Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgarian President Cites SMEs as Exclusive Priority
Date: 13/06/2012
Bulgarian President Cites SMEs as Exclusive Priority

A mere 1000 (0.8%) of the total of 350 000 companies re-registered in Bulgaria's Trade Register are big (total headcount of 250+), the remaining ones being small and middle-sized, according to Bulgarian President Rosen Plevneliev.

The trend was highlighted Thursday at a meeting of the Economic Development and Social Policy Council at the President's Office held under the motto ""Inclusive growth: Employment and Social Inclusion".

The participants in the meeting agreed on the notion of small and middle-sized enterprises (SMEs) being the backbone of all economies.

In his opening speech, Plevneliev emphasized the role of SMEs in Bulgaria, adding that 70% of the country's employed population was working at such companies.

"This comes to show us that SMEs are an exclusive priority because it is precisely SMEs that generate employment and economic opportunities on a national and also on a global scale," he stated.

Kamen Kolev, Deputy Chair of the Bulgarian Industrial Association (BIA) announced that Bulgaria had a very low efficiency of public spending.

Stressing Bulgaria's backwardness in the sphere, Kolev called for equal access to SMEs.

Plevneliev also drew attention to the need to create mechanisms and programs to support SMEs, saying that the InvestBulgaria Agency and the Bulgarian Development Bank could get down to the task.

Vasil Velev, Chair of the Bulgarian Chamber of Commerce and Industry (BCCI), also spoke about the problems of SMEs.

He argued that SMEs were being sidelined from a number of projects and were often unable to participate in public procurement tendering because they could not meet the eligibility criteria.

Velev insisted that the solution to the latter problem was the creation of clusters.

Topic: Economy

Featured District
Invest Bulgaria Charts
Real GDP Growth of Bulgaria
Real GDP Growth of Bulgaria

Net Foreign Assets of Bulgaria
Net Foreign Assets of Bulgaria

See all charts
Did You Know?
Bulgarians Abroad
Bulgarians Abroad
More than 100,000 Bulgarians live in Chicago ... More

Kardjali is located in the very heart of the eastern Rhodope mountain, along the two banks of the Arda river, 100 km southeast of Plovdiv. 6000 years-old remains of human life as well as ample examples of the presence of Thracian, Roman, Byzantine, late-Ottoman and Bulgarian culture have been found on the territory of the town.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members