AmCham Bulgaria Discussed Energy, Healthcare, Transatlantic Relationship with the Bulgarian Government

On May 19th, 2022, the American Chamber of Commerce in Bulgaria discussed strategic topics with the Government of Bulgaria including energy diversification, power sector decarbonization, healthcare, and the transatlantic economy. All of them are part of the AmCham’s Priorities and the Chambers’ committees are working on providing solutions to the identified problem and policies. The discussion happened at a special business breakfast organized for the members of the Chamber at Sofia Hotel Balkan. 

The event was attended by Prime Minister Kiril Petkov, Minister of Energy Alexander Nikolov, Minister of Healthcare Prof. Asena Serbezova, and Minister of Innovation and Growth Daniel Lorer.

Assistant Secretary of State for European and Eurasian Affairs Dr. Karen Donfried was the guest of honor, as part of her visit to Bulgaria. She was introduced by H.E. Herro Mustafa, U.S. Ambassador to Bulgaria.  


“AmCham Bulgaria works hard to partner with the authorities and to provide solutions to the needed reforms in strategic sectors. Over the past two years, we invested – as Chamber and as Committees – significant resources (time, knowledge, funds) to craft two comprehensive studies – one on healthcare and one on power sector decarbonization in Bulgaria.

Thanks to their non-bias, holistic, and data-based approach, they were well accepted by the authorities and the stakeholders. Now, we have started working on the implementation of their proposal into policies and reforms,” pointed out Olivier Marquette, AmCham Bulgaria President. 


“The new look towards the strategic partnership between Bulgaria and the United States will open new possibilities for both countries, as well as a new investment gateway for Europe.

It was necessary to show that there is real diversification and that no one can twist the hands of the democratic world. I would like to thank for the support that our country received when the gas supply was cut by Russia. Bulgaria was following its duties under the contract with Gazprom when there was a political decision gas supply to be stopped,” said Prime Minister Petkov.

Our biggest task is to continue our battle with corruption. This is more than a national policy. This is limiting the influence of Russia in Bulgaria. It is important that this battle we are working it together – on the European level, and in NATO, as well as on bilateral level between Bulgaria and the United States,” once again emphasized Kiril Petkov


Media gallery from the AmCham Business Breakfast with the Government, May 19th, 2022


Transatlantic Economy 

On the transatlantic topic Olivier Marquette mentioned several important facts.  

“For increasing the added value to our members, and to foster the economic and business ties between Bulgaria and the United States, AmCham Bulgaria opened its office in Washington D.C. last week,” announced Mr. Marquette. “This will further increase the visibility of AmCham Bulgaria across the Atlantic and will create more opportunities to partner with the U.S. Chamber of Commerce, to which AmCham Bulgaria is an affiliate member for years,” he added also.

The recent Transatlantic Report, prepared by the AmChamEU, the U.S. Chamber, and the Johns Hopkins University, present the numbers that describe the economic flows between the United States and the European Union, incl. Bulgaria.  

Particularly about Bulgaria, the numbers in the report are: 

FDIs 

  • U.S. FDIs in Bulgaria are USD 608 million for 2020. The sales totaled USD 2.2 billion 
  • Bulgarian FDI to America are USD 48 million. 

Export / Import 

  • The U.S. goods export to Bulgaria is 375 million dollars which is equal to 3.4% when the intra-EU trade is excluded from the total. 
  • Bulgarian goods exports to the USA is 848 million dollars which is 6.2% of the total US imports from Bulgaria when intra-EU trade is excluded from the total 
  • U.S. exported services to Bulgaria for USD 362 million. 
  • Bulgaria exported services to the U.S. for USD 396 million. 

Business Breakfast, Part I – Video