Presentation on theme: "Name of Speaker Function of Speaker Tsvetan Simeonov President Bulgarian Chamber of Commerce and Industry Outlook for Bulgaria’s Trade Workshop 2: How."— Presentation transcript:
Name of Speaker Function of Speaker Tsvetan Simeonov President Bulgarian Chamber of Commerce and Industry Outlook for Bulgaria’s Trade Workshop 2: How can EU trade policy be beneficial to you?
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.
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 the dynamics in exports was variable. 5. Opportunity: Bulgaria should continue to increase the exports to non EU countries
Bulgarian Economy GDP – mln. BGN /more than mln. EUR/ Growth Rate – 0.2% per year Export – 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-on- year) Import – 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 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 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 Sofia Bulgaria Tel.: (+359 2) Fax: (+359 2) Web site: