Transcript Diapositive 1

Outlook for Bulgaria’s Trade
Workshop 2: How can EU trade policy be
beneficial to you?
Tsvetan Simeonov
Name of Speaker
President
Function of Speaker
Bulgarian Chamber of Commerce and Industry
1. GDP - volume indices
2. Foreign Trade - Bulgaria (2)
3. Bulgarian Exports (2)
GDP – volume indices
Foreign Trade - Bulgaria
Foreign Trade - Bulgaria:
1. Foreign trade has made strong contribution to real GDP
growth in recent years.
2. Since 2003 Bulgarian exports and imports of goods have
been growing steadily (with the exception of 2009).
3. The main trade partners of Bulgaria are the EU countries
(before and after accession of Bulgaria to the EU). They
form about 60% in Bulgarian exports and 50% in imports.
Bulgarian Exports
Exports – growth rate
Bulgarian Exports
1. In 2010 exports to non EU countries increased by 48.32% compared to
the previous year and exceeded 6.1 billion EUR.
2. The exports to Ukraine(98% growth), China (97% growth) and Brazil
(96% growth) increased most significantly.
3. The main trade partners are: Turkey, Serbia and Russia, that formed
38.6% of the total exports to non EU countries.
4. In 2007-2009 the dynamics in exports was variable.
5. Opportunity: Bulgaria should continue to increase the exports to non
EU countries
Bulgarian Economy
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GDP – 70 474 mln. BGN /more than 36 032 mln. EUR/
Growth Rate – 0.2% per year
Export – 15 588 mln. EUR /FOB/
Export growth rate – 33.2% (In the first three months of 2011,
Bulgarian exports to non-EU countries increased by 55.9 per cent year-onyear)
• Import – 18 000.8 mln. EUR
• Import growth rate – 13.4%
• Corporate Tax and Personal Income Tax – 10% - the lowest in
the EU /the same rates are also valid for Bosnia and Herzegovina – so we
are sharing the first place in the ABC region/
BULGARIAN CHAMBER OF COMMERCE AND INDUSTRY
• The BCCI is founded in 1895 - 116 years in service to business
• An independent, service-oriented self-sustained NGO of the
businesses in Bulgaria with voluntary membership aimed at
representing, protecting their interests, lobbying and settling disputes
• BCCI – the biggest employer’s organization in Bulgaria – comprising
more than 52 000 members and it is participant in the social dialogue
with the state
• Full national coverage – a system of 28 Regional Chambers, operating
in the 28 district centres of the country and representation of 101
sectoral organisations
THANK YOU FOR YOUR ATTENTION!
Tsvetan Simeonov
President of the Association of Balkan Chambers /ABC/
President of the Bulgarian Chamber of Commerce and Industry
9, Iskar Str.
1058 Sofia
Bulgaria
Tel.: (+359 2) 8117 400
Fax: (+359 2) 987 32 09
Web site: www.bcci.bg
E-mail: [email protected]