AmCham Home Page

04.02.2012

AmCham Initiatives
Commercial Register
AmCham M2M Program
Toastmasters Club
Joint Training Facilities
Double Tax Treaty
Green Project
White Paper Project

American Chamber of Commerce in Bulgaria is a member of:

US Chamber of Commerce

European Council of American Chambers of Commerce

Our Partners:

US Commercial Service in Bulgaria

The Bulgarian Investment and Business Network

Upcoming Events

• AmCham General Assembly

07.02.2012

Tuesday

18:30 - 21:00h

Radisson Blu Grand Hotel, Alexander Hall

The AmCham General Assembly will take place on Tuesday, February 7th, 2012, 6:30 p.m., at the Radisson Blu ...

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• AmCham Board of Directors Meeting

09.02.2012

Thursday

08:30 - 10:30h

AmCham Office. Business Park Sofia, bld. 2, fl. 6

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Past Events & Activities

25.01.2012	• AmCham Leadership Meets with Minister Nickolay Mladenov
The Minister of Foreign Affairs Nickolay Mladenov had a meeting January 13th, 2012 with the Board of Directors of AmCham Bulgaria to discuss future partnership between the ministry and the chamber.
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16.01.2012	• Bulgaria's Prime Minister Speaks at AmCham Lunch on Incentives for Economic Growth
More than 200 representatives of the business circles, ministers and ambassadors attended January 12, 2012 a working lunch with members of the American Chamber of Commerce and with Prime Minister Boiko Borissov. The meeting was dedicated to "Incentives for economic growth, new technologies and scientific research in Bulgaria in 2012".
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22.12.2011	• Networking, Fun at AmCham Christmas Party
AmCham Christmas party has always represented two in one combination where networking opportunities mixed with fun at yearend. This time the unique mixture formed in particular with about 1,000 guests: member companies, partners, government reps, media who gathered December 7th, 2011 at the Royal hall of the Sheraton Sofia hotel.
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Today's News

Topic of the Day
02.02.2012	• Bank Drain Ghosts Haunt Bulgaria Again
Foreign banks are pulling funds from their subsidiaries in Bulgaria as lending growth in the country stalls, shows preliminary data of BIS, the central bank of central banks, as cited by local media. The total exposure of foreign banks to Bulgaria totaled USD 2.3 B during the third qurater of last year and about half of it - USD 1 B - was withdrawn by Greek banks, Sega daily reported, citing preliminary data from the Bank for International Settlements (BIS), Novinite.com (Sofia News Agency) wrote.
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Politics
02.02.2012	• Bulgaria’s Government nominates five further ambassadors
The process of Bulgaria reshaping its diplomatic corps abroad took a further step forward on February 1 2012 when the Cabinet approved a further five nominations for ambassadors, to Spain, Russia, Syria, Morocco and Pakistan. The nominations will be sent to President Rossen Plevneliev for approval. Boiko Kotsev has been nominated to head the Bulgarian embassy in Moscow, while three career diplomats have been named to head Bulgaria’s missions in Islamabad, Damascus and Madrid, The Sofia Echo wrote.
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Economy
02.02.2012	• Bulgaria Formally Closes Down Tobacco Agency
The Tobacco Fund, Bulgaria's state unit in charge of subsidies for tobacco growers, was officially disbanded at a cabinet sitting Wednesday. The entity had been rendered obsolete by EU requirements, which mandated that tobacco funds be integrated in the state's overall policy for subsidizing agriculture. In line with that, starting 2011 tobacco money passed under the authority of the Agriculture Fund entity at Bulgaria's Ministry of Agriculture and Foods, Novinite.com (Sofia News Agency) wrote.
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Business
02.02.2012	• Bulgaria to Pay Debt on Burgas-Alexandroupolis in 2012
Bulgaria plans to pay its debt on the Burgas-Alexandroupolis oil pipeline in 2012, said Plamen Grozdanov, Bulgarian Ambassador to Moscow. In an interview for Russian news agency Interfax, he explained that the Bulgarian government had agreed to allocate BGN 12.8 M for the payment of its financial obligations as a participant in the oil pipeline project. Grozdanov specified that the sum had been accrued since 2009, Novinite.com (Sofia News Agency) wrote.
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International
02.02.2012	• German Chancellor Merkel in China on eurozone talks
Angela Merkel, the German chancellor, has arrived in Beijing for a two-day visit expected to focus on the eurzone crisis, Iran and Syria. Accompanied by a 20 strong trade delegation, she is scheduled to meet President Hu Jintao and Premier Wen Jiabao in the capital. On Friday, she will visit Guangdong province with Mr Wen and executives from various industries, BBC wrote.
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Member Updates

02.02.2012	• Eastern Europe - What Lies Ahead in 2012
According to Colliers’ report, which analyses real estate trends in 13 Eastern European property markets, positive economic growth is forecast across the region for the year ahead. Only Greece is set to witness a recession as the country gets to grips with austerity planning and the fall-out of Europe’s sovereign debt crisis. In all other markets economic prospects remain, although it is noticeable that forecasts have been gradually and regularly pared back over the last three months, as economic sentiment worsened at the end of 2011.
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01.02.2012	• Enjoy a romantic St. Valentine Day at Kempinski Hotel Grand Arena Bansko

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18.01.2012	• Investor.BG AD reported 19% sales growth in the fourth quarter of 2011
On Jan. 13 Investor.BG AD reported 19% sales growth in the fourth quarter of 2011 on annual basis to BGN 1.32 million, the company announced through Bulletin Investor.bg. For the entire 2011 the sales amount to BGN 3.97 million reporting an annual increase of 14%. For the last 12 months Investor.BG’s shares become cheaper with 7% to BGN 11.49 per share and BGN 16.5 million market capitalization.
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21.12.2011	• IX Annual HR awards of BHRMDA’2011 for successfully implemented projects
On December 16th, the Bulgarian Human Resources Management and Development Association- BHRMDA held the IX Annual HR awards of the association for successfully implemented projects within the Human Resources area. Sixteen projects took part in the competition, divided in five categories.
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