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Commenting article: Ideal Standard VP East Region Vassil Kanev: Bulgaria Under-Appreciated as Investment, Business Location

Exclusive interview with Vassil Kanev, Commercial Vice President - East Europe Region at Ideal Standard International; Executive Director and Chairman of Board of Directors of Ideal Standard-Vidima AD for the "Investors of the Decade" Business Survey of (Sofia News Agency) and

At the end of last year Ideal Standard-Vidima became one of the export companies that increased their production. Can we take this as a sign of recovery?

peterperfect - 5 Feb 2012 // 14:18:30

Some years ago I was the purchasing manager for the UK division of the worlds largest supplier of building materials and, as such, was Ideal Standards largest customer in the UK and Europe so it is interesting to hear this man's view of things. I do believe that Bulgaria is poised to capture some good investment and the government should be pleased with the way the economy is shaping up against many western European countries. The main stumbling bloc to investment in Bulgaria is OC and corruption and a transparency in the bureaucracy in setting up a business. Some departments and officials give themselves too much power and government allows it and it becomes frustrating for a foreign national to start up a business that, after all, would benefit the country and its people by paying taxes and employing locally .

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