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Commenting article: Bulgaria Advertised as Investment Destination in London

A number of companies voiced plans to invest in Bulgaria after a forum held in London on the benefits of the country as an investment destination.

Delyan Dobrev, Bulgaria's Minister of Economy, Energy, and Tourism, met with potential investors during the forum "Investing in Bulgaria – The strategic business destination in Central and Eastern Europe", according to a media statement of the Ministry of Economy, energy, and Tourism (MIET).

The event was attended by representatives of over 120 companies in the sectors of outsourcing, IT, electronics and electrotechnology, financial services, furniture, and textile.

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#1
Jerry - 6 Dec 2012 // 17:23:39

Bulgaria has defined the Investment but has not defined the Consumer or the Capacitation that leads to sustainability.

We have to Educate the Bulgarian Consumer and its Capacitation that will lead to viability and profit.

#2
Philippe - 6 Dec 2012 // 19:04:54

Jerry, you have it wrong. Most of the foreign investments have nothing to do with the BG consumer.

There are 2 types of foreign investments in BG: Those who produce goods/services that are sold outside BG (they come for the cheap labor and cheap raw material costs), and those who want to establish a place on the BG consumer market (they want to assure their market share).

The first type of investor - and this is the majority - has nothing to do with the BG consumer.

Look at today's news, the announcement of the new ABB investment in Rakovski. Not one of these products is directly sold in BG. The same for the copper from Pirdop, the fertilizers from Agropolichim, the freezers from Liebherr, the electronics from ABB and Schneider, the software from HP, the services from several call centers, the cloths from numerous apparel companies, etc. etc.

#3
Jerry - 7 Dec 2012 // 20:27:22

Phillippe,

Your point is well taken but export oriented economy leads to foreign inter-company transactions leaving profits offshore and not taxable income in Bulgaria.

The Bulgarian Consumer or Industrial complex should lead the sustainabity toward national consumerism and jobs, foreign exports is the second fase to growth.

To learn how to run, one must learn to walk first.

#4
Jerry - 8 Dec 2012 // 21:20:53

This morning I got out of bed really pissed-off, doesn't one Bulgarian politician see the Bulgarian population is small and concise with hidden tradition.

This tradition must be protected whereby its citizens have jobs and an increase in Bulgarian dignity with quality of life.

All I see that the Bulgarian politician is not working in "Good Faith" for the protection of the workers which includes women, young adults and the rural poor migration into the cities without infrastructure.

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