AmCham Media Breakfast
Today the study “U.S. Investments in Bulgaria (1990 – 2016)” was presented by Mr. Peter T. Ivanov, Executive Director of the American Chamber of Commerce in Bulgaria and experts from the Institute for Market Economics (IME).
This is the first-ever analysis of the U.S. investment in Bulgaria for a quarter of a century. It was prepared by the Institute for Market Economics, upon request of AmCham Bulgaria with the support of the U.S. Embassy in Bulgaria and the America for Bulgaria Foundation.
The main purpose of the report is to underline the significance of the trade relations between the United States and Bulgaria. Thus, the American investments are of great importance both for the national economy and for the Bulgarian regions ever since 1990, with main focus on four sectors of the economy: Processing Industry, Information Technology and Communications, Energy, and Agriculture. In each of these sectors, the share of U.S. investments is at least 10% of all foreign investments, with Agriculture taking 24%. These investments are represented in Bulgaria by some leading American brands that shape the reputation of these sectors. Regions such as Sevlievo, Razgrad, Stara Zagora, Gabrovo, Sofia and others have been developing sustainably for years thanks to the work and investments of American companies there.
The event was opened by Petar T. Ivanov, Executive Director of AmCham Bulgaria, Dr. Svetla Kostadinova, Executive Director, Institute for Market Economics, and Kaloyan Staykov, Senior Economist, Institute for Market Economics.
During the mini-discussions interventions made Krassimira Chemishanska, AmCham President and Executive Director of AmGen Bulgaria, Dessislava Talyokova, Executive Director, America for Bulgaria Foundation, and Krassimir Nenov, CEO, ContourGlobal Maritsa East 3.