Bulgaria ranks 45th among 140 countries as a destination for tourism and travel according to the World Economic Forum. The country is third in the CEE region after Poland and Slovenia.
Bulgaria performs very well in Health and Hygiene, ICT Readiness, Environmental Sustainability and Tourism Infrastructure and lags behind in Security, Air Transport Infrastructure and Land and Port Infrastructure.
Three European countries – Spain, France and Germany – are at the top of the ranking.
Bulgaria climbs two places in the Global Competitiveness Index (GCI) of the World Economic Forum. Thus, the country ranks 49th among 141 economies in the world.
The Global Index is based on the scores in 103 indicators organised in 12 categories. Bulgaria’s performance in most indicators has improved, and there is a decrease only in healthcare and product markets among the 12 main categories.
Bulgaria also climbed in another ranking – the Enabling Digitalization Index of the Euler Hermès commercial credit insurance company. The country advanced 11 positions compared to the previous year and now ranks 47th among 115 countries.
The Index focuses on the conditions for business development through digitalization or, respectively, on the risks of possible delays.
Bulgaria has good scores in the Regulation and Connectivity categories and is ahead of Serbia, Romania, Turkey, Croatia and Montenegro in the region, and behind the Czech Republic, Slovenia and Hungary. The 2019 leader is again the United States, followed by Germany, Denmark, the Netherlands and the United Kingdom. For the first time, China is in the Top 10 in the Index.
A survey among the members of the Franco-Bulgarian Chamber of Commerce and Industry showed that 46% of the French companies in Bulgaria are planning to invest in buildings, machinery, equipment and facilities in 2019. Regarding new hires, about 70% said they have plans for employing more people, but also that human capital is the biggest challenge for the French business in Bulgaria. In view of the difficulties in finding skilled personnel, 65% of the companies stated plans to invest in staff training.
According to the survey, 61% of French entrepreneurs expect the economic situation to remain unchanged next year, 28% expect improvement, and 9% expect a deterioration.
More than 75% of the participants in the survey find our country a very attractive or a rather attractive destination for investment, and half rate the economic situation as good or very good.
According to French entrepreneurs, access to skilled workers can be improved by reducing regional disparities – for example, by increasing labour mobility between smaller cities with a high unemployment rate and larger cities, where the rate is around 2-3%.
According to the data of the Bulgarian National Bank (BNB), French investments in Bulgaria amounted to EUR 1.16 billion at the end of 2018 and France is ranked 13th in terms of capital investment in Bulgaria.
The Chamber added that two French companies have submitted bid papers for Sofia Airport, stating they are ready to invest nearly EUR 1 billion. This would double the total amount of French investment in the country since 1990.
Other French investments in Bulgaria include the establishment and expansion of the plant of the aircraft company Latécoère; the expansion of the Soufflet malt plant; the acquisition of Unify by Atos, which tripled the number of employees in Sofia, and the Sofia office was named the best workplace among all Atos offices worldwide. The automotive sector is represented by Monea and Montupet; the aircraft industry by Latécoère, Technofy, Dassault Systèmes; energy and renewable energy sources – by Akuo energie.
For more details on the study, check out the interview with Stéphane Delahaye, president of the Franco-Bulgarian Chamber of Commerce and Industry, and Vesela Todorova-Mosettig, director of the Franco-Bulgarian Chamber of Commerce and Industry, on Bloomberg TV Bulgaria.
RELOGIA | Trialogues 2019 – an exclusive annual international Art+Sci+Tech event in Bulgaria and Europe, comes with its first edition HUMAN DIMENSION.
RELOGIA is designed as a scalable interdisciplinary research & communication platform. It acts as an integrative and creative instrument of the pillars of Culture – Art, Science and Technology – brought together in a variety of aspects by researchers, professionals and artists. Its purpose is to develop integrative interdisciplinary methodologies to serve the dynamic multifaceted context we live in today – with scientific, educational, social and cultural impacts.
The event program includes three modules: Conference, Exhibition and Workshops – where leading experts from across Europe and the world will present and discuss innovative synergies between Art+Sci+Tech via examples of their applications in research, education and culture.
The event is under the honourable Presidency of the Ministry of Education and Science of Bulgaria and is co-organized by Re: Foundation for Art & Science Research and the National Academy of Arts.
RELOGIA_Trialogues 2019| Edition 01 Human Dimension
FREE REGISTRATION at http://relogia.net/registration-attendees/
Registration is free and open until November 15, 2019.
Venue: National Palace of Culture, Sofia
The Future of Retail
05.11.2019, Sofia Event Centre
Retail in Detail 2019 is now The Future of Retail. The conference is focusing on the challenges and innovations that are shaping the industry.
With a fourteen-year track-record, the Retail in Detail forum, is also a platform that is connecting and supporting the entire retail ecosystem.
The event aims at identifying the new trends that have reached the Bulgarian market and focus on how they will change the business environment in the coming years. All these modifications will surely test the conventional way of doing business and open the door to new opportunities and partnerships.
The Future of Retail Forum is the local gathering point for the major and most active players on the Bulgarian market and a place to exchange valuable experience, best practices and new ideas.
Interfood & Drink
6-9.11.2019, Inter Expo Centre
Interfood & Drink is a showcase for all kinds of food processing and packaging machines, materials, systems and products in one place. The exhibition provides the opportunity to meet senior buyers and decision makers from all facets of the industry and get informed about the latest technologies of the market.
Interfood & Drink will take place for 4 days in Inter Expo Center, Sofia.
Business mission of Austrian Food Companies with B2B Meetings
07.11.2019, Inter Expo Centre
The Austrian Embassy – Commercial section organizes a Business mission of Austrian Food Companies with B2B Meetings at Inter Expo Center in Sofia (Administrative part), 2nd floor, “Vihren” Hall on November 7th, 2019.
The Austrian companies are looking for sales representatives and end customers for their products.
If you would like to participate, please contact the organizers.
Austrian Show Case Mining industry and Metallurgy
12.11.2019, Holiday Inn Hotel
The Austrian Embassy-Commercial section with the support of the Bulgarian Mining Chamber and the Bulgarian Metallurgy Association are organizing an Austrian Showcase Mining industry and metallurgy in Holiday Inn Hotel on 12. November 2019, 14:00 – 18:00 o’clock. The representatives of Austrian companies with extensive experience and know-how in the industries will present their products and solutions in Sofia.
Follow the link for the list of participating Austrian companies and contact the organizers to confirm your presence.
Eastern European Gaming Summit
19-20.11.2019, Inter Expo Centre
The Eastern European Gaming Summit (EEGS) is the annual gaming conference focused on the latest regulatory and technological