U.S. – Bulgaria Economic Partnership: Investments, Labor, and Trade (1990 – 2022) Report - Membership Presentation
On November 1st, 2023, on the Enlighteners’ Day – Денят на народните будители, AmCham Bulgaria presented before its members the recently finished “U.S. – Bulgaria Economic Partnership: Investments, Labor, and Trade (1990 – 2022) Report”.
The event welcomed 50 guests from our membership, along with AmCham Bulgaria President Olivier Marquette, Stanislava Taneva, 1st VP, Omourtag Petkov, Board Member and Chair, Rule of Law Committee, Ivan Mihaylov, CEO. The event at the InterContinental received 15 senior U.S. companies’ leaders that were part of the ACEBA Delegation to Bulgaria, as well as colleagues from the U.S. Embassy to Bulgaria and the senior leadership of the Institute of Market Economics – Svetla Kostadinova, Executive Director, and Latchezar Bogdanov, Senior Economist.
“This great research presents the status of the American investments in Bulgaria and their impact on the national and regional economies. This is our second report on this topic – in 2018 when we published the first one, its data shocked the public and surprised our community. It busted some of the myths that used to say that the States are far, far away from Bulgaria. However, the study ranked the U.S.A. on the 6th place among all foreign investors in Bulgaria,” opened the evening, Ivan Mihaylov.
The formal opening was done by Olivier Marquette, AmCham Bulgaria President. He talked about the impact on the public data and the significance of the U.S.-Bulgaria economic partnership in the year when both nations celebrate the 120th Anniversary of establishing diplomatic relations, that have started back in 1903.
Then Eric Stewart, CEO, American Central-European Business Association, greeted the audience.
The event continued with a concise presentation of the “U.S.-Bulgaria Economic Partnership: Investments, Labor, Trade 1990-2022” delivered by Lachezar Bogdanov, Chief Economist, Institute for Market Economics.
It is high time to present the “U.S. – Bulgaria Economic Partnership: Investments, Labor, and Trade (1990 – 2022)” Report before our destinguished members.
This new study initiated by the American Chamber of Commerce in Bulgaria and implemented by the Institute of Market Economics presents an updated picture of the status, volume, outreach of the American investments in Bulgaria. It builds-up the initial study from 2018 when for the first time ever the American investments in Bulgaria were evaluated. Its methodology tracks the ultimate beneficial owner of capital, thus making more in-depth and trustworthy review of the foreign investments landscape in the country. .
This year’s study has many new features that enrich the analysis. Among them is the special section about the Canadian investments in Bulgaria, and focus on trade and tourism.
This report is the main economic-wise product with which AmCham Bulgaria commemorates the 120th Anniversary of the establishing of diplomatic relations between the United States of America and Bulgaria.
Some of its highlights were presented during the AmCham Bulgaria Business Breakfast with the Government of Bulgaria on September 26th, 2023 – which turned out to be a very successful event.
AmCham: U.S. – Bulgarian Economic Relationships Are Essential for the Sustainable Growth of the Bulgarian Economy
At the reception, AmCham will have the pleasure to host the ACEBA 2023 Bulgaria Delegation, part of the activities commemorating the 120th Anniversary of the establishment of diplomatic relations between the United States of America and Bulgaria. Join us to meet and talk with representatives from both sides of the Atlantic of companies such as Amgen, Bechtel, Citi, Kongsberg Defense & Aeronautics, Lockheed Martin, Merck (MSD), MetLife, Motorola Solutions, Northrop Grumman, Organon, Palo Alto Networks, SentinelOne, Skydio, UGT Renewables.
- InterContinenatal Sofia, Ballroom
18:30 – 19:00 – Welcome drink
19:00 – 19:15 Welcoming Remarks
- Olivier Marquette, AmCham Bulgaria President
- Eric Stewart, President and Founder, ACEBA
19:15 – 19:30 – U.S.-Bulgaria Economic Partnership: Investments, Labor, and Trade 1990 – 2022
- Latchezar Bogdanov, Chief Economist, Institute for Market Economics (Bulgaria)
19:30 – 21:00 – Networking
Moderator: Ivan Mihaylov, CEO, AmCham Bulgaria
Two people per company.