We are excited to announce our first Online Business Mixer in conjunction with the British Bulgarian Business Association.
In a world where connections matter more than ever, our Business Mixer lets you engage with a diverse section of businesses internationally and make meaningful connections conveniently from your desk. This is a great opportunity to learn more about businesses and trade activities, and exchange business contacts with local stakeholders.
About Bulgaria
Nestled at the crossroads of Europe and the Middle East, Bulgaria offers a wealth of trade and investment opportunities in a diverse and dynamic economy.
With a population of ca 6.5 million, Bulgaria boasts a resilient economy with a GDP of approximately EUR 100 billion. It has a very open economy with foreign trade contributing to approximately 65% of GDP. Its main trading partners are the European Union, which accounts for around two-thirds of its trade, followed by Turkey, Serbia and Ukraine.
Industry Strengths: Bulgaria's industry strengths are in its skilled workforce, highly competitive land and production costs, and the EU's lowest corporate and income flat taxes of 10%. The major sectors attractive to foreign investors are ICT and machine building. Additionally, Bulgaria's well-established agricultural sector, tourism industry, and energy projects present ample opportunities for trade partnerships and investment ventures.
Major Projects: Bulgaria has undertaken significant infrastructure and energy projects that enhance its trade capabilities and elevate its economic profile. Projects include the construction of highways and transportation networks that connect Bulgaria to neighbouring countries and facilitate cross-border trade. Energy projects, such as the development of renewable energy sources, natural gas pipelines, and advanced nuclear energy capacity contribute to Bulgaria's energy security and sustainability objectives.
Trade and Investment Opportunities: Bulgaria offers a wide range of trade and investment opportunities across various sectors. Key areas of interest for trade and investment include technology, manufacturing, agriculture, tourism, and renewable energy. By exploring these opportunities and engaging with local partners, UK businesses can capitalize on Bulgaria's economic potential and establish mutually beneficial partnerships.
With a strategic location on the crossroad between Europe and Asia, skilled workforce, and favourable business climate, Bulgaria serves as a gateway to economic prosperity in Southeast Europe. By tapping into the country's trade potential and leveraging its strengths, UK businesses can forge valuable connections, expand their market presence, invest in vibrant high growth companies and benefit from lucrative opportunities.
Don’t miss out on this opportunity to expand your international network!
Date: Wednesday 30th October 9.30am - 11.00am
Platform: Zoom
Cost: FREE for Members. Non-Members £20.00
Agenda
1. Presentation of Essex Region
2. Presentation of Bulgaria
3. Q&A
4. Opportunity for participating companies to introduce themselves
5. Exchange of contacts
About the British Bulgarian Business Association (BBBA)
The BBBA was launched in January 2015. It enjoys the full support from the British Embassy, and its mission is to promote business relations between the United Kingdom and the Republic of Bulgaria. At the present time it has succeeded in attracting over 230 members from all areas of British and Bulgarian Business. It serves as a platform for fostering economic and trade relations between the UK and Bulgaria, providing support and resources to businesses seeking opportunities in both markets.
Information provided by Evgeni Kanev Ph.D, read the full overview of Bulgaria HERE
Image from Freepik
