1. AN ALTERNATIVE APPROACH Aleksandar Medjedovic
Latest Developments and Opportunities in Trade and Investments between Bulgaria and Serbia
AN ALTERNATIVE APPROACH
Aleksandar Medjedovic
Sofia, Bulgaria November 14th 2013

2. Bulgaria – Serbia Relations
Exports from Bulgaria Serbia
in 2009: 371,7 Million EUR
in 2010: 549,9 Million EUR
in 2011: 478,4 Million EUR
in 2012: 442,4 Million EUR
in 2013 (August): 197,5 Million EUR
Products:
Non-ferrous metals
Sugar, sugar products and honey
Plastics
Iron and steel
Exports from Serbia Bulgaria
in 2009: 146,5 Million EUR
in 2010: 208,9 Million EUR
in 2011: 261,1 Million EUR
in 2012: 260,9 Million EUR
in 2013 (august): 132,2 Million EUR
Products:
Metallic and Ferrous Materials
Petroleum and petroleum products
Electric current
Plastics
Non-metallic minerals

3. Bulgaria – Serbia Relations
FDI stock from Bulgaria Serbia
20.9 Million EUR
In timeframe
FDI stock from Serbia Bulgaria
55.3 Million EUR
In timeframe
Period
2010
2011
2012
Bulgaria; Neither seasonally nor working day adjusted (Millions)
-6,4
53,8
35,9
fdi
Period
2010
2011
2012
Annual; Bulgaria; Serbia; Financial account, Direct investment abroad; Neither seasonally nor working day adjusted; All currencies; Euro; Net transactions; TOTAL; TOTAL (Millions)
7,9
10,0
-35,0

4. An alternative approach: BELGRADE – SOFIA – ANKARA ?
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5. The Power of “THIRD MARKETS”
France
Switzerland
Austria
Germany
Czech Rep.
Poland
Slovenia
Croatia
Hungary
Ukraine
Moldova
Bosnia-H.
Montenegro
Albania
Greece
Bulgaria
Turkey
Georgia
Russia
Armenia
Azerbaijan
Kazakhstan
Usbekistan
Turkmenistan
Kyrgyzstan
Tajikistan
Afghanistan
Pakistan
India
Iran
Iraq
Syria
Lebanon
Israel
Cyprus
Jordan
Saudi Arabia
UAE
Egypt
Libya
Tunisia
Algeria
Belarus
Romania
Serbia
Macedonia
Italy
Slovakia
3 hours
1 hour
2 hours
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6. Turkey – Interesting Facts & Figures:
A population of 75 million
65 % of those are younger than 35 years of age !
15th largest economy in the world and 5th largest economy compared with the EU in 2012
One of the fastest growing economy in the world
Booming economy; more than tripling its GDP, reaching USD 772 billion in 2011, up from USD 231 billion in 2002
Stable economic growth with an average annual real GDP growth rate of 5.2 percent over the last 10 years

7. The Turkish Economy: facts and figures
Foreign Trade in Turkey
Import and Export Figures from

8. Turkey –a huge market

9. Bulgaria – Turkey Relations
Exports from Bulgaria Turkey
in 2011: 1,87 Bn EUR
in 2012: 2,06 Bn EUR
Products:
Petroleum and petroleum products
Nonferrous metals
Metallic and Ferrous Materials
Oil seeds and oleaginous fruit
Electric current
Exports from Turkey Bulgaria
in 2011: 1,27 Bn EUR
in 2012: 1,20 Bn EUR
Products:
Textile
Non-ferrous metals
Electrical machinery and apparatus
Vegetables and fruits
Iron and steel

10. Serbia – Turkey Relations
Exports from Serbia Turkey
in 2011: 148,1 Million EUR
in 2012: 153,3 Million EUR
Products:
Petroleum and petroleum products
Iron and steel
Metallic and Ferrous Materials
Rubber manufactures
Paper, paperboards and articles of paper pulp
Exports from Turkey Serbia
in 2011: 264,7 Million EUR
in 2012: 284,9 Million EUR
Products:
Textile
Vegetables and fruits
Electrical machinery, apparatus and appliances
Road vehicles
Miscellaneous manufactured articles

11. The Turkish Economy: facts and figures
Top 5 countries in Export from Turkey (2012 )

12. The Turkish Economy: facts and figures
Top 5 countries in Import to Turkey (2012)

13. Bulgaria – Turkey Relations
FDI stock from Bulgaria Turkey
20.9 Million EUR
In timeframe
FDI stock from Turkey Bulgaria
55.3 Million EUR
In timeframe
fdi

14. Serbia – Turkey Relations
FDI stock from Serbia Turkey
26.2 Million EUR
In timeframe
FDI stock from Turkey Serbia
36.6 Million EUR
In timeframe
fdi

15. FRANKFURT – BELGRADE – SOFIA – ISTANBUL

16. Conclusion: Combined Power
There are few countries who have competitive advangates with each other like Bulgaria and Serbia
Bulgaria is the furthereast post of the EU –with road and sea access to a HUGE market reaching as far as India and China
Serbia has traditional trade links to all Balkan countries, plus a FTA with Russia and other ex-Soviet republics
Small domestic markets and relatively modest export volumes force both countries to explore new markets
Think outside the box and do it together –also in third markets...
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