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1 B U L G A R I A Official title Republic of Bulgaria Official title Republic of Bulgaria...
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1 B U L G A R I A B U L G A R I A Official title Official title Republic of Bulgaria Republic of Bulgaria Location Location Southeast Europe, bordering the Black Sea, Southeast Europe, bordering the Black Sea, Romania, Serbia, Romania, Serbia, Macedonia, Greece and Macedonia, Greece and Turkey Turkey Form of the Government Form of the Government Parliamentary Republic, one Parliamentary Republic, one chamber – 240 chamber – 240 seats, seats, elections every four years elections every four years President President Georgi Parvanov Georgi Parvanov Rprime-minister Rprime-minister Simeon Saxe- Coburg Gotha Simeon Saxe- Coburg Gotha Official Language Official Language Bulgarian, alphabet – cyrilic Bulgarian, alphabet – cyrilic Capital Capital Sofia Sofia (1.2 million inhabitants) (1.2 million inhabitants) Area Area (T (T housands of km housands of km 2 ):111 ):111 Population Population (millions): 7.9 (2001) (millions): 7.9 (2001)
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Transcript of 1 B U L G A R I A Official title Republic of Bulgaria Official title Republic of Bulgaria...
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B U L G A R I AB U L G A R I A Official title Official title Republic of BulgariaRepublic of Bulgaria
LocationLocation Southeast Europe, bordering the Black Southeast Europe, bordering the Black Sea,Sea,
Romania, Serbia,Romania, Serbia, Macedonia, Greece andMacedonia, Greece andTurkeyTurkey
Form of the GovernmentForm of the Government Parliamentary Republic, one chamber – 240Parliamentary Republic, one chamber – 240seats, seats, elections every four yearselections every four years
PresidentPresident Georgi ParvanovGeorgi Parvanov
Rprime-ministerRprime-minister Simeon Saxe- Coburg GothaSimeon Saxe- Coburg Gotha
Official LanguageOfficial Language Bulgarian, alphabet – cyrilicBulgarian, alphabet – cyrilic
CapitalCapital SofiaSofia (1.2 million inhabitants) (1.2 million inhabitants)
AreaArea (T(Thousands of kmhousands of km22):111):111
PopulationPopulation (millions): 7.9 (2001)(millions): 7.9 (2001)
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Credit Rating of Bulgaria Credit Rating of Bulgaria Bulgaria has proven higher investment Bulgaria has proven higher investment credibilitycredibility
June 2004 Standard&Poor’s gave an investment-grade foreign-currency rating
BBBBВ-В- (stable outlook) by Standard&Poor’s;
BBBBВ-В- (stable outlook) by Fitch IBCA;
BBаа11 (stable outlook) by Moody’s;
BBBBВ-В- (positive outlook) by the Japan Credit Rating Agency
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Trade between Bulgaria and JapanTrade between Bulgaria and Japan
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,4
16
,2 24
,9 33
,1
39
,6
36
,3
32
,9
37
,5
23
,4
64
17
,7
62
,4
12
,9
76
,6
10
,8
88
,3
14
,3
13
5,9
9,6
12
8,7
0
20
40
60
80
100
120
140
1995 1996 1997 1998 1999 2000 2001 2002 2003 J an-Sept2004
Export Import
((1995- September 2004, USD mln.)1995- September 2004, USD mln.)
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Japanese InvestmentsJapanese Investments
Japanese companyJapanese company Bulgarian companyBulgarian company ActivityActivity SharShare %e %
International Hospital Services International Hospital Services Co.Co.
Tokuda Credit Express Bank Finance 53.34
Koshin BussanKoshin Bussan K&B Int. Ltd Retail trade in medical and orthopedic products
100
Novak Corporation LtdNovak Corporation Ltd Svoboda JSC Processing of leather and production of leather products
80
Padeco Co. LtdPadeco Co. Ltd Consultancy on the Sofia Subway Expansion project
Consultancy 50
Pasific Consultants Internation Pasific Consultants Internation Co. LtdCo. Ltd
Consultancy on the Sofia Subway Expansion project and Port Bourgas expansion project
Consultancy 50
Penta Ocean Construction Co. Penta Ocean Construction Co. LtdLtd
Penta Ocean Consortium (Mitsubishi)
Construction (contractors in the Port Bourgas Expansion Project)
90
Tomen CorporationTomen Corporation TM Auto Ltd Trade in automobiles (importers and dealers of Toyota)
60
Fanuk LtdFanuk Ltd Fanuk Bulgaria Corporation Ltd Maintenance and repair of office, accounting and computing machines
100
MitsuiMitsui Mitsui & Co Ltd (Representative office)
Consultancy 100
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Project:Project: Rehabilitation of U 1-4 &Rehabilitation of U 1-4 & construction of construction of FGDs at units 5 and 6 of Maritsa East 2 TPPFGDs at units 5 and 6 of Maritsa East 2 TPP
Investments in the Investments in the Energy SectorEnergy Sector
Rehabilitation of 4x150 MW units + installation of FGDsRehabilitation of 4x150 MW units + installation of FGDs & & Construction of Construction of FGDs at units 5 and 6FGDs at units 5 and 6
EPC ContractorEPC Contractor UU1-41-4: Mitsui Co Ltd, Japan: Mitsui Co Ltd, JapanEPC Contractor FGDs 5&6 : tender May 2004EPC Contractor FGDs 5&6 : tender May 2004
Total investment EUR 226 M financed by JBIC – 85% of the project's costTotal investment EUR 226 M financed by JBIC – 85% of the project's cost 75 million euro, co-financed by ISPA (grant), EBRD (credit) and Maritsa East 75 million euro, co-financed by ISPA (grant), EBRD (credit) and Maritsa East
Status: financial arrangements in process, S&P assigned Status: financial arrangements in process, S&P assigned 'BB' long-term 'BB' long-term corporate credit rating corporate credit rating to Maritsa East II TPPto Maritsa East II TPP
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Investments in the Investments in the Energy SectorEnergy Sector
Project: Construction of replacing capacity on the site of Maritsa East 1
Status: financial arrangements in process, expected financial closure end 2004
Expression of interest:
AES;
Mitsui + ENEL
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Bulgarian EconomyBulgarian Economy, , presented on the presented on the InternetInternet
Ministry of EconomyMinistry of Economy:: www.mi.government.bg
Privatization AgencyPrivatization Agency ::
www.priv.government.bg
Invest Bulgaria AgencyInvest Bulgaria Agency::
investbg.government.bginvestbg.government.bg
Bulgarian Export Insurance Agency:Bulgarian Export Insurance Agency: www.baez-bg.com
