In the presence of the President of Bulgaria and the Prime Minister of Egypt, Alexander Manolev opened a bilateral business forum in Cairo

In the presence of the President of Bulgaria and the Prime Minister of Egypt, Alexander Manolev opened a bilateral business forum in Cairo

There is a positive trend in our trade relations with Egypt, as statistics show a tenfold increase in Bulgarian exports from 2007 to 2017. This was announced by Deputy Minister of Economy Alexander Manolev in Cairo. He and Sahar Nasr, the Minister of Investment and International Cooperation of the Arab Republic of Egypt, opened a bilateral business forum involving more than 100 companies. The forum was also attended by the President of Bulgaria Rumen Radev and the Prime Minister of Egypt Mostafa Kamal Madbudi.

“Against the background of good results, we see a delay in 2018, which I hope with joint action to overcome,” said Deputy Minister Manolev and stressed that the participation of so many businessmen from both countries is the strongest evidence of prospects and opportunities. .

The Deputy Minister of Economy also presented the opportunities for investments in Bulgaria and emphasized the results that the country achieves in the economic sphere. He added that Bulgaria could give access to the European single market and Egypt could be used as a bridge to the Middle East and Africa, and called on both countries to make full use of these opportunities.

During the business forum, agreements were signed between companies from the system of the Ministry of Economy and their partner organizations in Egypt.

Deputy Minister Manolev is in Cairo leading a business delegation including 40 of our companies. They accompany the official visit of the President of the Republic of Bulgaria Rumen Radev to the Arab Republic of Egypt.

Opening of the forum “Global macro-trends and their impact on the competitiveness of CEE”

Opening of the forum “Global macro-trends and their impact on the competitiveness of CEE”

Bulgarian exports have doubled in ten years and now exceed BGN 56 billion a year. This was announced by Deputy Minister of Economy Alexander Manolev during the opening of the forum “Global macro-trends and their impact on the competitiveness of CEE”, organized by the Economic Policy Institute with the support of the Hans Seidel Foundation.

The Deputy Minister of Economy drew attention to the next industrial revolution in which humanity is entering – “Industry 4.0”. “In the economic sphere, the only way to be one of the countries that will benefit from it, and not those that will lose, is to create much, even stronger ties with our neighboring countries,” he said, congratulating the organizers on focus on regional partnership and global trends.

Today’s conference is the 15th edition of a series of thematic conferences “Competitiveness of the Bulgarian Economy”, organized by the Economic Policy Institute together with the Hans Seidel Foundation. Among the speakers are experts from Bulgaria and abroad.

Alexander Manolev together with the MEP Eva Maydell took part in a meeting with the business in Ruse

Alexander Manolev together with the MEP Eva Maydell took part in a meeting with the business in Ruse

For two years the registered growth of foreign direct investment exceeds BGN 1 billion. This was announced by Deputy Minister of Economy Alexander Manolev during the forum “Europe and Business: Economy, Youth Entrepreneurship and Cross-Border Cooperation” organized by Entrepreneurs – GERB in Ruse.

The event was attended by the Mayor of Ruse Plamen Stoilov, MP Plamen Nunev, MEP Eva Maydell and others.

Chinese business delegation is looking for opportunities for investment and trade in Bulgaria

Chinese business delegation is looking for opportunities for investment and trade in Bulgaria

Chinese companies are interested in importing wine and oil from Bulgaria, and are looking for investment opportunities in Bulgaria. This became clear during a meeting between Deputy Minister of Economy Alexander Manolev and Ms. Wu Zhongqiong, Vice Governor of Jiangxi Province. She is on an official visit to the country at the head of a business delegation.

Due to the high interest of the business from the province to Bulgaria, it was agreed to sign a Memorandum of Cooperation between the Ministry of Economy and Jiangxi Province. Vice Governor Wu Zhongqiong suggested that this be done in May during the largest trade fair in Central China, which the province will host, and expressed hope that it will include the first concrete projects that the two countries are implementing.

The meeting at the Ministry of Economy was also attended by the Deputy Governor of the Sofia Region Nikolay Nikolov.

The Armenian Employers’ Association will support Bulgarian companies in implementing joint projects and exports

The Armenian Employers’ Association will support Bulgarian companies in implementing joint projects and exports

The Union of Producers and Employers in Armenia will assist Bulgarian companies in establishing contacts with partners on the ground and realizing trade between the two countries. This is done by virtue of a Memorandum of Understanding between the Bulgarian Executive Agency for Promotion of Small and Medium Enterprises and the Union of Manufacturers and Businessmen, signed in the presence of Deputy Minister of Economy Alexander Manolev.

The Bulgarian Deputy Minister also met with the Chairman of the Union of Manufacturers and Businessmen Arsen Ghazaryan. The two discussed the possibility of offering Bulgarian products in Armenian food chains. The organization of a bilateral business forum in Bulgaria was also agreed.

In Armenia, Deputy Minister Alexander Manolev also met with the Minister of Economic Development and Investment of the Republic of Armenia Tigran Khachatryan. The meeting focused on the policy for the development of relations, both on a bilateral basis and within the framework of the EU policy for the development of relations with the Caucasus region and the Black Sea coast.

Deputy Minister Alexander Manolev also took part in the Working Group on Trade and Economic Activity within the Intergovernmental Commission for Economic Cooperation. During the meeting, opportunities were discussed to expand bilateral ties, diversify goods in bilateral trade, increase exports, encourage investment and more.

The Bulgarian delegation was led by the Minister of Transport, Information Technology and Communications Rosen Zhelyazkov, and included nearly 30 Bulgarian companies.

Opening of a bilateral business forum in Yerevan, Armenia

Opening of a bilateral business forum in Yerevan, Armenia

Bulgarian exports to Armenia in 2017 reached their highest level in 10 years and reached $ 31 million. This was announced by Deputy Minister of Economy Alexander Manolev at the opening of the Bulgarian-Armenian Business Forum in Yerevan. More than 100 companies from both countries are taking part in the event.

The Minister of Transport, Information Technologies and Communications of the Republic of Bulgaria Rosen Zhelyazkov, the Minister of Economic Development and Investments of the Republic of Armenia Tigran Khachatryan also took part in the forum.

Deputy Minister Manolev is on a visit to the Republic of Armenia to participate in the Intergovernmental Commission for Economic Cooperation together with a business delegation including nearly 30 Bulgarian companies. The program of the visit includes meetings with representatives of institutions and the private sector.

Alexander Manolev gave awards for “Investments in Society” made by business

Alexander Manolev gave awards for “Investments in Society” made by business

Investment projects worth over BGN 800 million are starting in Bulgaria. The total number of newly created jobs will exceed 2,500. This was announced by Deputy Economy Minister Alexander Manolev during an official award ceremony for the winners of the 16th edition of the Annual Responsible Business Awards, organized by the Bulgarian Business Leaders Forum.

“We need more initiatives to focus on successful companies in Bulgaria, because they have a number of reasons to be proud of their achievements,” said Alexander Manolev. According to him, for the last 10 years the private sector in our country has created over 100 thousand new jobs. “A significant part of them are conscientious employers who continue to develop today. And who do not forget that in order to have sustainability you have to invest in society, “said the Deputy Minister of Economy.

He presented the awards in the “Investment in Society” category, where Raiffeisen took first place with the “Choose to Help” donation campaign.

In the 16th edition of the competition for corporate social responsibility, a record 112 projects of 71 companies competed in six categories. The awards aim to promote the best practices of companies in areas such as ecology, education, employee development, local communities and society as a whole.

The award ceremony was also attended by the Mayor of Sofia Municipality Yordanka Fandakova, the Minister of Environment and Water Neno Dimov, the Minister of Labor and Social Policy Biser Petkov, the Deputy Minister of Education and Science Denitsa Sacheva and others.

Bulgarian-Japanese Business Forum Held in Sofia

Bulgarian-Japanese Business Forum Held in Sofia

We expect the Bulgarian export in 2019 to exceed 57 billion. This forecast was made by the Deputy Minister of Economy, Alexander Manolev, during the opening of the Bulgarian-Japanese business forum in Sofia.

The event was also attended by Ambassador of Japan to Bulgaria H.E. Makoto Watanabe, Executive Director of the Bulgarian Investment Agency Stamen Yanev, Deputy Chairman of the Bulgarian Trade and Industry Council Georgi Stoev and others.

A Japanese delegation led by Satoshi Abe, Director General of the Japan External Trade Organization (JETRO), also arrived in Bulgaria to participate in the forum.

 

 

For the first time Bulgaria participates in the jury of the European Enterprise Promotion Awards

For the first time Bulgaria participates in the jury of the European Enterprise Promotion Awards

For the first time Bulgaria participates in the jury that determines the winners of the European Enterprise Promotion Awards – the most prestigious awards for small and medium enterprises in Europe. The Deputy Minister of Economy Alexander Manolev was invited to join the work of the competition council, which determined the finalists and was an official guest at the award ceremony. He also presented one of the six awards at an official ceremony in the Austrian city of Graz in front of more than 500 guests – entrepreneurs, politicians, scientists from all over Europe.

“For us – the jury, it was very difficult to determine the winner in this category, because the participants had many interesting and good proposals,” said the Deputy Minister of Economy. According to him, the sustainable growth of the economy as a whole and of individual companies in the EU must be based on partnership and the exchange of experience.

Deputy Minister Manolev, as a member of the jury and ambassador of small and medium enterprises in Bulgaria, presented the award in the category “Support for business internationalization”. The winner was the Finnish candidate with a project to support the growth of small and medium-sized enterprises. Among the three finalists was a Bulgarian participant – “Support for digitalization of small and medium enterprises in Bulgaria and Europe” of United Business Clubs.

The European Enterprise Promotion Awards are organized by the European Commission. This is the most important event within the EU in the field, and its meetings discuss the future development of policies tailored to the needs of small and medium-sized enterprises, as well as measures to support them. The awards are given for the best initiatives that support entrepreneurs and shape the future of small and medium-sized enterprises in Europe.

The jury includes representatives of the European Commission and the Committee of the Regions, leading professors and scientists in the field of entrepreneurship and others.

New investment for BGN 36 million in Sofia-Bozhurishte Economic Zone

New investment for BGN 36 million in Sofia-Bozhurishte Economic Zone

The Prime Minister Boyko Borissov together with the State Minister of Economy, Energy and Technology of the Bavarian Province Franz-Josef Pschierer and the Deputy Minister of Economy Alexander Manolev opened a new investment of over BGN 36 million in the Sofia-Bozhurishte Economic Zone. The production company that officially opens today is the company “Multivac Bulgaria Production” Ltd., which is a subsidiary of the world leader in packaging solutions – the German “Multivac”.

During the event, Alexander Manolev stressed that only 6 months ago he had a meeting with Minister Pschierer in Germany, where they agreed to attend the opening of the company in Bulgaria. “I am glad that we have kept this commitment and together we are officially launching this landmark investment,” said the Deputy Minister.

Multivac is one of the world’s largest suppliers of packaging solutions: the company is a world leader in the market for thermoforming packaging machines and manufactures a wide range of tracers, chamber vacuum machines, chamber conveyor machines, labeling devices, control systems, automation solutions and finished production lines. The company’s group employs over 4,700 people worldwide. The company has a network of more than 75 subsidiaries and is present in more than 140 countries, but it is the first plant to be opened east of Germany.