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COMPETITIVENESS OF BULGARIA

THE EUROPEAN DAY OF THE ENTREPRENEUR. COMPETITIVENESS OF BULGARIA. Kamen Kolev, PhD. Bulgarian Industrial Association www.bia-bg.com. GDP growth, %. Bulgarian Industrial Association www.bia-bg.com. Basic economic indicators.

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COMPETITIVENESS OF BULGARIA

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  1. THE EUROPEAN DAY OF THE ENTREPRENEUR COMPETITIVENESS OF BULGARIA Kamen Kolev, PhD Bulgarian Industrial Association www.bia-bg.com

  2. GDP growth, % Bulgarian Industrial Association www.bia-bg.com

  3. Basic economic indicators • Six consecutive years Bulgaria has positive growth of the GDP • Bulgaria received the investment credit rating in foreign and local currency • Open economy – well integrated in global economy • Employment rate is 52.5% or 10% lower than the average for EU (62.5%) Bulgarian Industrial Association www.bia-bg.com

  4. Top 10 biggest Bulgarian partners in foreign trade Bulgarian Industrial Association www.bia-bg.com

  5. Priority product groups (USD mln) Bulgarian Industrial Association www.bia-bg.com

  6. Short and Long-Term Bank Loans (incl. for households) Mln. BGN Bulgarian Industrial Association www.bia-bg.com

  7. Unemployment rate, % 18.00 17.88 13.52 16.27 17.5 11.9 2002 08.2004 2000 2001 2003 Bulgarian Industrial Association www.bia-bg.com

  8. Short-term risks • Constantly rising prices of petrol and natural gas • Trade balance deficit • Decommissioning of the NPP “Kozloduy” blocks • “Green” investments; Certification of management and environmental systems in enterprises • Investments in occupational safety and health at work, incl. via emigration Bulgarian Industrial Association www.bia-bg.com

  9. Bulgaria – Sources of Competitiveness • Natural and human resources • Potential for improvement and growth • Geopolitical situation of the country • Higher rate of GDP growth • Increasing the labour productivity and use of the workforce • FDI – “second wave” in Central and Eastern Europe • Renovation of production and product range Bulgarian Industrial Association www.bia-bg.com

  10. Possibilities for strategic alliances (1998 – 2003) Export growth by sectors (%) Energy and fuels Processing industry Agriculture, hunting and forestry Transport, storage and communications Mining industry Trade and repair Building Finances and business services FDI in Bulgaria by sectors (USD mln) Growth of world trade Bulgaria, export growth Bulgarian Industrial Association www.bia-bg.com

  11. Shortcomings and obstacles • GDP per capita in PPP below 30% compared to the one in EU 15 • Education -> Science -> Innovation connection is cut off • Production and export of goods with small value added and innovation potential • Worsening the qualities of the human capital and workforce Bulgarian Industrial Association www.bia-bg.com

  12. Median age of the population Bulgarian Industrial Association www.bia-bg.com

  13. Population under, in and over working age Bulgarian Industrial Association www.bia-bg.com

  14. Country 1998 1999 2000 2001 2002 Austria 406 428 478 500 512 Belgium 307 338 364 452 457 Germany 293 368 396 508 437 Ireland 751 816 876 974 749 Italy 314 366 527 835 1063 Slovenia 250 259 419 510 484 Hungary 166 328 467 636 925 Czech Republic 141 147 378 552 832 Bulgaria 12 24 32 57 76 Romania 12 21 46 74 110 Turkey 25 26 36 46 61 Croatia 27 45 67 92 131 Companies certified under ISO 9000 per 1 mln.inh. Bulgarian Industrial Association www.bia-bg.com

  15. What is necessary? • To achieve long-term competitiveness, based on knowledge • Adoption and execution of action plan according to the Lisbon Strategy 2000 • Facilitation of the business environment • Reduction of criminal factors • Attraction of private investments, incl. Public private partnerships Bulgarian Industrial Association www.bia-bg.com

  16. BIA Competitiveness index • Annual index • Integral multi-criteria quantitative measure for the state and amendment of the competitiveness • Competitiveness is meant as environment and conditions in which business is performed • Macro-environment • Micro-environment Bulgarian Industrial Association www.bia-bg.com

  17. Competitiveness index for the period 2001 - 2003 Bulgarian Industrial Association www.bia-bg.com

  18. The Year 2003 characteristics BIA Competitiveness index • Revival of the economy • Improvement of the macro-environment • Modest positive changes in the micro-environment • Situation is uncertain • No tangible signs for stabilization of business-environment • Slow enhancement of the competitiveness Bulgarian Industrial Association www.bia-bg.com

  19. RECENT DEVELOPMENT TRENDS Bulgarian Industrial Association www.bia-bg.com

  20. THE EUROPEAN DAY OF THE ENTREPRENEUR COMPETITIVENESS OF BULGARIA Kamen Kolev, PhD Bulgarian Industrial Association www.bia-bg.com

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