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Published on November 1, 2007

Author: Gulkund

Source: authorstream.com

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BULGARIA:  BULGARIA A country of marvellous nature and wonderful scenery BULGARIA:  A great tourist destination with various attractions BULGARIA BULGARIA:  A country of old traditions and national treasures BULGARIA Slide5:  A country of impressive cultural heritage and historic monuments BULGARIA COUNTRY OVERVIEW:  COUNTRY OVERVIEW Founded: 681 A.D. Location: Situated in the south-east part of Europe, in the eastern part of the Balkan Peninsula; Boundaries: Northern boundary with Romania, western with Serbia, south-western with Macedonia, south-eastern with Turkey. Eastern boundary with the Black Sea; Territory: 111 000 sq. km.; Population: 7 801 273 (census taken in 2003); Capital city: Sofia (1 208 930 inhabitants); Larger cities: Varna (458 661 inhabitants), Plovdiv (710 958 inhabitants), Burgas (419 925 inhabitants), Stara Zagora (364 051 inhabitants), Ruse (261 108 inhabitants), Pleven (315 230 inhabitants); Monetary unit: Bulgarian Lev (BGN) (1 BGN = 1.95583 EURO) Official language: Bulgarian Religion: Eastern Orthodox Christianity Bulgaria is generously gifted with natural landmarks and a diversity of landscape, rich variety of flora and fauna, abundance of curative mineral springs, ancient cultural and historical sites, hospitable sea resorts, perfect opportunities for skiing, breath-taking natural phenomena... INTERNATIONAL ORGANIZATIONS AND AGREEMENTS :  INTERNATIONAL ORGANIZATIONS AND AGREEMENTS Bulgaria will join the European Union on January 1st, 2007 25th April 2005 - signing of Bulgaria's EU Accession Treaty NATO member as of 29th March 2004 Member of the Council of Europe since 7th May 1992 Full member of the Central European Free Trade Agreement (CEFTA) since July 1998 Member of the World Health Organization since 9th June 1948 Member of the World Trade Organization since 1996 Member of IMF / World Bank since 1990 ECONOMIC INDICATORS:  ECONOMIC INDICATORS EXPORT BY COMMODITY Jan-Oct 2004 Total EUR 6.5 bn:  ECONOMIC INDICATORS EXPORT BY COMMODITY Jan-Oct 2004 Total EUR 6.5 bn Slide10:  ECONOMIC INDICATORS MAIN INDUSTRIES:  AGRICULTURAL PRODUCTS Vegetables, fruits, tobacco; Livestock; Wine; Wheat, barley, sunflowers, sugar beets MAIN INDUSTRIES Electricity, gas and water; Food, tobacco; Machinery and equipment, metals; Chemical products, refined petroleum; Nuclear fuel THE VARNA REGION:  THE VARNA REGION Bulgaria is also sub-divided into 28 regions which are further divided into Municipalities, the basic local administrative unit in Bulgaria. Each Municipality is autonomous with its own budget and property. Varna Region consists of 12 municipalities. Bulgaria is divided into 6 planning regions. Varna is the centre of the North-Eastern Planning Region, which includes also the districts Dobrich, Shumen, Silistra, Targovishte and Razgrad. Slide13:  Varna is Bulgaria's third largest city. It was an inhabited place even before the Greeks established the colony of Odessos there about 580 B.C. Later, under the Romans and their successors, the Slavs, Varna became a major port trading with Constantinople, Venice and Dubrovnik. The name of the town (Odessos - a settlement on water) is not Greek but of an earlier linguistic origin, which suggests the presence of an older village on the same territory. Slide14:  Successor to ancient civilisations, survivor of the transformations of time, the present-day city of Varna is one of the most attractive Bulgarian towns, the Pearl of the Bulgarian Black Sea Coast. Slide15:  VARNA The city of Varna – with population 458 661, is situated on the Bay of Varna, 470 km east of Sofia. Varna is the biggest city on the Bulgarian Black Sea coast. Varna’s length is over 11 km, its width, including the new residential district is nearly 9 km. The city stands in tiers and follows the curves of the Bay of Varna. Slide16:  VARNA Nowadays Varna is the main port for both naval and commercial shipping and, as it is near the coastal resorts of Golden Sands, St. Constantine (Drouzhba) and Albena, it has a cosmopolitan atmosphere, attracting many foreign tourists. Varna has a modern appearance along with dignified 19th and early 20th century buildings. Slide17:  VARNA Within the city and in its surroundings there are numerous gardens, vineyards and deciduous groves, unique natural and archaeological reserves. The territory is occupied with private country houses and small farms. Slide18:  VARNA Varna’s strategic location on the northern cost of the Black Sea, and its rich natural resources, make the city one of the famous resort centres in Europe and the biggest in the Black Sea region. Varna is a cross-point between the Middle East and Western Europe. The climate, the natural conditions and developed infrastructure provide perfect conditions for the development of industry, trade, tourism and communications within the district and the region. Varna is the perfect place for investors who want to set their business in Bulgaria. Slide19:  VARNA DISTRICT Economic development of the Non-financial sector (2000 - 2003) The role of the small and medium-sized enterprises (SMEs) play a leading role in the economics of Varna District, and generate more than half of the employment opportunities and tax revenues. This fact alone demonstrates the higher effectiveness of SMEs, yet they also play a major role in the following sub-sectors: Trade, repairs and technical services; Agricultural, forest and hunting industry; Hotels and restaurants; Constructions; Real estate operations. The Municipality of Varna plays a major and ever-growing role in the economics of Varna District. The growth of investments in the Municipality exceeds the growth of investments in the other municipalities of the District. The economic development of Varna District has a positive impact on employment, contributing to its significant growth. Slide20:  ECONOMIC INDICATORS OF SMEs Number of enterprises in Varna District in the period 2000-2003 Conclusion: The major portion of enterprises in Varna District - 99% fall into the category of SMEs with up to 100 people personnel. Slide21:  ECONOMIC INDICATORS OF SMEs Revenue from enterprises’ activities in Varna District in the period 2000-2003 Conclusion: There is a significant and growing share of SMEs’ revenue with up to 100 people personnel. The total revenue increase is significant, showing an increase of investment activity in the district. Slide22:  ECONOMIC INDICATORS OF SMEs SMEs’ revenue share of specialized sub-sectors of Varna District in the period 2000-2003 Conclusion: The biggest income share of specialized sub-sectors for 2003 have SMEs in the following sub-sectors: Real estate operations, renting activities and business services - 93%; Agricultural, hunting and forest industry - 85% share with an increase from 27% compared to 2000; Trade, repairs and technical services - 73% share with an increase from 20% compared to 2000. The biggest increase in the income share of the sub-sector have SMEs in the following sub-sectors: Transport, storage and communications - 106% with income share 14% for 2000 and 29% for 2003; Manufacturing industry - 45% with income share 19% for 2000 and 28% for 2003. Slide23:  Conclusions: The vast majority of enterprises in Varna District – almost 99 percent, fall into the category of SMEs with up to 100 people personnel. The highest is the share of the micro-enterprises – these constitute 42% of all SMEs, followed by the small enterprises - 36% of all SMEs, and by the middle-sized enterprises – comprising 21% of all SMEs. SMEs with up to 100 people personnel generate the prevalent share of revenues of all business entities (54% of all revenues for 2003),and thus play a crucial role in the economic development of Varna District. The largest portion of SMEs revenues come from the specialized sub-sector of trade, repairs and technical services – almost 68% of SMEs revenues for 2003, 30% of which are micro-enterprises; 22% are small enterprises and 16% are middle-sized enterprises. With the biggest increase of incomes by specialized sub-sectors for 2003 are SMEs in the sub-sector: Real estate operations, renting activities and business services with 93% share of the sub-sector. ECONOMIC INDICATORS OF SMEs

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