NEWS FROM BCCI
Review of the Bulgarian-Lebanese economic relations
The President of BCCI Tsvetan Simeonov met and talked with Ahmad Alaeddine, President of the Lebanese – Bulgarian Business Council and President of the Association of the Bulgarian – Arab Economic Chambers.
The current economic situation in Lebanon and Bulgaria, in the conditions of a global epidemic situation, and the opportunities for intensifying the bilateral business relations, were among the main topics of the meeting.
Ahmad Alaeddine informed about the upcoming initiatives in 2021 which will be led by the Lebanese-Bulgarian Business Council and the Association of the Bulgarian-Arab Economic Chambers.
The President of the Chamber undertook an engagement BCCI to inform and assist the interested Bulgarian companies and organizations for participation in these initiatives, but not until the specific dates for the upcoming bilateral business meetings and forums are specified.
According to the data provided by the Ministry of Economy for 2019, the Bulgarian export to Lebanon is increased by 64.3%, compared to 2018, amounting to 132.1 million USD, while the import from Lebanon to Bulgaria is decreased by 67.0%, amounting to 31.3 million USD.
NEWS FROM BCCI
BCCI and the Georgian Chamber of Commerce and Industry seek to intensify the relations between each other
Potential for cooperation in the sectors of tourism, wine industry, construction, light industry…
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Review of the Bulgarian-Lebanese economic relations
Discussion on initiatives covered by the Lebanese-Bulgarian Business Council and the Association of the Bulgarian-Arab Chambers of Commerce.
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BCCI provides legal consultations
In the field of company, commercial, administrative and labour law, out-of-court dispute resolution
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BUSINESS CLIMATE
Bulgarian business will have breath of air in Pandemic, new aid program is worth BGN 78 million
Approved applicants will be able to cover operating costs with the fresh funds
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Situation of the non-financial enterprises in the epidemic situation in January 2021
Amongst the responded enterprises, 43% declared a decrease in revenues from sales of goods and services
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BULGARIA IN EU
Studies initiated by the European Commission confirmed the position of Bulgaria that texts of the Mobility Package I, when applied, would lead to an increase in harmful emissions
BULGARIAN ECONOMY
Bulgaria’s exports to Germany grow to record highs despite pandemic
From 2009 Bulgaria started to export goods of higher value
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Bulgaria – Greece gas interconnector construction in progress
The gas pipeline is 182 km long, of which 151 km in Bulgaria and 31 km in Greece
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FINANCE
Fitch Ratings has upgraded the Outlook on Bulgaria’s “BBB” Rating
The Positive Outlook reflects the dissipation of macroeconomic risks stemming from the Covid-19 pandemic
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Ministry of Finance launches new issue of 5-Year GS at negative annual yield
The biggest amount of GS acquired by banks – 63%
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PROGRAMMES & PROJECTS
53 projects for improvement of the public environment and social infrastructure will be financed under “Beautiful Bulgaria” in 2021
Of these, 51 are of municipalities and 2 are of third parties
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VIEWS ON BULGARIA
History event: Niagara Falls will be illuminated in the colors of the Bulgarian Flag on March 3
On the occasion of the National Holiday of Bulgaria
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