Transcript Bulgaria Economic Forum

Internationalization of the Italian
companies in Bulgaria and in the Balkans
Current Situation and Future Developments
Federico Cassi - Confindustria Bulgaria
Italian companies in Bulgaria: statistical
and geographic analysis
There
are around 1.000 Italian companies in Bulgaria
Most
of them are situated in two areas: 46% in Sofia and 25% in
Plovdiv
There
is a significant concentration of more than 20 companies in
Varna, Kyustendil and Pleven.
Main sectors of the Italian firms
in Bulgaria
30%
of the industrial activity is covered by the
manufacturing sector
Other important sectors are:
Consulting
services,
Trade,
Constructions.
Geographical Distribution of the
Manufacturing activity
Mainly,
they are located in the Sud-west area of the country.
Blagoevgrad,
Kyustendil: shoe district
Plovdiv: textile and food district
Pleven, Gabrovo, Ruse, Varna, Vratsa: textile
and clothing district
Pazardzhik: food and wood district
Italian role in Bulgaria
Italy
is the third European most important trade partner of Bulgaria
Total trade exchange: €3.691 billion
FDI from Italy to Bulgaria have been of €289 billions in 2009 (+60%
from 2008 to 2009)
2011(€)
Var.% 2010/2011
Import
2.112.048.235
23,41%
Export
1.579.577.428
10,43%
Investing in Bulgaria
Advantages
Tight
fiscal policy
GDP growth
Increasing export
Good implementation of EU funds
Development of the infrastructure
network
Critical points
Low
consume
Worsening
of the external
economic condition and of the
external demand
Weak recovery of the labour
market
Population ageing
New challenges: Justice reform and Bureaucracy restraining
Balkans
Balkans’ geographic position is strategic
due to the transit of Pan-European
corridors and for the advantageous
tax rates.
BosniaHerzegovina
Bulgaria
Macedonia
Moldova
Romania
Serbia
VAT
17%
20%
18%
20%
24%
18%
Corporate
Tax
10%
10%
10%
12%
16%
10%
Balkans’ exports: unexpected
patterns
Source: ISTAT 2010
Current situation in the Balkans
GDP growth
expected in
2012
Per capita
GDP (€)
Number of
Italian active
firms
Employees
working in
the italian
firms
Interchange
(€)
Bosnia and
Herzegovina
1,50%
3.258
60
5.000
2.088.345.207
Bulgaria
2,60%
4.801
1.000
25.000
6.524.105.513
Macedonia
3,70%
4.483
80
2.500
1.026.208.228
Romania
2,50%
5.675
15.700
800.000
21.076.269.542
Serbia
2,80%
3.917
250
20.000
3.768.935.001
Total
13,10%
22.134
17.090
852.500
34.483.863.491