Transcript Българската икономика

BULGARIA
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Official title
Republic of Bulgaria
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Location
Southeast Europe, bordering the Black Sea,
Romania, Serbia, Macedonia, Greece and
Turkey
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Form of the Government
Parliamentary Republic, one chamber – 240
seats, elections every four years
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President
Georgi Parvanov
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Rprime-minister
Simeon Saxe- Coburg Gotha
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Official Language
Bulgarian, alphabet – cyrilic
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Capital
Sofia (1.2 million inhabitants)
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Area
(Thousands of km2):111
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Population
(millions): 7.9 (2001)
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Credit Rating of Bulgaria
Bulgaria has proven higher investment credibility
June 2004 Standard&Poor’s gave an investment-
grade foreign-currency rating
BBВ- (stable outlook) by Standard&Poor’s;
BBВ- (stable outlook) by Fitch IBCA;
Bа1 (stable outlook) by Moody’s;
BBВ- (positive outlook) by the Japan Credit
Rating Agency
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Trade between Bulgaria and Japan
140
128,7
135,9
(1995- September 2004, USD mln.)
88,3
120
76,6
100
64
62,4
80
0
1995
1997
1998
1999
Export
2000
2001
Import
2002
2003
9,6
14,3
10,8
12,9
23,4
37,5
32,9
39,6
36,3
33,1
24,9
1996
17,7
20
16,2
40
31,4
60
JanSept
2004
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Japanese Investments
Japanese company
Bulgarian company
Activity
Share
%
International Hospital Services Co.
Tokuda Credit Express Bank
Finance
53.34
Koshin Bussan
K&B Int. Ltd
Retail trade in medical and
orthopedic products
Novak Corporation Ltd
Svoboda JSC
Processing of leather and production
of leather products
80
Padeco Co. Ltd
Consultancy on the Sofia
Subway Expansion project
Consultancy
50
Pasific Consultants Internation Co.
Ltd
Consultancy on the Sofia
Subway Expansion project and
Port Bourgas expansion project
Consultancy
50
Penta Ocean Construction Co. Ltd
Penta Ocean Consortium
(Mitsubishi)
Construction (contractors in the Port
Bourgas Expansion Project)
90
Tomen Corporation
TM Auto Ltd
Trade in automobiles (importers and
dealers of Toyota)
60
Fanuk Ltd
Fanuk Bulgaria Corporation Ltd
Maintenance and repair of office,
accounting and computing
machines
100
Mitsui
Mitsui & Co Ltd (Representative
office)
Consultancy
4100
100
Investments in the Energy
Sector
Project: Rehabilitation of U 1-4 & construction of
FGDs at units 5 and 6 of Maritsa East 2 TPP
 Rehabilitation of 4x150 MW units + installation of FGDs & Construction of
FGDs at units 5 and 6
 EPC Contractor U1-4: Mitsui Co Ltd, Japan
EPC Contractor FGDs 5&6 : tender May 2004
 Total investment EUR 226 M financed by JBIC – 85% of the project's cost
75 million euro, co-financed by ISPA (grant), EBRD (credit) and Maritsa East
 Status: financial arrangements in process, S&P assigned 'BB' long-term
corporate credit rating to Maritsa East II TPP
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Investments in the Energy
Sector
Project: Construction of replacing capacity on the site of Maritsa East 1
New capacity 2x335 MW + installation of
FGD`s
Total expected investment: EUR 900 M
Project financed: BOO
Status: financial arrangements in process,
expected financial closure end 2004
Expression of interest:
AES;
Mitsui + ENEL
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Bulgarian Economy,
presented on the Internet
Ministry of Economy:
www.mi.government.bg
Privatization Agency :
www.priv.government.bg
Invest Bulgaria Agency:
investbg.government.bg
Bulgarian Export Insurance Agency:
www.baez-bg.com
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