AmCham Annual Report 2013 - AmCham Bulgaria · of the Foundation “For Our Children” to help...

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March, 2014 2013

Transcript of AmCham Annual Report 2013 - AmCham Bulgaria · of the Foundation “For Our Children” to help...

Page 1: AmCham Annual Report 2013 - AmCham Bulgaria · of the Foundation “For Our Children” to help refugee children from Syrian. The Chamber donated 6 000 BGN for needs of children in

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SOFIA, March, 2014

TAble OF COnTenTS

Report of the Board of Directors page 1

Key Performance Indicators page 5

Organizational Structure – Board of Directors and AmCham Team page 7

Membership 2013 page 8

AmCham Events 2013 page 14

AmCham Committees & Working Groups page 20

AmCham White Paper page 30

Position Papers and Reports 2013 page 33

Our Speakers page 36

International Cooperation page 42

Financial Report 2013 / Budget 2013-2014 page 45

AmCham Publications 2013 page 46

In the Media in 2013 page 47

Audit Report 2012 page 51

Thank you Letters page 55

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1report of the Board of Directors

RepORT OF The bOARd OF dIReCTORS FOR The YeAR 2013

DeAR AMChAM MeMbeRS:

On behalf of the American Chamber of Commerce Board of Directors it is my pleasure to present you with our Annual Report for 2013.

The Key Performance Indicators show a detailed presen-tation of the events activities of our committees, position papers, media coverage, etc.

Facts and figures in the AmCham scorecard are a good reference to the accomplishments and but it is far more important to make an analysis based on these facts and figures.

Political and economic situation in the country

AmCham lobbying, advocacy and committees’ work for a better business environment

A rapidly changing political situation – including three separate governments – has made it difficult for Bulgaria to take steps to overcome a continued economic stag-nation. Though the Government declares an ambitious agenda for growth and prosperity, analysts and investors believe that bold reforms are needed in many sectors. Reforms will only be successful if they are taken as part of an open, transparent and professional dialog between all stakeholders. Moreover, as we have seen throughout the past twenty years, Government must demonstrate a

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strong commitment to implementing reforms once con-sensus is achieved.

With these principles in mind AmCham developed a White Paper which outlines insights that we believe are of critical importance to Bulgaria if it is to reinvigorate its economy and attract investments in a highly competitive marketplace.

The document focuses on core challenges facing the economy and recommends measures to improve produc-tivity (inefficiency of the economy). Noting that these challenges are not unique to Bulgaria, the Am Cham believes that moreneeds to be done (and urgently) if the country hopes to establish a stable and satisfactory qual-ity of life for the current and next generation.

The White Paper has been presented to the public and discussed with the main political parties before the parliamentary elections. The White Paper has received attention and support from the decision makers. Prime Minister Oresharski recently made clear that the economic agenda of the Government reflects to a great the recommendations outlined in the AmCham White Paper.

In order to respond to a the need to express mem-bers views in legislative and regulatory processes, the Am Cham has established new committees, including the Energy and Mineral Resources Committee and the Healthcare Committee. Existing committees such as the Public Procurement and EU Funding Committee, Tax Committee, HR Committee also increased their advo-cacy work while the Quality management committee has expanded its agenda and contributed in sharing best practices among the membership.

AmCham also strengthened its own institutional capacity by creating a position of Legislative and Policy Advisor which has led to a more structured work of the com-mittees and far better relationship with the state and government institutions. However the core of the com-mittees’ work remains the active involvement of the membership and I would like to thank all who have been involved in designing and implementing the ambitious agenda of the committees, the development of the many position papers, the meetings and discussions with the government officials and the members of parliament. In previous years the committees played mostly the role of forums for sharing best practices, but on many occasions this past year the committees served as “think tanks” where opinions on important pieces of legislation and economic policies are formed and developed. At the Board level we are very pleased that the committees are now the source of so many AmCham positions and state-ments; they have become important tools for advocacy and communication policy.

Transatlantic Trade and Investment Partnership /TTIP/

The United States and the European Union account for nearly half of the global economic output, with each pro-ducing more than USD 16 trillion in GDP. Bilateral trade creates more than 15 million American and European jobs, and Bulgaria contributes to these numbers. In the summer of 2013 the United States and the European Union opened negotiations on a Transatlantic Trade and Investment Partnership (TTIP) which would deepen the economic relationship between the world’s two leading economies and lead to the creation of the world’s largest free trade and economic area.

However, we at Am Cham ask: Can the country do more and take a better advantage of the transatlantic economic partnership? Therefore, have determined to make it a priority to increase public awareness and promote the benefits of TTIP. The Chamber also will aim to contribute to the complicated process of nego-tiations by providing expertise, surveys and research for different sectors of the economy. For example we submitted to the U.S. Chamber of Commerce a compre-hensive report on public procurement in Bulgaria. The report was developed by the Public Procurement and EU Funding committee.

In October we organized a major conference on TTIP and the benefits for both sides of the Atlantic. The Forum

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3report of the Board of Directors

gathered over 180 guests representing international organizations, business and diplomatic circles, institu-tions, the government and the media. The common efforts of the moderators and panelists resulted into a dynamic and stimulating discussion which played a major role in the success of the conference.

The American Chamber of Commerce in Bulgaria remains alert regarding the transatlantic cooperation talks between Washington and Brussels and aims at promot-ing further discussions on the implications of such an agreement for the businesses in Bulgaria.

CSR policy of AmCham

As good corporate citizens AmCham continued its CSR activities.

We participated as always in Volunteer Days initiative and promoted among the AmCham community projects benefitting the environment, the cultural and archeo-logical heritage of Bulgaria, disadvantaged and elderly people, animal rescue centers, etc. For a second time we launched the initiative “Professionals at School” aiming to bring closer the business and the academia.

At the Thanksgiving Dinner and the Independence Day Party we raised 77, 000 BGN for such projects as: “Get Ready for Success” which is promoted by the Bulgarian Charities Aid Foundation. The project provides scholar-ships for school and university students without parents and the “Start-Ups” fund supporting small projects for social integration of vulnerable youth.

AmCham donated 10, 000 BGN to the Bulgarian Christmas charity initiative under the patronage of President Rosen Plevneliev. The 2013-2014 campaign is under the slogan “Less children with poor eyesight and poor hearing”. The ultimate goal is to provide high tech appliances for the university and regional hospitals.

Furthermore, AmCham Bulgaria responded to an appeal of the Foundation “For Our Children” to help refugee children from Syrian. The Chamber donated 6 000 BGN for needs of children in Harmanli refugee center.

This year we are also determined to develop new pro-grams and we would strongly encourage the membership to share ideas how we can bring more value to the com-munities where we live and work.

AmCham Communication Policy

In our efforts to provide best quality services to our mem-bers and utilize new possible communication channels, Am Cham is expanding its use of social media networks. Following a survey of other European AmChams, we are reviewing the overall design and functionalities of the website and assessing how we can improve our commu-nications capabilities.

We are also happy to report the launch of a new publi-cation on travel and tourism. This is a joint initiative of AmChams of Bulgaria, Croatia, Czech Republic, Hungary, Romania, and Slovenia. The organizations have agreed to cooperate in development of a monthly online regional tourism guide Visit Central and Southeastern Europe where AmCham Bulgaria members can put forward their services to the regional AmCham members through the AmCham network.

We have heard many times that the AmCham Magazine and the Daily newsletter remain valuable and impor-tant sources of information for business, diplomats and government officials. We encourage you to share ideas, experience and news in these publications. We also invite you to take advantage of the advertisement opportuni-ties these publications provide.

We greatly appreciate the ideas of our members and try to support individual members’ initiatives as much as possible. Some examples this past year have included: cooperation with AoN/Hewitt on its survey for employ-ees, partnership with Job Tiger which held a contest for best employer in ICT, public lectures and discussions of the Atlantic Club, support of events of the Overseas Security Advisory Council (OSAC), etc. We hope that you

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keep brining your ideas to AmCham and we will try to find ways to add value.

Finally I would like to extend thanks to all the Board members and Committee Chairs who have done out-standing work by mobilizing members as well as bringing and leading new initiatives. I also feel need to recognize with a great deal of appreciation the commitment and the professional work done by the AmCham team and the Executive Director.

AmCham success in 2013 was greatly enhanced by the support os the U.S. Embassy and the U.S. Commercial Service. Our sincere thanks to Ambassador Ries and the Senior Commercial Officer Thomas Bruns. We deeply appreciate what they have done for us.

And of course the achievements would not have been possible without the enthusiasm and dedication exhibited by all members. Our big gratitude is directed to all mem-bers for the commitment to make the Chamber a vibrant and highly professional organization.

Sincerely,

Peter Lithgow, President

report of the Board of Directors

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5Key Performance Indicators 2013

KPI 2013 Plan/Actual

2014 Plan

Description

MEMBERSHIP 316 / 302 302 Period 01-12/2013

EVENTS

Conferences and Roundtables

4 / 2 4 Public Procurement Conference with the US Embassy, June 20

TTIP Conference – October 24Business Luncheons & General Assemblies

8 / 5 8 Business Luncheon with Prime Minister-B.Borisov – 29 Jan

AmCham General Assembly – February 12

Business Breakfast with Manpower – March 22

Business Breakfast with AON – June 13

AmCham General Assembly – June 25

Business Brunch with Minister of Economy – December 14Social / Sports Events

8 / 8 8 Discover U.S. Expo – March 07

AmCham Ski Tournament – March 09-10

AmCham – BCAF Volunteer Days 2013 – May 18

Independence Day Celebration – July 06

AmCham – BCAF Volunteer Day – October 10 & Professionals at School Week

Thanksgiving Community Dinner – November 25

X-mas Party – December 11

Halloween Party – November 1 Networking Receptions

6 / 4 6 Meet New Members Party – April 2

Meet New Members Party – May 20

Farewell Party for Barbara Lapini – June 25

Networking Reception with U.S. Embassy – October 9

AMChAM

KeY peRFORMAnCe IndICATORS 2013

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KPI 2013 Plan/Actual

2014 Plan

Description

INTERNATIONAL COOPERATION

International Cooperation

4 / 8 4 AmCham EU Brussels Briefing & Transatlantic Conference – March 21-22

AmChams in Europe Transatlantic Conference, New York, Washington DC – June 2-7

AmChams in Europe Best Practices Conference, Finland & Estonia – September 18-20

Financial Times Investing in Bulgaria Events in USA– Chicago, New York, San Jose – February 19-26

Financial Times Investing in Bulgaria Events in Tokio & Hong Kong – March 9-15

US Commercial Service Regional Water Trade Mission – Bulgaria, Romania, Moldova – April 16-17

Public Procurement Conference with US Embassy – June 20 – Romania, Macedonia

AmChams in Europe Summer Training in Slovenia – August 21-23

LOCAL COOPERATION

Events / Projects

2 / 6 2 Volunteer Day and CSR cooperation with BCAF

AON/Hewitt Best Employeers Study

Dialogue For The Ecnonomic Development, Dialogica Initiative – October 29

OSAC Events with the US Embassy

Bulgarian Donors' Forum "Largest Corporate Donor 2013" – November 11

Top ICT Employer, JobTiger & ICT Media

PUBLICATIONS & PROJECTS

AmCham Magazine 10 issues, 32 pages

Yearbook 2013 500 copies, A4Annual Report 2012 150 copies

Visit Europe Guide – Bulgaria, Chezh Republic, Romania, Moldova, Ukraine

AmChams in Europe Social Media Research

COMMITTEES

4 / 4 7 Human Resources Committee 4 / 5 6 Public Procurement and EU Funding Advisory Committee 4 / 4 4 Quality Management Working Group 4 / 3 4 Tax Committee 0 / 3 4 Energy & Mineral Resources Committee

LOBBYING

AmCham White Paper 2013 and colateral meetings with leading parlia-mentary groups

Labor Code modernization; Education and Traineeships; Tax issues (excise duty, MSST); Public Procurement in Bulgaria Report for the US Chamber in Commerce; Public procurement legislative provisions; Energy sector issues; New EU Programme Period 2014-2020; Enlarging AmCham international network & business opportunities abroad; Inquiry about Investment Promotion Act amendments

Key Performance Indicators 2013

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AMeRICAn ChAMbeR OF COMMeRCe In bulgARIA

bOARd OF dIReCTORS

President ................................................... Mr. Peter Lithgow AES Corporation

Vice President ................................................ Mr. Daniel Berg European Bank for Reconstruction and Development

Vice President ................................................ Mr. Alex Nestor Individual member

Treasurer ............................................... Ms. Petya Dimitrova Eurobank Bulgaria

Members ............................................... Mr. Borislav Dimitrov Cisco Systems Bulgaria

Mr. David Butts CMS Cameron McKenna

Ms. Diana Pazaitova Fama Consulting

Mr. George Brashnarov Nemetscheck Bulgaria

Ms. Krassimira Chemishanska Amgen Bulgaria

Mr. Levon Hampartzoumian UniCredit Bulbank

Mr. Sergey Koynov Forton International

Mr. Solomon Passy Atlantic Club of Bulgaria

Ex-Officio Member ........................................ Mr. Thomas Bruns Senior Commercial Officer, U.S. Embassy

aMChAM TeAM

Executive Director ................................ Mr. Valentin Georgiev [email protected]

Business Development & Event Manager .............................. Ms. Nadejda Vakareeva [email protected]

PR and Publications Manager ..................... Ms. Irina Bacheva [email protected]

Policy and Legislative Adviser ................... Ms. Nadia Lazarova [email protected]

Event and Committee Assistant .................... Ms. Iva Zhivkova [email protected]

Office and Event Assistant .......................... Ms. Ana Velkova [email protected]

Chief Accountant .................................... Ms. Bilyana Petrova [email protected]

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8 MEMBErShIP 2013

AMChAM

MeMbeRShIp 2013

MeMbeRShIp develOpMenT2013 is the first year we are facing a decrease in the membership – as of December 31, 2013 the members num-bered 302. 22 new members joined the Chamber, but at the same time 34 companies terminated their membership. The economic and political crisis in the country has led to constraints in company budgets and as a result some members did not renew their membership in 2013.

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9MEMBErShIP 2013

Membership Structure by Field of Business, as of December 31, 2013

Membership Structure by Membership Type, as of December 31, 2013

The sectors with biggest shares among the membership are ICT with 8.2%, the Travel and Tourism with 6%, and Consultancy and Legal services with 6.3%, followed by Manufacturing with 6%.

35 %

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10 MEMBErShIP 2013

Company Name Industry Membertype

January

GAEA - Green Alternative Energy Assets EAD

Energy Multinational company

Geostroy AD Construction and Engineering Local company

Geotrading AD Industrial Equipment and Trade Local company

Interlang Ltd. Services Local company

Jean Talmon Construction and Engineering Individual

National Palace of Culture - Congress Centre Sofia

Travel and Tourism Local company

Novotel Sofia MHQ Travel and Tourism Multinational company

February

AGORA-IN Ltd. Construction and Engineering Local company

Club 50 Plus Media and Entertainment Local company

Zobele Bulgaria EOOD Manufacturing Multinational company

April

Actavis Bulgaria Pharmaceutical and Chemical Multinational company

Ms. Anelia Tatarova Consultancy and Legal Services Individual

Philips Bulgaria Ltd. Consumer Goods Multinational company

Tavex EOOD Finance and Banking Multinational company

New MeMbeRS22 new MeMbeR COMpAnIeS jOIned The ChAMbeR In 2013.

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11MEMBErShIP 2013

May

AHNtech Branch Bulgaria Defense Multinational company

Office for Mining Industry and Metallurgy Ltd.

Industrial Equipment and Trade Local company

July

Galardo EOOD Real Estate Local company

Intracom Bulgaria EADInformation and Communication Technologies

Multinational company

November

ESRI Bulgaria Ltd.Information and Communication Technologies

Local company

Novacon Bulgaria Ltd. Audit and Accounting Local company

December

Association Srednogorie Copper Industrial Cluster

Foundations and Associations NGO

Fox International Channels Bulgaria EOOD Media and Entertainment Multinational company

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12 MEMBErShIP 2013

aMChAM MeMbeR COMpAnIeSAS OF FebRuARY 1, 2014

3M Bulgaria EOODAA KRES EOODAbbott Products EOODAbbVie EOODActavis BulgariaAdecco Bulgaria ltd.Advance International Transport (Balkan) EADAES CorporationAFA OODAGORA-IN Ltd.AHNtech Branch BulgariaAIG Europe Limited (Bulgaria Branch)AIMS Human CapitalAir Berlin PLC & Co. Luftverkehrs KGAlbena ADAlfred C. Toepfer International Bulgaria EOODALICO Bulgaria ZhZD EAD, a MetLife Inc. CompanyAll Channels CommunicationAlliance One Tobacco BulgariaAllied Pickfords BulgariaAlpha Bank BulgariaAmerica for Bulgaria FoundationAmerican College of SofiaAmerican English AcademyAmerican Research Center in SofiaAmerican University in Bulgaria (AUBG)Amgen Bulgaria EOODAnglo-American School of SofiaAON BulgariaAPOLO Ltd.Arexim EngineeringAshtrom International Ltd.Association Srednogorie Copper Industrial ClusterAstra Zeneca Bulgaria EOODAT Engineering 2000 Ltd.Atlantic Club BulgariaAtos IT Solutions and Services EOODAttica Media Bulgaria Ltd.August ResearchAurubis Bulgaria ADAuto Bavaria Ltd.AVON Cosmetics BulgariaAxway Bulgaria EOODBaker Tilly BulgariaBalkan Star Automotive EOODBallistic Cell Ltd.Baxter Bulgaria EOODBC Serdon

Berlitz Schools of LanguagesBG RadioBICA International Ltd.BLD Asset ManagementBMG Ltd.BMW Vertiebs GmbH - Branch BulgariaBOYANOV & Co.Braykov’s Legal OfficeBritish American Tobacco BulgariaBrown Forman Beverages Worldwide Sofia Branch LLCbTV Media GroupBulgarian American Enterprise FundBulgarian Charities Aid Foundation (BCAF)Bulgarian Development BankBulgarian Executive Search AssociationBulgarian Property Developments EOODBulPros Consulting JSCBulstrad Life Vienna Insurance GroupBusiness Intellect Ltd.Business Park Sofia EOODCallPoint New Europe ADCarat BulgariaCenter for the Study of DemocracyCheque Dejeuner Bulgaria Ltd.Chevron Bulgaria Exploration and Production EOODCisco Systems BulgariaCitibank Europe Plc, Bulgaria BranchClub 50 PlusCMS Cameron McKenna LLP - Bulgaria BranchCoca-Cola EnterprisesCoca-Cola HBC Bulgaria ADCoface Bulgaria Credit Management Services EOODCOLLIERS International BulgariaCongress Engineering Ltd.Construction Management GroupContitrans M Ltd.ContourGlobal Maritsa East 3 ADCrédit Agricole Bulgaria EADCurtis / Balkan Ltd.Dalkia Bulgaria EADDanailov, Mihaleva, Nedelchev & Co.Delchev & Partners Law FirmDeloitte Bulgaria EOODdenkstatt Bulgaria OODDeutsche Bank AGDevin ADDHL Express Bulgaria Ltd.Diamed Ltd.

Dimitrov, Petrov & Co.Djingov, Gouginski, Kyutchukov, & VelichkovDobrev & Lyutskanov Law FirmDr. I.S. Greenberg Medical CenterDrujba Glassworks SADundee Precious Metals Inc.EcoPack Bulgaria ADEcotherm Project JscEdenred BulgariaEkotoi - Service Ltd.Ekzotika EOODElectron Progress EADElevat Ltd. Legal HouseEli Lilly and CompanyEltrak Bulgaria Ltd.EMC Computer Systems Austria GmbHEmerson Process ManagementEnergoService ADEngineeringservice Sofia Ltd.Enterprise Communications Group OODEOS Matrix Ltd.ESRI Bulgaria Ltd.Etap AdressEurobank BulgariaEurohold BulgariaEurOmax Resources Ltd.European Bank for Reconstruction and Development (EBRD)European Trade Center EOODExpat CapitalExperian Bulgaria EADEY BulgariaFairPlay InternationalFama Consulting OODFlying Cargo Bulgaria Ltd. - Licensee of FedExForce Delta Ltd.Forton International ADFoundation Glob@l Libraries - BulgariaFox International Channels Bulgaria EOODGAEA - Green Alternative Energy Assets EADGalardo EOODGasstroymontaj JscGeneral Electric InternationalGeostroy ADGeotechmin OODGeotrading ADGi GroupGIFTAGlaxoSmithKline

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13MEMBErShIP 2013

Grand Hotel SofiaGTC BulgariaHewlett-Packard Bulgaria Ltd.HILD Asset Bulgaria Jsc.Hilton SofiaHoneywell EOODHotel Yastrebets Wellness & SPAIBM BulgariaICAP Bulgaria JSCIdeal Standard - Vidima ADIncotex Group Ltd.Industrial Holding BulgariaInterConsult Bulgaria Ltd.Interdean Relocation ServicesInterlang Ltd.Intertek - MoodyIntracom Bulgaria EADInvestbank PLCInvestor BG ADIP Consulting Ltd.ITT ExelisJapan Tobacco International BulgariaJobs.bg EOODJobTiger Ltd.Johnson & Johnson Bulgaria EOODJohnson Controls Electronics BulgariaJunior Achievement BulgariaKaliakra ADKamenitza ADKatilin Popov Enforcement OfficersKempinski Hotel Grand Arena BanskoKempinski Hotel Zografski SofiaKPMG Bulgaria OODLANDMARK Property Management EADLexim Sofia LtdLindner Immobilien Management EOODLirex BG Ltd.M3 Communications Group, Inc. A Hill & Knowlton AssociateMaria Vranovska, MD, MBAMars Incorporated Bulgaria EOODMarsh EOODMaxi I ADMB CommunicationsMBL| Part of the CBRE Affiliate NetworkMegatron EADMellon Bulgaria EADMerck Sharp & Dohme BulgariaMicrosoft BulgariaMiltech Ltd.Minstroy Holding JscMobiltel EADMonbat Plc.Mondelez Bulgaria ADMoten SportMoto-Pfohe Ltd.Movex RelocationsMr. David HampsonMr. Jean Talmon

Ms. Anelia TatarovaMs. Kalinka KovatchevaMs. Margarita Radeva, CPAMunicipal Bank PlcMusala Soft ADNemetschek BulgariaNEXTDOOR Ltd.Nova Broadcasting Group ADNovacon Bulgaria Ltd.Novotel Sofia MHQNu Boyana Film StudiosOffice for Mining Industry and Metallurgy Ltd.On Bulgaria Ltd.Oracle East Central Europe Limited - Branch BulgariaOrak Group Europe Ltd.Orbit Ltd.Orkikem Ltd.Panchim Ltd.PANDA - IP Ltd.Pedersen & PartnersPenev LLPPenkov, Markov & PartnersPfizer Luxembourg SARL Branch BulgariaPhilip Morris Bulgaria EOODPhilips Bulgaria Ltd.Pioneer Semena Bulgaria EOODPMB EOODPPD Bulgaria EOODPremier Luxury Mountain ResortPremier Tours Ltd.Prestige 96 ADProgress CAD R&D Centre Ltd.Provident Financial Bulgaria Ltd.PSG Payroll Services Ltd.PwC BulgariaQuadrant Beverages JSCRadisson Blu Grand HotelRed Devil Catering PlcRegus Bulgaria Ltd.Renault Nissan Bulgaria SRLRight Rental Ltd.RSM BX Ltd.S&T BulgariaSanofi - Aventis Bulgaria EOODSb Accounting and ConsultingSchenker EOODSchneider Electric BulgariaSECTRONSensata TechnologiesShell Bulgaria EADSherita M Ltd.Siemens EOODSIENIT HoldingSitel Bulgaria EOODSodexo Pass Bulgaria EOODSofia Hotel Balkan A Luxury Collection Hotel

Sogelife Bulgaria IJSC

Sopharma AD

Sopharma Trading JSC

St. Sofia Golf Club & SPA

Stanton Chase International Bulgaria

Steelcase International

Stefan Dimitrov, Norman Realestate Co.

Ltd.

Sunfoods Bulgaria EOOD - Development

Licensee of McDonald’s in Bulgaria

Sutherland Global Services Bulgaria EOOD

Tavex EOOD

TBI Bank EAD

TechnoLogica EAD

Telelink EAD

The Coca-Cola Company Bulgaria

Tishman Management Company EOOD

Titan Zlatna Panega Cement

TMF Services EOOD

Totema Engineering JSC

UniCredit Bulbank

UniCredit Leasing EAD

Unimasters Logistics Plc

Unique Estates

Unisys Bulgaria Branch

United Bulgarian Bank

VAPTECH Ltd.

Videolux Holding / Technopolis

VISA Europe

VIVACOM

VMware Bulgaria EOOD

VSK Kentavar - IZ Dinamika EOOD

VUZF University Higher School of

Insurance and Finance

Walltopia Ltd.

Welcome to Bulgaria

Westinghouse Energy Systems Bulgaria

Branch

World Courier Bulgaria Ltd.

World Transport Overseas Bulgaria Ltd.

WorleyParsons Nuclear Services JSC

Wrigley Bulgaria EOOD

Xerox Bulgaria Ltd.

Zlatina Ruseva-Savova, LL.M., MBA

Zobele Bulgaria EOOD

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14 Events Overview 2013

AMChAM

evenTS OveRvIew 2013

jAnuARY

BuSIneSS lunCheOn wITh pRIMe MInISTeR bOYKO bORISSOv

January 29, Sofia Hotel Balkan

More than 300 businesses, foreign envoys, government officials and about 60 media representatives took part in the Business Luncheon with Prime Minister Boyko Borisov in January. The premier’s speech was entitled: Government Priorities and Policies in the New Planning Period and the Multiannual Financial Framework 2014-2020 of EU. The prime minister elaborated on the major achievements of the Bulgarian government dur-ing the past 4 years: low foreign debt, low budget deficit, improvements in the administrative capacity, political and economic relations with the EU and the US.

February

aMChAM geneRAl ASSeMblY

February 12, Hilton Sofia Hotel

Seven AmCham BoD members were elected at the February General Assembly held at the Hilton Sofia hotel: Daniel Berg, EBRD Bulgaria, David Butts, CMS Cameron McKenna , Petia Dimitrova, Eurobank Bulgaria, Sergey Koinov, Forton International, Peter Lithgow, AES Corporation, Solomon Passy, Atlantic Club Bulgaria, and Roman Vassilev, individual member.

March

DISCOveR u.S. expO March 7, National Palace of Culture

The Discover U.S. Expo aimed at promoting travel, tourism, and education-al opportunities in the United States.  Hundreds of Bulgarians visited the expo in the National Palace of Culture to get acquainted with the oppor-

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15Events Overview 2013

tunities by talking to educational experts and travel companies. Consul General Deborah Campbell held a session on the visa application process, the Bulgarian Fulbright Commission gave a presentation on educational advising for study in the United States, and Emily Wolman, Associate Publisher of Lonely Planet Americas, shared her tips about budget travel in the U.S.

BuSIneSS bReAKFAST wITh MAnpOweR March 22, Sheraton Sofia Hotel Balkan

David Arkless, world-renowned expert on labor market trends shared knowledge on the main trends on the world labor market with AmCham members. The business breakfast was attended by the busi-nesses, syndicates, reps of the ministry of labor, employment agency, HR consultancy agencies, and universities in Bulgaria.

aMChAM SKI TOuRnAMenT

March 09-10, Pamporovo Ski Resort

Close to 100 racers took part in the competition and enjoyed the wonderful mountain atmosphere, many presents and after parties. Ambassadors and senior executives of AmCham member companies competed neck in neck for the wonderful awards kindly provided by the member companies.

aPrIl

MeeT new MeMbeRS pARTY

April 2, Kempinski Hotel Zografski Sofia

100 guests were welcomed by Solomon Passy, Chair of AmCham Membership Committee and CEO of the Atlantic Club Bulgaria. The companies, which took part with formal presentations during the event were: Club 50 Plus, Expat Capital, Geotechmin Group, InterConsult Bulgaria and RSM BX Ltd.

May

aMChAM - bCAF vOlunTeeR dAYS 2013May 18, Sofia and countryside

During the eleventh volunteer campaign of AmCham and BCAF the vol-unteers worked at archaeological sites and cultural monuments, among them Western Gate of Serdica, the Antique mausoleum in the South Park of Sofia. The volunteers helped refurbishing of the Polytechnic museum, the National museum of military history as well as the Boyana Church yard. In addition, volunteers cleaned the road-bed of a charity marathon near Pancharevo lake where 250 people took part.

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MeeT new MeMbeRS pARTY

May 20, Novotel Sofia

Six companies presented their products, services and activities: Air Berlin, GTC Bulgaria, Novotel Sofia, Quadrant Beverages, Premier Luxury Mountain Resort, and Prestige 96. The event provided plenty of opportunities for networking and for creating new business pos-sibilities.

JuNE

BuSIneSS bReAKFAST wITh AOn June 13, Hilton Hotel Sofia

100 AmCham members and several Bulgarian media representatives participated in the AmCham business breakfast with Aon Hewitt entitled “More than ever, employee engagement matters for better business performance”. Aon experts elaborated on the launch of Best Employers Study 2013 that was to be held for seventh year in 10 coun-tries of Central and Eastern Europe.

PublIC pROCuReMenT COnFeRenCe wITh The uS eMbASSY

June 20, U.S. Embassy in Bulgaria

AmCham business community recommended transparency, lifting of the restricting procedures and launch of electronic public procurement in Bulgaria during the conference on the government procurement jointly organized with the U.S. Embassy in Sofia and with the participa-tion of experts from Romania and Macedonia. Officials, lawyers, and business reps from Bulgaria, Romania, Macedonia, and USA shared views and experience on the public procurement. The conference continued a series of events presented by the AmCham and American Embassy on good governance. Among the speakers were: Dragomir Stoynev, Minister of Economy and Energy, Iskra Mihaylova, Minister of Environment and Water, Ivan Danov, Minister of Investment Planning, and Dan Nica, Minister of Information Society, Romania; Alex Nestor, vice-president, AmCham, Ambassador Marcie Ries, U.S. Embassy in Bulgaria.

aMChAM geneRAl ASSeMblY & FARewell pARTY FOR bARbARA lApInI June 25, Kempinski Hotel Zografski Sofia

Three AmCham board members were elected at June’s General assem-bly meeting: George Brashnarov, Nemetschek Bulgaria, Krassimira Chemishanska, Amgen Bulgaria and Diana Pazaitova, Fama Consulting. After the assembly many members attended the farewell party of Ms Barbara Lapini, U.S. commercial attaché. The commercial envoy ended a successful two year mandate in Bulgaria.

Events Overview 2013

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July

IndependenCe dAY CelebRATIOn July 6, American College of Sofia

The downpour did not affect the great moods at the 19th celebration of Independence Day of AmCham Bulgaria. It was wonderful to enjoy the delicious BBQ & beer, rock-and-roll music and dances under the tents. Valentin Georgiev, AmCham executive director, Daniel Berg, AmCham vice president, Bryan Dalton, deputy chief of U.S. Mission welcomed and congratulated with July 4th anniversary hundreds of guests. B.T.R. band as well as the legendary Kiril Marichkov performed all the evening on.

OctOBEr

aMChAM - bCAF vOlunTeeR dAY & pROFeSSIOnAlS AT SChOOl weeK October 12 – 20

The 12th Volunteer Days Campaign launch happened at the National Museum of Military History. Works on 13 projects took place simultane-ously in Sofia, Pleven and Stara Zagora, involving cleaning and improving the facilities of cultural, social, health institutions, natural parks, weeding, planting, painting, joining “creative workshops” to produce souvenirs and other items and helping at the animal rescue centers.

NeTwORKIng ReCepTIOn wITh u.S. eMbASSY

October 9, Grand Hotel Sofia

Around 100 AmCham members and U.S. Embassy key officers met during the meeting. While elaborating on AmCham’s role as a mediator between the business and government officials, the chamber’s leaders also stressed the importance of the development of trade relations between U.S. and Bulgaria. Great appreciation was expressed for the highly successful part-nership with the US embassy that is important for all AmCham businesses.

cOnFeRenCe The TRAnSATlAnTIC eCOnOMIC COOpeRATIOn FOR COMpeTITIveneSS And gROwTh. TTIp AgReeMenT: bulgARIA’S peRSpeCTIve October 24, Sheraton Sofia Hotel Balkan

Possibly the biggest highlight on AmCham’s event calendar for 2013 was the Transatlantic Trade and Investment conference. The event gathered international and local experts on transatlantic relations, who discussed the benefits of bringing down trade and investment barriers across the Atlantic and the possible challenges that lay ahead for both parties of such an agreement. Keynote speaker Jospeh Quinlan, Managing Director and Chief Market Strategist at U.S. Trust, Bank of America, advised that Bulgaria has to fit in the equation by understanding the importance of the foreign investments and to understand well what the multinational com-

Events Overview 2013

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panies want. Among the mentioned areas of importance were: property rights protection, construction permits, clear policies, and solid institu-tions. Bulgarian President Rosen Plevneliev stated that a trade agreement between the EU and US would result in stronger economic growth and more foreign investments in the country. The deputy prime-ministers Daniela Bobeva and Zinaida Zlatanova also took part in the discussions. Hendrik Bourgeois, president of AmCham to the European Union said that the partnership agreement would be a very good tool to bring Europe to the attention of the companies’ boardrooms of America, mainly due to improved competitiveness.

NOvEMBEr

hAllOween pARTY November 1, Adi’s Cook and Book

AmCham Bulgaria cheered up its members and their kids with a spooky Halloween party at a Friday evening. Thanks to the great cooperation with co-organizers Red Devil and Right Rental the party was a huge suc-cess and brought a lot of happy memories for the members and their families.

thAnKSgIvIng COMMunITY dInneR November 25, Kempinski Hotel Zografski Sofia

At the AmCham Thanksgiving Community Dinner the fundraising from bids reached 37 000 BGN. In 2013 the chamber raised in total over 77 000 BGN for the projects: Get ready to succeed program of Bulgarian Charities Aid Foundation (BCAF) that provides scholarships for school and university students without parents, and the “Start-ups” fund supporting small projects for social integration of vulnerable youth. Over 240 members registered for the dinner this year.

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Events Overview 2013

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DEcEMBEr

X-MAS pARTY

December 11, Sheraton Sofia Hotel Balkan

More than 500 representatives of member companies, bilateral chambers and local business associations, partners, ambassadors, government offi-cials, and media enjoyed the traditional Christmas party of the chamber in December. Duetto Lirico Ensemble led by soprano Christina Vassileva, Ivaylo Donkov, tenor, and Boryana Naydenova, piano greeted the audi-ence by performing classical music pieces. The program continued with rock, blues, funk and soul by the well-known Dirty Purchase band with the leading vocals Amalia and Emo.

BuSIneSS bRunCh wITh The MInISTeR OF eCOnOMY December 14, Hilton Sofia Hotel

Before the representatives of American businesses, the Minister of Economy and Energy Dragomir Stoynev underlined that in order to gain the trust of foreign investors, a stable and predictable business environ-ment should be guaranteed. One of the first tasks of the government was to remove the pressure on the economy and to reestablish the dialogue with businesses, he reminded. The event was of great interest to the AmCham membership and to the energy companies in particular.

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Events Overview 2013

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AMChAM COMMITTeeS & wORKIng gROupS

tAx COMMITTee

Co-Chairs: Mr. Paul Tobin, PwC Bulgaria Mr. Milen Raikov, EY Bulgaria

Mission: to promote a modern tax framework based on best international practices, facilitate the correct and transparent implementation of the tax legislative system, and enhance stability and predictability in the tax system to support the positive development and growth of the Bulgarian economy.

Activities in 2013 In 2013 the AmCham Tax Committee organized a series of working meetings to discuss technical topics of interest to the membership. Committee members provided valuable input for the AmCham White Paper 2013 and were instrumental for the preparation of the statements on the excise taxation policy in Bulgaria and the proposed increase of maximum social securities threshold, 2014 Budget Procedure, developed in cooperation with the AmCham HR Committee

October 2, 2013 Discussion on the Upcoming Draft Changes in the Tax Legislation in 2014

The meeting provided a recap of Committee’s main goal, which is to attend to members’ needs and concerns in the area of taxation and financial regulation, engage in cooperation with political and public organizations, and add value to members’ business operations. There was a discussion on the upcoming changes of the Tax-Insurance Procedure Code, the Law on Value Added Tax, the Excise Duties and Tax Warehouses and cash accounting. Committee members decided to develop an official position on the proposed increase of maximum social securities threshold, 2014 Budget Procedure.

November 6, 2013 Individuals’ Tax and Social Security in Cross Border Situations Presented by: Nevena Kovacheva, EY Bulgaria, Head of Human Capital for Bulgaria, Macedonia and Albania

Scope:

- Global mobility policies and trends

- Company policies

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- Employment, directorship, freelancing and other activities

Tax aspects:

- Determination of tax residency based on PITA and OECD Model Tax Treaty

- Taxation of employment income (regular salary and benefits in kind)

- Taxation of director’s fees

- Taxation of other sources of income (dividends, capital gains, interest)

- Obligations for companies and individuals

- Avoidance of double taxation

Social security aspects:

- Within the EU

- Outside the EU

- Deduction of contributions

December 18, 2013 Update on the Upcoming Changes in the Tax Legislation for 2014.

Moderated by: Orlin Hadjiiski, Tax Director, PwC Bulgaria

The meeting presented an overview of the upcoming changes in the Law on Value Added Tax, the Excise Duties and Tax Warehouses Act, the Accountancy Act, the Local Taxes and Fees Act, the Personal Income Tax, the Law on the Corporate Income Tax and the TAX Procedure Code.

Plans for 2014 In 2014 the AmCham Tax Committee will focus on improving the relations with the AmCham members in order to develop an agenda driven by members’ concerns and needs. Another priority will be to enhance the cooperation with the government, provide access for AmCham experts to cross ministerial working groups and participate in stakeholders debates on key sector specific issues and policies.

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huMAn ReSOuRCeS COMMITTee

Co-Chairs: Ms. Dobromira Manasieva, VIVACOM

Ms. Zlatina Kushkieva, Adecco Bulgaria Ltd

Mission: provides a platform for HR professionals and consultants from multi-national and local companies to share, discuss and learn about the latest trends in HR sector as well as to collectively influence local policy and decision makers for effective solutions in labor legislation and education which will improve the Bulgarian labor market.

Activities in 2013 In 2013 the AmCham HR Committee focused on issues relating to labour and social security legislation, employment promotion as a means to improve the investment climate in the country, enhancing the dialogue with the government on key policy issues, business and education synergy and sharing of corporate best practices. The HR Committee provided valuable input for the AmCham White Paper 2013 and was instrumental for the preparation of a series of relevant position papers on the proposed increase of maximum social securities threshold, 2014 Budget Procedure, developed in cooperation with the AmCham Tax Committee, and the Bill for Amending the Labor Code in relation to traineeships. The HR Committee provided an article for ICT Media edition of Computerworld: ICT Employer of the Year 2013 on the IT labor market in Bulgaria, hiring and remuneration trends and recommendations to HR EU funded projects related to reducing the admin burden of employers.

February 22, 2013 Round Table Discussion on the Priorities of AmCham Human Resources Committee for 2013. AmCham White Paper 2013

March 15, 2013 Recent case law in the area of labour and employment law

Presented by:

Tanya Stivasareva, Manager, Ernst & Young Law Partnership

The presentation covered important cases of the Supreme Court in the area of termination of employment, disciplinary dismissal, selection procedure, equal treatment and equal pay, overtime payment, non-compete clause and other related matters.

amcham committees

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May 29, 2013 Best Practices in Training. How to Measure Training Quality and Training Effectiveness for The Purpose of Organizational Goals Achievement Presented by:

Darina Zlatarska, Training Manager, Intertek Ventsislava Kyuleva, HR Manager, Titan Zlatna Panega Cement

The meeting was organized jointly with the AmCham Quality Management Working Group and showcased different approaches to training activities, ways to the improve the effectiveness of corporate trainings, training needs analysis, how to manage knowledge in the organization and to measure the results of the training activities.

October 11, 2013 Meeting to discuss AmCham Position Paper on the Proposed Increase of Maximum Social Securities Threshold, 2014 Budget Procedure

October 22, 2013 Sharing of Company Practices in Employee Engagement

Presented by: Blagovesta Karemova, HR Manager, Danone Bulgaria Lyubomir Terziev, HR and Administrative Director, Electrostart AD Katerina Shopova, HR Director, British American Tobacco Bulgaria Natalia Georgieva, HR Manager, Blizoo Media and Broadband EAD Gergana Gancheva, Project Leader „Best Employers Study“, AON Bulgaria

The meeting provided a platform for sharing of best practices in relation to employee engagement, constructive management changes for continuous employee development, and global and European engagement trends and strategies for taking engagement results in action.

November 7, 2013 Round Table on the Bill for amending the Labour code in relation to trainEESHIPS

Plans for 2014 In 2014 the AmCham HR Committee will keep its efforts to improve and modernize the labor legislation in Bulgaria. Special emphasis will be put on internships, pensioning, youth employment, electronic CPS registrations and reducing the administrative burden. The HR Committee will continue the active dialogue with the government on current sector specific issues and policies and will give floor to members to exchange knowledge and share best practices in the field of HR.

amcham committees

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cORpORATe SOCIAl ReSpOnSIbIlITY COMMITTee

Co-Chairs: Ms. Elitza Barakova, Bulgarian Charities Aid Foundation (BCAF)

Mission: The mission of CSR Committee is to encourage and facilitate responsible business practices among AmCham members and support them to improve the quality and effectiveness of their CSR programs and actions.

The Committee will work to increase awareness on CSR issues and support companies’ leadership and staff through spreading information, ensuring learning and access to novel-ties, and generally creating a platform for sharing best practices in achieving CSR goals. 

The Committee will focus mainly on social investment and community outreach activities and will cooperate with other committees such as Public Affairs and Human Resources in other aspects of CSR as corporate governance, employee health and safety, etc..

Activities in 2013 In 2013 the activities of the CSR Committee included individual meetings with AmCham members aiming to improve their relations with communities, the spring and fall Volunteer Days and joint fundraising during the AmCham Independence Day Party and the Thanksgiving Community Dinner, which brought about BGN 77 000 in support of priority causes.

AmCham-BCAF Spring & Fall Volunteer Days 2013

In May 2013 AmCham and BCAF organized the 11th traditional Volunteer Day and gathered over 600 participants from 16 com-panies in the cities of Sofia, Varna, Pleven, Sliven and Stara Zagora. The volunteers cleaned-up archeological sites and monu-ments, planted trees in city parks and helped in day-care centers for disadvantaged people and elderly people. Special guest to the official opening was the U.S. Commercial Attaché Barbara Lapini. The spring campaign was supported by American Research Center-Sofia, Association for Development of Sofia and Municipal Cultural Institute, and was to the benefit of Sofia’s candidacy for European Capital City of Culture 2019.

The fall AmCham-BCAF Volunteer Day took place in October 2013. About 250 volunteers teamed up for 13 projects taking place simultaneously in the cities of Sofia, Pleven and Stara Zagora. The campaign promoted cleaning and improvement of the facilities of cultural, social and health institutions, planting, weeding and painting activities in natural parks, handwork in creative workshops and help at animal rescue centers.

amcham committees

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As part of the fall volunteer campaign, the initiative “Professionals at School” took place on October 14-25, 2013 in over 23 schools in Sofia, Varna, Burgas, Svishtov, Stara Zagora, Russe, Plovdiv, Blagoevgrad, Lukovit and Teteven. Managers and experts of leading business organizations in the country met with high schoolers dur-ing their classes to tell inspirational and insightful stories about their professions, carrier development and professional success, answer questions and give practical advice. The initiative “Professionals at School” was supported by the Association “Professional Forum for Education” and the Regional Inspectorate of Education in Sofia.

During both volunteer campaigns our media partners were: BNT, Econ, Darik Radio, etc.

Charity Fundraising & Donations

AmCham charity fundraising initiatives continued throughout the whole year 2013. The funds were allocated to Chamber’s priority CSR projects and initiatives. In addition AmCham made several donations for external charity causes approved by the Board of Directors.

AmCham Thanksgiving Dinner

At the Thanksgiving Dinner and the Independence Day Party we raised 77, 000 BGN for such projects as: “Get Ready for Success” which is promoted by the Bulgarian Charities Aid Foundation. The project provides scholarships for school and university students without parents and the “Start-Ups” fund supporting small proj-ects for social integration of vulnerable youth.

• AmCham donated BGN 10 000 for the Bulgarian Christmas charity initiative, held under the auspices of President Rosen Plevneliev. The Bulgarian Christmas charity cam-paign 2013/2014 is dedicated to providing district and university hospitals with equipment for early diagnosis and treatment of children with visual and hearing impairments.

• The American Chamber of Commerce in Bulgaria donated BGN 6 000 to “For Our Children Foundation” in support of Syrian children refugees.

Plans for 2014 In 2014 the activities of the CSR Committee will be focused on employees’ community engagement, provision of sustainable solutions to create real employment opportunities, organization of working meetings on relevant for the Committee topics and knowledge and best practices’ exchange.

amcham committees

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PublIC pROCuReMenT And eu FundIng AdvISORY COMMITTee

Co-Chairs: David Hampson, AmCham Individual Member Zlatina Ruseva-Savova, “Ruseva-Savova Law Office” and Co-Chair of the AmCham Public Procurement and EU Funding Advisory Committee

Mission: to promote a transparent and modern public procurement framework based on best European and other international practices, to facilitate the correct and transparent implementation of the Bulgarian public procurement law and any legislation relevant to public private partnership, and to enhance stability and predictability of the public procurement tender award procedures in order to support the positive absorption of European Union funding in the country. 

Activities in 2013 In 2013 the the Public Procurement and EU Funding Advisory Committee focused on key policy and legislative issues; updated the membership on the opportunities of the next

EU funding cycle; discussing with the membership sector specific issues; developed member based position papers and field related policy recom-mendations; enhanced the dialogue and cooperation with the government. The Committee provided substantial support for a number of landmark events and initiatives of the Chamber, including the AmCham White Paper 2013, analysis on the public procurement in Bulgaria, requested by the U.S. Chamber of Commerce, in relation to TTIP, the Regional Conference: Transparency in Government Procurement, and position paper on the Bill for amendments of the Public Procurement Act (the Bill). The Committee attended sittings of the leading parliamentary committees in relation to the Bill.

February 20, 2013 Working Meeting with the leaders of the Working Groups of the AmCham Public Procurement and EU Funding Advisory Committee to discuss the agenda and task plan for 2013 for each Working Group of the Committee.

February 27, 2013 Round Table to discuss the input provided by the members of the Public Procurement and EU Funding Advisory Committee in relation to the AmCham White Paper 2013.

September 23, 2013 Working Meeting to discuss the draft amendments to the Public Procurement Act (PPA) to be discussed by the Bulgarian Parliament with a view to preparing an official opinion on the draft amendments to the PPA.

November 28, 2013 Round Table to discuss key R&D issues outlined in the DIGITALEUROPE Statement of Principles of the European ICT Industry on collaboration in H2020-funded projects of November 6th, 2013. The meeting provided update on the new Operational Programs for the 2014-2020 Program Period, including membership interest and grant opportunities under the upcoming Operational Programs.

Presented by: Maria Yaneva, Business Development Associate Director, EY Bulgaria Zlatina Ruseva-Savova, Co-Chair of the Public Procurement and EU Funding Advisory Committee David Hampson, Co-Chair of the Public Procurement and EU Funding Advisory Committee

Plans for 2014 In 2014 the Public Procurement and EU Funding Advisory Committee will continue monitoring ongoing legislative initiatives.The scope of work of the Committee will also include the new Operational Programs for the 2014-2020 Program Period, EU funding monitoring, TTIP negotiations, developing member-based case studies in the area of public procure-ment and cooperation with fellow bilateral chambers.

amcham committees

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QuAlITY MAnAgeMenT wORKIng gROup

Chair: Ms. Vyara Stankova, Deputy General Manager, South Eastern Europe at Intertek

Mission: To foster the importance of quality control and standards for better products and successful business; to be the meeting point of all those members of AmCham interested in quality management systems allowing them to share quality management practices among themselves, create benchmarks and start quality initiatives.

Activities in 2013 In 2013 the activities of the Quality Management Working Group were focused on sharing of experience and good practices between AmCham members related to business and quality management. The Committee organized a series of meetings and collaborated with fellow AmCham committees to discuss issues relating to global risks – economic, environmental, geopolitical, societal and technological. Member companies shared experience in relation to strengthening of risk resilience to the benefit of global society and enhancing the collaboration with the government for addressing complex risks.

January 16, 2013 CSR Standards and Social Audits

Presented by: Boyan Gyuzelev, Business Development Manager SEE, Intertek Galya Tsonkova, Sustainability Manager, Coca-Cola HBC Bulgaria AD Elitsa Barakova, Executive Director, Bulgarian Charities Aid Foundation (BCAF) Marina Stefanova, Executive Director, Global Compact Network Bulgaria Georgi Ruitchev, Executive Director, Bulgarian Business Leaders Forum

The meeting was organized jointly with the AmCham CSR Committee and provided a platform for companies to share knowledge and best practices in relation to the different quality measuring tools and show how they enable companies to register progress and measure the effects of companies’ socially responsible activities.

March 27, 2013 Energy Management Standards and Energy Efficiency Approaches

Presented by: Vyara Stankova, Deputy General Manager SEE, Intertek Tsvetan Nikolov, Technical Director, Aurubis Bulgaria AD

At the meeting was presented the standard ISO 50001 Energy Management and the Energy Management System of Aurubis Bulgaria AD.

amcham committees

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May 29, 2013 Best Practices in Training. How to Measure Training Quality and Training Effectiveness for the Purpose of Organizational Goals Achievement

Presented by: Darina Zlatarska, Training Manager, Intertek Ventsislava Kyuleva, HR Manager, Titan Zlatna Panega Cement

The meeting was organized jointly with the AmCham HR Committee and presented different approaches to training activities, ways to improve the effectiveness of corporate trainings, training needs analysis, managing in the organization and measuring the results of the training activities.

October 30, 2013 Total Risk Management

Presented by: Nikolay Yordanov, Leader of Intertek Center of Excellence for Risk Management and IT Security Peter Lithgow, Country Manager, AES Corporation Nikolay Minkov, Executive Director, Srednogorie Med Industrial Cluster

At the meeting were discussed topics relating to strategic business conti-nuity management and pro-active total risk management as a means to improve company’s market development in a challenging environment of global economic, geopolitical, environmental, societal and technological changes.

Plans for 2014 In 2014 the Quality Management Working Group will continue encouraging members to share experience and good practices in the area of business and quality management. The scope of interest of the Committee will include new aspects of risk, safety and business continuity management in the dynamic global environment; integrated approach to manage-ment – quality, environmental, health and safety, information security, social accountability, business continuity, etc.; providing information to AmCham members regarding the inter-nationally recognized systematic approach to management; provision of competent lectur-ers on topics related to business management and organization of discussions about good management practices; and assistance to AmCham members in developing competences for optimization of management processes.

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EneRgY & MIneRAl ReSOuRCeS COMMITTee

Activities in 2013

October 21, 2013 Launch of The Energy & Mineral Resources Committee

The Energy & Mineral Resources Committee was establishment in response to the identified need at AmCham level to address and provide representation on significant problems in the energy and mineral resources sector which have negative impact not only on companies operating in the sector but also on the business as a whole. The newly founded Committee will monitor sector specific legislative changes and the development of the new National Energy Strategy.

November 21, 2013 AmCham Position Paper: Improving the Financial Health of the Bulgarian Energy System – Status and Following Actions. New Model for the Liberalized Energy Market.

Speakers: Aneliya Erdly, Country Manager, AES Solar Bulgaria Svetoslav Dimitrov, Partner, Penkov, Markov & Partners Nickolay Kiskinov, Senior Associate, Penkov, Markov & Partners

As a result of the collective efforts of the AmCham Energy and Mineral Resources Committee, on December 2, 2013, AmCham Bulgaria submitted to the Council of Ministers and the Ministry of Economy and Energy a position paper on the state of the Bulgarian electric system including proposals and concrete measures for improvement of its financial health. The AmCham position was supported and co-signed by Confindustria Bulgaria and says that any reforms in the energy sector have to be based on the fundamental principles of transparency, predictability, and sustainability, as well as consultation with all interested parties.

December 10, 2013 Recent Legislative Amendments to the Energy Act and the Energy from Renewable Sources Act

During the meeting were discussed the voted amendments of the RES Law, including historical background and motives, cumulative financial impact for solar/wind, stakeholders reactions and following actions.

Committee Members developed key messages to be discussed with the Minister of Energy and Economy Dragomir Stoynev at the AmCham Business Brunch on December 14th, 2013.

amcham committees

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AMChAM whITe pApeR On eCOnOMIC gROwTh And jOb CReATIOnApRIl 2013

This White Paper provides the basic principles AmCham believes will help to stimulate economic growth and increase competitiveness of the Bulgarian economy. Core chal-lenges facing the next Government are slow economic growth and low productivity (inefficiency), which are both negatively impacted by an aging and shrinking work force. These challenges are not unique to Bulgaria. However, Bulgaria needs to do more and do it urgently to address these problems in order to ensure a stable and satisfactory quality of life for the current and next generation. Perhaps, most important, Government action is needed to ensure business about the intention to maintain a welcoming and stable political, economic and regulatory environment.

Given the above, AmCham identified core recommendations as follows:

1. Maintain financial stability;

2. Focus on economic growth and introduce measures to stimulate domestic and foreign investment;

3. Use tax policies to stimulate job creation;

4. Ensure legislative and regulatory transparency and predictability;

5. Stimulate education, entrepreneurship and innovation;

6. Ensure absorption of EU funds and international cooperation;

7. Encourage expanded lending by the banking sector;

1. Maintaining financial stability/improved fiscal process:

The Currency Board arrangement is a key component of investor confidence and should be maintained and supported by appropriate fiscal and monetary policies, such as maintaining mandated levels of fiscal and monetary reserves.

Continue negotiations with the EU with expectation that Bulgaria will eventually enter the Euro currency zone.

Seek efficient use of available budget resources to stimulate growth and job cre-ation, and support highly vulnerable population.

Increase transparency of fiscal processes. Aim for 100% e-government in fiscal transactions.

Accelerate VAT refund process to improve liquidity for businesses.

2. Focus on economic growth / introduction of measures to stimulate domestic and foreign investment:

Reform and support a functioning one-stop-shop service at InvestBulgaria Agency:

Designate InvestBG Agency as a cabinet level Agency.

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InvestBG Agency should be ombudsman to ensure Government meets legal and regulatory obligations to business.

Centralise in InvestBG Agency incentive programmes which allow better utilization of available Government and EU programmes.

Provide targeted incentives to promote investment.

Incentives should be linked to regional, environmental or labor force objectives.

Government should establish long-term targets for minimum job creation.

Incentives used also for purchases of machinery and equipment to stimulate entrance of investors in labor-intensive industry.

Incentives also could target R&D and hi-tech industries through, for example, tax deduction or accelerated depreciation of R&D and training costs.

Ensure sufficient infrastructure around industrial parks and economic zones.

Complete digitalization of the real estate and cadaster registries and create cadastral maps for the whole country.

Accelerate development and implementation of e-government and related services.

3. Using tax policies and procedures to stimulate job creation:

Enhance capacity of the “Large Investor Taxpayer Unit” with specialized and trained staff to oversee tax affairs for investments above a certain limit.

Retention of flat 10% tax on income of individuals and corporations.

Implement a procedure allowing taxpayers to obtain binding rulings from revenue authorities.

Support voluntary disclosure of unintentional errors on previously submitted tax returns.

Extend the time limits for filing appeals.

4. Legislative and Regulatory Transparency and Predictability:

Enforce the Law on Regulatory Impact Assessment.

Endeavor to avoid negative impacts of new laws on business.

Introduce minimum statutory period after introducing amendments to laws before they become effective.

Ensure conformity of public procurement processes.

Ensure a strict schedule and transparency in the process of awarding procurements and utilizing EU funds, including to prevent setting restrictive terms and conditions.

Consider mandatory training by EU and other experts for individuals involved in pro-curement procedures.

Speed up implementation of secure electronic public procurement.

5. Supporting Education, Entrepreneurship and Innovation:

Bulgaria’s economic growth depends on ability to support entrepreneurs and disseminate knowledge and skills needed to create innovative companies.

Support businesses working with educational institutions, for example by incentiv-izing internships by students in practical business situations.

Work with businesses and business chambers to introduce educational programs/curricula that serve business expectations.

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Create a Government-Business Independent Agency to promote and assist entrepre-neurs and start-ups.

Increase salaries of teachers to above average in public sector.

Finance educational institutions based on:

success of students to pass internationally recognized tests

success in career placement of students in their area of study

Expand foreign language and computer training in both high school and university curricula.

Promote CSR initiatives that encourage and assist entrepreneurships and start-ups.

6. Increasing absorption of EU funds and International Cooperation:

Although the pace of absorption of EU funds has increased, Government can cooperate more fully with international organizations:

Consider fiscal advice and support from IMF and World Bank as has been done by other EU countries during the crisis, such as Poland.

Utilize World Bank, EBRD and EIB for key infrastructure, including:

Strategic support for key state owned companies which require significant restructuring.

Ensure leveraging of grant assistance. EU funds, and other sources, should be tied to key reforms and co-financing from the private sector.

Utilise public private partnership to develop successful infrastructure.

Develop and implement a single national plan for promoting energy efficiency invest-ments linked to available grant programmes.

7. Encouraging expanded lending by the banking sector:

Involve commercial banks in co-financing mechanisms to improve absorption of EU funds.

Consider creating incentives for lending to key sectors of the economy.

Establish a centralized credit bureau to help reduce the credit risk.

Expand use of secure electronic mechanisms to ease financial transactions.

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33MEMBErShIP 2013

AMChAM pOSITIOn pApeRS And RepORTS2013

aMChAM RepORT On publIC pROCuReMenT pRAISed In The u.S.

In 2013 AmCham Bulgaria submitted a report on public procurement in Bulgaria to Peter Chase, Vice President, Europe, U.S. Chamber of Commerce. The report that focused on issues faced by U.S. companies while bidding in Bulgaria was developed by Zlatina Ruseva-Savova, LL.M., MBA and David H. Hampson Ph. D, Co-Chairs of the AmCham Bulgaria, Public Procurement & EU Funding Advisory Committee.

The document is intended to assist the US Government institutions in the negotiations on the Transatlantic Trade and Investment Partnership (TTIP) between US and EU. The report was highly acknowledged by the U.S. Chamber of Commerce, the U.S. Trade Representative (USTR) office and the U.S. Department of Commerce.

According to the report, the public procurement market in Bulgaria needs to be further liberalized in order to become more open both to U.S. companies who are already pres-ent on the market and to potential U.S. exporting firms.

The Public Procurement law needs to fully implement the latest EU directives on public procurement contracts. Electronic procurement is highly desirable to be introduced in the fastest possible way.

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34 amcham Position Papers

POSITIOn pApeRS

In 2013 AmCham Bulgaria produced a series of position papers on relevant legislative and policy issues with impact on different sectors of the economy. The positions were a product of the collective efforts of the AmCham Committees and members and received support by fellow bilateral chambers.

leTTeR RegARdIng pROpOSed AMendMenTS TO The SpATIAl plAnnIng ACT (ZuT)

On January 15, 2013, AmCham Bulgaria submitted a letter to the ministers Lilyana Pavlova, regional development and public works, Nona Karadjova, environment and water, Miroslav Naydenov, agriculture and food, and Delyan Dobrev, minister of economy, energy and tourism, in relation to the proposed amendments to the Spatial Planning Act (ZUT) proposed by the Ministry of Regional Development and Public works. AmCham is of the opinion that some of the proposed amendments can create undue bureaucratic hindrances for the development of economic activities and the execution of important investment projects, and appeals for a wide public discussion engaging all stakeholders.

pOSITIOn On The exCISe TAxATIOn pOlICY In bulgARIA

On September 23, 2013, AmCham Bulgaria submitted an opinion on the Bill for amend-ments of the Excise Duties and Tax Warehouses Act including the following recommen-dations for improvement of the current taxation framework:

development of a clear, well-planned, and long-term excise taxation policy which will ensure predictable and stable market environment;

introduction of specific tax calendar into the Bill which will outline forthcoming excise changes up to year 2018 thus allowing better predictability and forecasting of mid- and long-term budget revenues for the upcoming five years;

pOSITIOn On The bIll FOR AMendMenTS OF The publIC pROCuReMenT ACT

On October 3, 2013 AmCham Bulgaria submitted to the Parliament a position paper on the Bill for amendments of the Public Procurement Act (the Bill). While the Chamber recognizes the positive aspects of the Bill, it also draws attention and proposes solu-tions to the most significant and common problems encountered by business represen-tatives from different sectors in the bidding and implementation of public procurement in the country.

pOSITIOn On The pROpOSed InCReASe OF MAxIMuM SOCIAl SeCuRITIeS ThReShOld, 2014 budgeT pROCeduRe

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35amcham Position Papers

On October 29, 2013, AmCham, together with the British-Bulgarian Chamber of Commerce (BBCC) submitted a position on the proposed increase of maximum social securities threshold from BGN 2 200 to 2 400. In the position, AmCham and BBCC express their concern about the negative trend of constant threshold’s increases and its repercussions, and outline several strong arguments against the proposal for a new increase of the maximum threshold within the 2014 Budget procedure. Among those are the negative impacts of the increase on investments, important economy sectors with high-added value as IT, outsourcing, financing, and consultancy, as well as negative effects on youth employment and the economy as a whole.

pROpOSAlS FOR IMpROveMenT OF The FInAnCIAl heAlTh OF The bulgARIAn eleCTRIC SYSTeM

On December 2, 2013, AmCham Bulgaria submitted to the Council of Ministers and the Ministry of Economy and Energy a position paper on the state of the Bulgarian elec-tric system including proposals and concrete measures for improvement of its financial health.

AmCham Bulgaria is of the opinion that any reforms in the energy sector have to be based on the fundamental principles of transparency, predictability, and sustainability, as well as consultation with all interested parties. The AmCham position was supported and co-signed by Confindustria Bulgaria.

pOSITIOn On The bIllS FOR AMendMenTS TO The lAbOR COde In RelATIOn TO TRAIneeShIpS

On December 13, 2013, AmCham Bulgaria submitted to the Bulgarian National Council for Tripartite Cooperation, the Ministry of Labor and Social Policy and the related par-liamentary committees a position on the Bills for amendments to the Labor Code in relation to traineeships.

The position has been developed by the AmCham Human Resources Committee and calls for more flexible regulations for the traineeships, which minimize the predicaments for the employers when hiring young people as trainees, and correspond to the needs of the trainees. The proposed changes aim at reducing the gap between the education and business, stimulating youth employment and increasing the competitiveness of young professionals on the labor market.

Page 38: AmCham Annual Report 2013 - AmCham Bulgaria · of the Foundation “For Our Children” to help refugee children from Syrian. The Chamber donated 6 000 BGN for needs of children in

36 Our speakers

AMChAM bulgARIA:

OuR SpeAKeRS

Zinaida Zlatanova, Deputy Prime Minister and Minister of Justice

Dragomir Stoynev, Minister of Economy and Energy

Marcie B. Ries, U.S. Ambassador to Bulgaria

Matthias Höpfner, Ambassador of the Federal Republic of Germany

Iskra Mihaylova, Minister of Environment & Water

Ivan Danov, Minister of Investment Planning

Rossen Plevneliev, President of the Republic of Bulgaria

Daniela Bobeva-Filipova, Deputy Prime Minister for Economic Development

Page 39: AmCham Annual Report 2013 - AmCham Bulgaria · of the Foundation “For Our Children” to help refugee children from Syrian. The Chamber donated 6 000 BGN for needs of children in

37Our speakers

Claes Bengtsson, Member of Cabinet of Trade Commissioner Karel De Gucht, Directorate-General for Trade, European Commission

Joseph Quinlan, Managing Director & Chief Market Strategist, U.S. Trust, Bank of America

Miglena Pavlova, Executive Director, Bulgarian Public Procurement Agency

Carsten Sorensen, Policy Officer, Trade Relations with North America, Directorate-General for Trade, European Commission

Hendrik Bourgeois, President of AmCham to the European Union and Vice-president of General Electric Corporation

Elena Bryan, Senior Trade Representative, U.S. Mission to the European Union

Tomislav Donchev, MP, National Assembly of Republic of Bulgaria

Krasin Dimitrov, Deputy Minister, Ministry of Economy and Energy

Dan Nica, Minister of Information Society, Romania

Boyko Borissov, Former Prime Minister of the Republic of Bulgaria

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38

Deborah Campbell, Consul General, U.S. Embassy

Daniel Berg, Director, Bulgaria, European Bank for Reconstruction and Development and Vice President of AmCham Bulgaria

Rüdiger Höben-Störmer, President, German-Bulgarian Chamber of Commerce and Industry

Peter Lithgow, Country Manager of AES Corporation and President of AmCham Bulgaria

Isabelle Maelcamp, U.S. Mission to the European Union

Adam Boltik, International Trade Specialist, Trade Compliance Center

Dan Hylton, U.S. Department of Commerce/Office of General Counsel

Our speakers

Garrett Workman, Associate Director, Global Business and Economics, Atlantic Council, Washington DC

Susan Danger Managing Director, AmCham to the European Union

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39

Emily Wolman, Associate Publisher of Lonely Planet Americas.

Evgeniy Ivanov, Executive Director, Confederation of Employers and Industrialists in Bulgaria

Evangelos Lytras, Deputy Chairman, Hellenic Business Council in Bulgaria

David Butts, Managing Partner, Sofia, CMS Cameron McKenna and AmCham Member of the Board

Krassimira Chemishanska, General Manager, Amgen Bulgaria and AmCham Member of the Board

Zlatina Ruseva-Savova, Co-Chair of the AmCham Public Procurement and EU Funding Advisory Committee

Milen Raikov, Executive Director – Tax, EY Bulgaria and Co-chair of AmCham Tax Committee

Liam Benham, Vice President, Governmental Programs, Europe, IBM

Alex Nestor, AmCham Member of the Board

Our speakers

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40 Our speakers

Vera Markova, Chief Expert, Programming of EU Funds Directorate, Council of Ministers

Marija Filipovska, K&N Macedonia

Ligia Popescu, Partner, Wolf Theiss Romania

Zoya Paunova, Country Director, AstraZeneca Bulgaria

Atanas Bangachev, Partner, Head of Corporate, CMS Cameron McKenna Bulgaria

David Arkless, Former President of Corporate and Government Affairs of Manpower Group

Petar Ivanov, General Manager, Microsoft Bulgaria

George Randelov, Public Sector Lead CEEurope, Microsoft

Maria Yaneva, Business Development Public Sector Director, EY Bulgaria

Page 43: AmCham Annual Report 2013 - AmCham Bulgaria · of the Foundation “For Our Children” to help refugee children from Syrian. The Chamber donated 6 000 BGN for needs of children in

41Our speakers

Malina Krumova, Director of Directorate

“Cohesion Policy for Environment”, Ministry of Environment and Water

Metodi Baykushev, Partner, Dimitrov, Petrov & Co. Law Firm

Rumiana Boseva, Country Manager, Aon Bulgaria

Joep Vercauteren, Commercial Director, Aon Risk Solutions Central and Eastern Europe

Magdalena Kustra, Senior Managing Consultant, Aon Hewitt Poland

Beatrice Daniela Nanis, Public Procurement Officer, Ministry of European Funds, Romania

Laurentiu Dinu, Partner, EU Advisors & AmCham Romania EU Structural Funds Committee

Irena Parvanova, Director of Directorate – Technical Assistance Operational Program, Council of Ministers

Krasimir Simonski, Executive Director, Electronic Communication Networks and Information Systems, Ministry of Transportation, Information Technologies and Communications

Lucian Dan Vladescu, National Authority for Regulating and Monitoring of Public Procurement, Romania

Georgi Ganev, Programme Director, Economic Research, Center for Liberal Strategies

Monica Dimitrova - Beecher, Head of Managing Authority of Operational Programme

“Administrative Capacity”, Ministry of Finance

aS well AS:

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42 International cooperation

InTeRnATIOnAl COOpeRATIOn

Financial Times Investing in Bulgaria Events in the US February 19-26, 2013

AmCham Bulgaria participated in series of events organized by InvestBulgaria Agency in the U.S. in Chicago, New York City, San Jose as well as in Tokyo and Hong Kong. The events aimed at promoting Bulgaria as an investment destination.

Annual Brussels Briefing of AmChams in Europe March 20-22, 2013 Brussels, Belgium

AmCham executive directors from all over Europe gathered in Brussels for their annual briefing to share best practices in creating a suitable climate for the American investment in Europe and define the top priori-ties for business in Europe for 2013. Digital Agenda Priorities, Investment in Healthcare, Transportation and Energy Efficiency Directive by Member States were main topics for discussion during the briefing. Networking meetings took place at the European Parliament with MEPs, national Permanent Representatives, US Mission to the EU personnel and AmCham EU members. The Transatlantic Conference within the Policy briefing took place and focused on the trade, jobs and investment data between the EU and US, as well as on TTIP perspective.

Page 45: AmCham Annual Report 2013 - AmCham Bulgaria · of the Foundation “For Our Children” to help refugee children from Syrian. The Chamber donated 6 000 BGN for needs of children in

43International cooperation

Pomorie US Commercial Service Regional Water Trade Mission - Bulgaria, Romania, Moldova April 16-17, 2013

Innovative technologies for water/ waste water in residential, commercial and industrial projects were at focus during a water trade mission and conference in Pomorie. Ten leading U.S. companies applying environ-mentally friendly technologies took part in the trade mission. The event instigated the interest of more than 170 reps of Bulgarian, Romanian and Moldovan water and waste water companies, local partners, representa-tives of the national and local government, private sector companies in need of water/waste water technologies.

Transatlantic Conference in Washington DC and New York June 2-7, 2013

Over 30 participants representing 28 AmChams from across Europe and wider Europe have participated in the annual AmChams in Europe Transatlantic Conference. It was the first time, ACE delegates have trav-elled to both Washington, DC and New York to meet with a number of high level political officials and economic stakeholders. The Transatlantic Trade and Investment Partnership (TTIP) was another prominent topic of discussion and provided the focal point for the roundtable event co-organised with the United States Council of International Business (USCIB) in New York on ‘EU-US Trade & Investment Partnership Negotiations: What’s at Stake for Business?’.

“Transparency in Government Procurement” Conference with US Embassy June 20, 2013

Transparency, lifting of the restricting procedures and launch of online tenders in public procurement in Bulgaria were the main recommenda-tions of the AmCham business and diplomatic community. The forum was organized by AmCham Bulgaria, U.S. Commercial Service in Bulgaria with the support of Bulgaria’s Public Procurement Agency. Officials, law-yers, and business reps from Bulgaria, Romania, Macedonia, and USA shared views and experience on the public procurement.

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44

AmChams in Europe Summer Training in Slovenia August 21-23, 2013

AmCham Slovenia invited a dozen of AmChams to the naturally beautiful Bled resort to host the annual summer training meeting in August 2013 where the chambers shared best practices within the chambers’ network. AmChams of Austria, Bulgaria, Czech Republic, Hungary, Macedonia, Montenegro, Poland, Serbia, and Slovakia gathered to elaborate on best events organized by each AmCham in 2012, how to provide more ser-vices to their members, ways to retain members, modern communication tools and AmCham regional cooperation. The chambers tried to identify positive experiences and challenges in their every day work.

AmChams in Europe European Best Practices Conference Finland & Estonia 18-20 September 2013

AmCham executive directors from all over Europe gathered to share best practices and to meet with representatives of US embassy to develop closer partnerships, especially to drive the transatlantic partnership. Other topics for discussion were engaging the local start up community and universities in order to drive innovation and bridging the talent gap – the European dilemma.

International cooperation

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45Financial report 2013

FInAnCIAl RepORT 2013budgeT 2014

COMpARATIve AnAlYSIS budgeT 2013-2014

Total Budget 2013

Total Actual 2013

Total Budget 2014

INCOME

Mem. Fees Current members 533,000 517,486 560,000

Mem. Fees – New members 23,000 40,616 23,000

Events 450,000 342,875 350,000

AmCham Publications 100,000 94,431 100,000

TOTAL BGN: 1,106,000 995,408 1,033,000

EXPENSES

Events 420,000 295,677 300,000

AmCham Publications 100,000 99,491 100,000

Salaries and Bonuses 342,000 327,302 395,000

Other administrative costs 230,000 251,709 223,000

TOTAL BGN: 1,092,000 974,179 1,018,000

SURPLUS (DEFICIT) 14,000 21,229 15,000

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46 Bulgaria Publications in 2013

AMChAM bulgARIA

publICATIOnS In 2013

Investors’ Brochure “United States and Bulgaria: Building Bridges through Business” 2013 – a guide for the “Investing in Bulgaria” Events that took place in February in the US.

Brochure TTIP Agreement: Bulgaria’s Perspective that was distrib-uted during the Forum on The Transatlantic Economic Cooperation for Competitiveness and Growth held on October 24th 2013.

5 issues of “Visit Europe” guide bi-monthly – online tourist guide of AmCham-s Central and Eastern Europe. AmCham Bulgaria members put forward services and events to the regional AmCham members through the AmCham network.

10 issues of AmCham Bulgaria Magazine Monthly

The official monthly publication of the American Chamber is a primary forum for political and economic analyses, highlighting of business oppor-tunities and AmCham-related news. Every month 2,000 copies reach AmCham members, leading Bulgaria companies, business centers, interna-tional hotel chains, the U.S. Embassy and the other diplomatic missions as well as the AmCham international network.

AmCham Bulgaria Yearbook

The AmCham Yearbook is up-to-date and sophisticated business guide. It is a valuable reference guide for both current members and potential members with an active interest in the Bulgarian market.

AmCham Daily News

Every morning AmCham members receive a summary of the local news highlighting recent developments in the world of business, politics and international relations.

AmCham Bulgaria Website

On www.amcham.bg you can find detailed information about the American Chamber of Commerce – activities, list of members, upcoming events and announcements, reports, Chamber’s committees, media cover-age and archive of past events.

Annual AmCham Bulgaria Report 2012

AmCham annual report is an assessment of the Chamber’s activities, lob-bying, regional cooperation, finances and publications.

Page 49: AmCham Annual Report 2013 - AmCham Bulgaria · of the Foundation “For Our Children” to help refugee children from Syrian. The Chamber donated 6 000 BGN for needs of children in

47In the Media in 2013

AMChAM bulgARIA

In The MedIA In 2013

In 2013 the events, activities and ini-tiatives of AmCham Bulgaria were cov-ered and quoted over 300 times with thousands of views per page in the Bulgarian TV stations, press, Internet media, and radio. AmCham gave many interviews for the Bulgarian media.

In particular wide scale media inter-est was drawn on several occasions:

1. Business Luncheon with Boyko Borissov, then-Prime Minister of the Republic of Bulgaria, January 29th, 2013

2. Conference “Transatlantic Economic Cooperation for Competitiveness and Growth. TTIP Agreement: Bulgaria’s Perspective”, Oct. 24, 2013

3. Thanksgiving Charity Dinner, Nov. 25th, 2013

4. AmCham Business Brunch with Dragomir Stoynev, Minister of Economy and Energy, December 14th, 2013

5. Spring and Autumn Volunteer Days

Media reports appeared in:

TV channels: BNT, bTV, Nova TV, Evropa TV, TV 7, TV+; Economy.bg TV, Bulgaria on Air TV

Radio&Internet media: Bulgarian National Radio, Darik Radio; Radio Focus; Econ.bg, BGNES, BTA; Novinite.com; Dnevnik online, The Sofia Globe, Dir.bg, Actualno.com;

Press: Capital Daily and Weekly, Klasa, Sega Daily, Pressa, Bulgaria Today, Politika, Trud, 24 Chasa, Monitor, Standard Daily, Telegraph, Stroitel Newsp., Gradat Media Group, b2b Magazine, Economy Magazine, ICT magazine

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48 In the Media in 2012

Bulgaria's Min: Public Procurement Must Not Be Awarded to Same Few Cos - Novinite.com - Sofia News Agency

http://www.novinite.com/view_news.php?id=151407[09/01/2014 4:37:43 PM]

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Bulgaria's Min: Public Procurement Must Not Be Awardedto Same Few CosBusiness | June 20, 2013, Thursday // 13:46 | Views: 1269 | Comments: 2

Dragormir Stoynev, Minister of Economy and Energy, has argued that it is not normal for an EUMember State to have public procurement deals in a certain sector won by a circle ofcompanies.

Speaking during a regional conference on transparency in government procurement organizedby the US Embassy in Bulgaria, Stoynev emphasized that it was essential to eliminatecorruption in the sphere as public procurement was a major means of accessing financialresources in times of economic crisis.

Stoynev, as cited by the BGNES news agency, suggested that there was a problem withOperational Program "Competitiveness" which was being frowned upon by Bulgarianbusinesses despite the fact that it was well-made, sounded good, and was very likely to be

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Stoynev participated Thursday in a regional conference on transparency in governmentprocurement organized by the US Embassy in Bulgaria. Photo by BGNES

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Драгомир Стойнев: Няма по-модерна защитна технология от тази на Уестингхаус

14 декември 2013 15:38 | Вили Янкова

© Sofia Photo Agency

Министърът на икономиката, енергетиката и туризма Драгомир Стойнев се срещна с представители на Американската търговска камара. Той изрази надежда добрите политически взаимоотношения между България и САЩ да се превърнат в база за активно икономическо сътрудничество.

На срещата министър Стойнев обясни мотивите за избора на технологията на американската компания „Уестингхаус" за изграждане на 7-ми блок на АЕЦ „Козлодуй" без търг: „Ако има търг за технология, това означава, че се обрича следващото поколение български граждани с дългосрочен договор. Аз не искам да има дългосрочен договор. Търг за технология означава, че НЕК ще изкупува през следващите 60 плюс 20 години удължаване живота на този реактор - 80 години, произведената електроенергия".

Министърът отново подчерта, че ще има търг за строителството. Драгомир Стойнев за пореден път заяви, че няма по-модерна защитна технология от тази на

Page 51: AmCham Annual Report 2013 - AmCham Bulgaria · of the Foundation “For Our Children” to help refugee children from Syrian. The Chamber donated 6 000 BGN for needs of children in

49In the Media in 2013

AmCham, Confindustria urge Bulgaria to pursue energy reforms | The Sofia Globe

http://sofiaglobe.com/2013/12/10/amcham-confindustria-urge-bulgaria-to-pursue-energy-reforms/[09/01/2014 5:05:57 PM]

AmCham, Confindustria urge Bulgaria to pursue energyreforms

Written by The Sofia Globe staff on December 10, 2013 in Business - No comments

0 reddit

The American Chamber of Commerce (AmCham) Bulgaria and Confindustria Bulgaria have called on the

Bulgarian Government to implement reforms that would improve the financial health of the country’s energy

sector.

In a joint position paper, the two chambers of commerce said that “the energy system has been a cause of

significant concern during the past few years and failure to address major ‘shortcomings’ is having substantial

negative impacts on the economy – both for producers and for residential and corporate consumers, while also

harming Bulgaria’s investment climate.”

The state-owned electricity utility NEK was affected the worst by the misbalances in the energy sector, but its

financial crisis cannot be solved by applying ad hoc, isolated measures, such as the grid access fees imposed on

renewable energy producers last year, or the fee on the renewable energy feed-in tariff, approved by Parliament

last week, the chambers said.

Bulgaria’s efforts to meet EU targets on renewable energy generation have led, in recent years, to a quick

expansion of the sector, swelling electricity supply well beyond domestic demand (to the extent that it strained the

power grid’s ability to function) and also straining the finances of NEK (with most of the government efforts to

redress the situation focusing on pushing the financial burden off NEK onto the private sector).

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50 In the Media in 2013

Президентът: Търговското споразумението между ЕС и САЩ ще подобри живота на 800 млн. души - trud.bg

http://www.trud.bg/Article.asp?ArticleId=2390496[09/01/2014 4:34:35 PM]

11 660

24.10.2013 13:18 |

2

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0°C |

GEO MediaMall.bg

9Харесва ми

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51audit report 2012

AudIT RepORT 2012

Page 54: AmCham Annual Report 2013 - AmCham Bulgaria · of the Foundation “For Our Children” to help refugee children from Syrian. The Chamber donated 6 000 BGN for needs of children in

52 audit report 2012

Page 55: AmCham Annual Report 2013 - AmCham Bulgaria · of the Foundation “For Our Children” to help refugee children from Syrian. The Chamber donated 6 000 BGN for needs of children in

53audit report 2012

Page 56: AmCham Annual Report 2013 - AmCham Bulgaria · of the Foundation “For Our Children” to help refugee children from Syrian. The Chamber donated 6 000 BGN for needs of children in

54 audit report 2012

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55thank you letters

ThAnK YOu leTTeRS

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56 thank you letters

Page 59: AmCham Annual Report 2013 - AmCham Bulgaria · of the Foundation “For Our Children” to help refugee children from Syrian. The Chamber donated 6 000 BGN for needs of children in

AMeRICAn ChAMbeR OF COMMeRCe In bulgARIA

Published by The American Chamber of Commerce in Bulgaria, ©2014

Printed by www.print.bg

Page 60: AmCham Annual Report 2013 - AmCham Bulgaria · of the Foundation “For Our Children” to help refugee children from Syrian. The Chamber donated 6 000 BGN for needs of children in

Des

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