” With these words, the President of the Republic of Bulgaria Rumen Radev opened the round table discussion “For Competitive and Prosperous Bulgarian...
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The President of BCCI Tsvetan Simeonov had a working meeting with the Honorary Consul of the Republic of Bulgaria in Luxembourg Dimitrios Zois. The main topic of discussion was the upcoming visit of a Bulgarian business delegation to Luxembourg on 3 – 4 April 2019, which is organized by BCCI in cooperation with the Chamber of Commerce of Luxembourg and the Bulgarian Embassy in Brussels. Tsvetan Simeonov informed the guest about the programme of the visit, which includes a business...
Full textSurvey: Swedish companies – investors in Bulgaria, plan to expand their activity in the next 3 years
- 08-03-2019
At BCCI a presentation of the “Opportunities and challenges for doing business in Bulgaria” was held. The event was dedicated to a survey among Swedish companies – investors in Bulgaria conducted by Business Sweden in cooperation with the Embassy of Sweden. The President of BCCI Tsvetan Simeonov opened the event and said that BCCI provides support and assistance to all investors – whether Bulgarian or foreign. He pointed out that the innovative example, which is...
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The Prime Minister of the Republic of Bulgaria Boyko Borisov and the Prime Minister of the Russian Federation Dmitry Medvedev opened a Bulgarian-Russian Business Forum in the field of tourism. The forum was attended by the Bulgarian Minister of Tourism Nikolina Angelkova, the Minister of Economic Development of the Russian Federation Maxim Oreshkin, mayors, and representatives of the Bulgarian and Russian tourism business. The President of BCCI Tsvetan Simeonov was among the official...
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The newly-appointed Second Secretary for Commercial Affairs at the Embassy of the Socialist Republic of Vietnam in Bulgaria, Pham TUAN HUY, visited the BCCI and discussed with the management of the Chamber the opportunities for development of the bilateral cooperation. The President of BCCI Tsvetan Simeonov, the Secretary General Vasil Todorov, and Miroslava Markova, Chief Expert "International Cooperation and International Organizations" at BCCI took part in the meeting. The...
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The newly-appointed Commercial Counsellor at the Chinese Embassy in Sofia Wang Xuekun visited BCCI and met with the President of the Chamber Tsvetan Simeonov. The occasion for the meeting was to discuss the upcoming initiatives for promotion of the bilateral economic cooperation in 2019. Wang Xuekun informed about the expected visit of a Chinese delegation from the Jiangxi Province, central China, in March. The main purpose of the visit is to present fairs and exhibitions in China, in which...
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“Our relations with the Chamber of Commerce and Industry of Tunisia date back to 1996,” said the President of BCCI Tsvetan Simeonov at the opening of a forum - presentation of the economy and the investment climate in Tunisia. “We consider Tunisia a promising economic partner of Bulgaria and are evaluating the need of looking for new opportunities for cooperation beyond the traditional sectors of interaction,” he added. The event was prepared and organized in...
Full textFebuary
The Secretary General of BCCI Vasil Todorov had a working meeting with a delegation from the Qashqadaryo Region, Uzbekistan. He underlined BCCI’s active cooperation with partner institutions from Uzbekistan and mentioned several meetings held in 2018: with a delegation from the Committee of the Interethnic Relations and Friendly Cooperation with Foreign Countries under the Cabinet of Ministers of the Republic of Uzbekistan, with the Deputy Prime Minister of Uzbekistan Mr. Nodir...
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At BCCI, a meeting was held between the Chamber’s Vice-President Georgi Stoev and Paolo Longobardi, Honorary President of the Association of Italian Employers (UNIMPRESA), and Giuseppe Spadafora, Vice-President of the Association. The main objective of the meeting was to get acquainted with the work of the two institutions and to establish points of common interest on the basis of which to start the active cooperation for the benefit of Bulgarian and Italian SMEs. The Italian...
Full textThe EU – Japan Economic Partnership Agreement in the focus of a meeting with H.E. Masato Watanabe
- 22-02-2019
The Ambassador Extraordinary and Plenipotentiary of Japan to Bulgaria H.E. Masato Watanabe visited BCCI and met with President Tsvetan Simeonov. The opportunities offered by the EU – Japan Economic Partnership Agreement, which entered into force on 1 February 2019, were in the focus of discussion. The President of BCCI informed that he had recently discussed this issue with the Bulgarian Minister of Economy Emil Karanikolov and the opinion had been shared of the significant economic...
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BCCI‘s Secretary General Vassil Todorov held a working meeting with representatives of the Embassy of the Kingdom of the Netherlands in Sofia - Pieter van Vliet, Deputy Head of Mission, Monika Nikolova, Economic and Social Affairs Commercial Adviser, and Peter de Ruiter, representative of the Confederation of the Dutch industry and employers. The meeting was held on the occasion of a forthcoming visit of businessmen from the European country in Sofia in the middle of April this year....
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A delegation from the Bursa Chamber of Commerce and Industry visited the BCCI and discussed with the President of the Chamber of Commerce -Tsvetan Simeonov the opportunities for development of the trade and economic relations between Bulgaria and Turkey. A Cooperation agreement between the two Chambers was signed during the meeting, envisaging exchange of statistical and analytical information on the main trends in economic development, legislation and business regulation on the territory...
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Between 8th and 10th March 2019, the BCCI will host the 5th edition of the Sofia VIS Pre-Moot - a competition for students with focus on international commercial arbitration and international sale of goods. Sofia Pre-Moot is a simulated arbitration process related to the implementation of the UN Convention on the International Sale of Goods (CISG). It is conducted in English and aims to allow the participating universities to prepare their teams for the 26thWillem C. Vis...
Full textBCCI Survey: Germany is the most preferred destination for business trips and cooperation
- 11-02-2019
Germany is Bulgaria’s largest and most important trading partner. This is confirmed by a survey of the Bulgarian Chamber of Commerce and Industry conducted among businesses. More than 43% of companies cite Germany as a country with which they are interested to develop economic cooperation. In last year’s survey, the country was second after China, but due to the trade disputes with the United States, the language barrier and its geographic remoteness, China falls behind in this...
Full textBCCI hosts a meeting with the Secretary General and a delegation of the Central European Initiative
- 11-02-2019
Roberto Antonione, Secretary General of the Central European Initiative (CEI) and a delegation of the CEI-Executive Secretariat (CEI-ES) visited BCCI. They discussed with President Tsvetan Simeonov and Directors at the Chamber ideas for more intensive cooperation in the region. Tsvetan Simeonov noted that BCCI has been working for many years with the Central European Initiative – the oldest regional organization in Central and Eastern Europe. He stressed that cooperation in the region...
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Sofia, the real digital capital of new markets, the perfect hub — Sofia Summit 2019 will bring together over 300 executive attendees of industry-leading telecommunications, media and entertainment, government offices, e-commerce, technology providers, solution and infrastructure providers from the digital ecosystem. This year, the team is continually improving to ensure their platform provides the attendees with more networking opportunities with industry colleagues and companies in...
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The Bulgarian Chamber of Commerce and Industry, “Fairs and Exhibition” Department has prepared and published the latest 26th edition of the “CALENDAR OF FAIRS AND EXHIBITIONS IN BULGARIA”. The publication is one of its kind in Bulgaria and has proven its right of existence over the years as a useful source of business information for every company. The information in the Calendar is presented in Bulgarian and English, thus serving as an invitation to...
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The newly-appointed Ambassador of Bulgaria in Lebanon, Boyan Belev, visited BCCI and met with the Chamber’s President Tsvetan Simeonov. The main topic of discussion was the current state of the bilateral trade and economic relations between Bulgaria and Lebanon. During the meeting, Tsvetan Simeonov presented the activities of BCCI, its regional structure and the services it provides in support of businesses. He emphasized the digitalized Arbitration Court at BCCI and the Unified Trade...
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The newly appointed Commercial and Economic Counsellor of Greece in Bulgaria, Theodosios Vallas, visited the BCCI and discussed with Tsvetan Simeonov, the President of the Chamber, the opportunities for strengthening the development of trade and economic relations between Bulgaria and Greece. The meeting was attended by Dimitrios Maos, First Secretary for Economic and Commercial Affairs at the Embassy. Simeonov acquainted his guest with the history and activities of the BCCI, focusing on...
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BCCI hosted a working meeting with representatives of the Association for the Promotion of Agricultural Cooperation between China and CEE Countries. The President of the Chamber Tsvetan Simeonov met with the Executive Director of the Association Vasil Gelev, the main topic of the meeting being the opportunities for greater expansion of the Bulgaria - China cooperation potential. In continuation of the Memorandum of Understanding signed between BCCI and the Association for the Promotion of...
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"2019 is a special year for Bulgaria and Japan – it will mark a triple anniversary in the bilateral relations", said H.E. Masato Watanabe, Ambassador Extraordinary and Plenipotentiary of Japan to Bulgaria, at the Bulgarian-Japanese Economic Forum organized by the Embassy. The three important anniversaries are: 80 years since the establishment of the diplomatic relations between the two countries, 60 years since their recovery, and 110 years since the beginning of official...
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The newly appointed Ambassador of Cyprus to Bulgaria H.E. Marios Kountouridis visited the BCCI and met with the Chamber’s President Tsvetan Simeonov. During the meeting, ideas for common plans for the development of the bilateral economic relations were exchanged. Simeonov presented the activities of the Bulgarian Chamber of Commerce and Industry, its structure and management. He also presented the Ambassador with up-to-date information on Bulgaria's economic development and...
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On 17 January 2019, Enterprise Europe Network at the Bulgarian Chamber of Commerce and Industry hosted the traditional EU Club meeting, dedicated to the achievements of the Austrian Presidency of the Council of the EU and its takeover by Romania. Among the official guests of the event were H.E. Mrs. Andrea Wicke, Ambassador of the Republic of Austria to Bulgaria, H.E. Mr. Ion Galea, Ambassador of Romania to Bulgaria, and Mrs. Tanya Chuntova, PR Expert at the Liaison Office of the European...
Full textBusiness Council Bulgaria – Pakistan will promote business contacts between the two countries
- 17-01-2019
H.E. Babar Hashmi, Ambassador Extraordinary and Plenipotentiary of the Islamic Republic of Pakistan in Sofia, visited BCCI and talked with the Chamber’s President Tsvetan Simeonov. The aim of the visit was to discuss opportunities for development of the bilateral trade and economic relations. During the meeting, the priorities and challenges for 2019 were discussed. Ambassador Hashmi informed about the forthcoming session of the Intergovernmental Joint Committee, which will be held in...
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The President of BCCI Tsvetan Simeonov met with the new Georgian Ambassador to Bulgaria - H.E. Mrs. Tamuna Liluashvili. The main topic of the meeting was discussing possibilities for development of the bilateral commercial and economic ties between Bulgaria and Georgia. Vakhtang Andguladze, Counsellor and Vazha Gvaramia, Second Secretary and Consul at the Embassy, also took part in the meeting. Tsvetan Simeonov and his guests discussed the Chamber’s relations with partners from...
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The President of BCCI Tsvetan Simeonov held a working meeting with Asparuh Karastoyanov, member of the Board of Directors of the Chamber. The main topic of discussion was the idea to establish a joint Bulgarian – Moroccan business organization at the level of the chambers of commerce and industry, which was discussed during the official visit of the Prime Minister of the Republic of Bulgaria Boyko Borisov to the Kingdom of Morocco in the period 29-30 November 2018. During the visit, a...
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The newly-appointed Ambassador of the Republic of Bulgaria to the Republic of Croatia Genka Georgieva visited BCCI and had a meeting with the President of the Chamber Tsvetan Simeonov. The aim of the meeting was to discuss the opportunities for development of the bilateral trade and economic relations. During the meeting, Tsvetan Simeonov acquainted his guest with BCCI’s main activities in support of business. He provided information about the Chamber’s expertise in preparing...
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A Delegation from Shaanxi province, China, visited BCCI and met with President Tsvetan Simeonov. The Commercial Counsellor at the Chinese Embassy in Sofia - YAO Chaoying, a team from the Ministry of Foreign Affairs, headed by Margarita Ganeva, Director of “Foreign Economic Relations” Directorate, and experts working in the field of cooperation under the “16+1” initiative, also took part in the discussion with the Chinese delegation. The delegation was led by the Vice...
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Maya Stanilova, Honorary President of the Spanish - Bulgarian Chamber of Commerce in Madrid, and Dimitar Pampulov, President of the Bulgarian - Spanish Business Council, visited BCCI and discussed upcoming joint initiatives with BCCI’s President Tsvetan Simeonov. Maya Stanilova outlined the economic situation in Spain and, together with Mr. Pampulov, presented the results of the economic forum recently held in Madrid. The President of the Spanish - Bulgarian Chamber of Commerce also...
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The Chairman of the Iranian – Bulgarian Business Association Mr. Saeid Hadaei visited BCCI and met with the Chamber’s President Tsvetan Simeonov. An overview of the trade and economic cooperation between Bulgaria and Iran was made. The establishment of a Joint Committee on Trade within the Joint Bulgarian – Iranian Intergovernmental Commission for Economic, Industrial, Trade and Technical Cooperation was discussed. According to preliminary information, the next session...
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A meeting with the newly-appointed Ambassador of the Republic of Bulgaria to Montenegro Meglena Plugchieva was held at the Bulgarian Chamber of Commerce and Industry. BCCI’s President Tsvetan Simeonov informed the Ambassador about the state of the chamber’s relations with partner organizations in Montenegro. BCCI’s cooperation with the Chamber of Economy of Montenegro dates back to 2003 and is linked to the relations within the Association of the European Chambers of...
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In the period 24th – 31st January 2019, the Bulgarian Chamber of Commerce and Industry is organizing a business delegation to accompany Mrs. Ekaterina Zaharieva, Deputy Prime Minister and Minister of Foreign Affairs of the Republic of Bulgaria, on her official visit to the Republic of Kenya, the Republic of Namibia and the Republic of Mozambique. The purpose of the delegation is to strengthen the economic ties with the African countries and to establish new...
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The newly appointed Ambassador of Cuba in Bulgaria H.E. Mrs. Caridad Yamira Cueto Milián visited BCCI and met with the Chamber’s President Tsvetan Simeonov. The diplomat has been in Bulgaria for 4 weeks and has previous experience in the USA, Slovakia, Denmark, etc. Ambassador Milian submitted a message from the management of the Chamber of Commerce of the Republic of Cuba, with which BCCI has a long-term partnership, stating their desire to continue the cooperation. The...
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The Bulgarian Chamber of Commerce and Industry (BCCI) conducted an annual review of Bulgaria’s positions in international rankings and classifications. Based on the 2018 reports of prestigious international institutions, the country shows stable positions in terms of economic freedom, prosperity and competitiveness. Bulgaria retains its position in the “Economic Freedom Index” of the Heritage Foundation and the Wall Street Journal and goes up two places to 46th in the...
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