I BG Georgi Shivarov, Vice President of BIA
Partnership Italy is 1 st as export market for Bulgaria Italy is rd importer in Bulgaria Total investments from Italy are (1996-2006) 907 Mln Euro Bulgarian Industrial Association UNION OF THE BULGARIAN BUSINESS www.bia-
Bulgaria Italy Export Import in Mln.. EURO Export 200 2004 2005 2006 Mln. Euro 95.2 104.2 112.5 1209.1 % of total 14.02 1.06 11.96 10.09 Import 200 2004 2005 2006 Mln. Euro 982.7 1141.6 118.4 1602.6 % of total 10.2 9.82 8.99 8.72 Bulgarian Industrial Association UNION OF THE BULGARIAN BUSINESS www.bia-
Bulgarian Export to Italy 2006 in mil USD Total for the leading export products Hot rolled iron Shoe parts Shoes Tin, plates and copper sheets Coke, petroleum products and nuclear fuel Suits and coats Wool yarn Singlet, sweater and waistcoats Women s suits and coats Suitcases, traveling bags and cases 782.9 174.0 88.0 68.0 65.8 45. 4.4 41.4 1.7 0.8 29.2 Bulgarian Industrial Association UNION OF THE BULGARIAN BUSINESS www.bia-
Bulgarian Import from Italy 2006 in mil USD Total for the leading ten import products Passenger cars Leather Wool fabrics Motor vehicles for the transport of ten or more persons Shoe parts Cotton fabrics Cattle hide Refrigerators and freezers 811.0 62. 59.7 68.2 4.0 5.6 5.6 1. 19.1 Bulgarian Industrial Association UNION OF THE BULGARIAN BUSINESS www.bia-
Bulgaria Italy Trade Information Bulgarian import from Italy is 007 Industrial goods and 218 Agricultural goods Major part of the Bulgarian export (75 % in value terms) is done by 7 companies, while major import from Italy is done by 1 firms There are about 2614 Bulgarian legal entities, registered in Bulgaria, with Italian share between 5 to 100 %, operating in Bulgaria Bulgarian Industrial Association UNION OF THE BULGARIAN BUSINESS www.bia-
Countries Export % Import % Foreign Direct Investments % Position by competitiveness WEF 2005 Bulgaria 72 position Innovation capacity in 2005 Bulgaria 72 ITALY 1,1% 9,8% 6,6% 47 50 GERMANY 10,2% 14,6% 8,% 1 12 TURKEY 10,0% 6,0% 1,4% 66 52 GREECE 9,9% 5,7% 9,8% 7 8 BELGIUM 6,0% 1,4% 4,5% 25 1 FRANCE 4,5% 5,% 2,0% 27 0 USA 4,5% 2,% 4,9% 2 1 ROMANIA,5% 0,4% 0,0% 6 47 SPAIN,4% 2,1% 1, 2 20 UNITED KINGDOM Top 10 biggest Bulgarian partners in foreign trade 2,5% 2,4%,5 11 18 TOTAL: 67,9% 52,5% 42,4% Bulgarian Industrial Association UNION OF THE BULGARIAN BUSINESS www.bia-
FOREIGN DIRECT INVESTMENT INFLOW IN BULGARIA BY COUNTRIES IN USD MILLION (1992-2006) 0 500 1000 1500 2000 2500 000 500 AUSTRIA NETHERLANDS GREECE UK GERMANY ITALY HUNGARY CZECH REP. BELGIUM & LUX. SWITZERLAND USA CYPRUS IRELAND RUSSIA SPAIN FRANCE TURKEY 465 72 8 5 27 960 865 852 82 822 818 767 1207 1586 1820 2075 454 www.bia-
Nr. The biggest Italian investors in Bulgaria (199-2006) Investor Bulg. company Activity Total (USD m) 1. UNICREDITO, Italy BULBANK finance 422, 2. MIROGLIO, Italy, Germany MIROGLIO BULGARIA, INTERPRED textile 150,9. MARVEX + ITALCEMENT, Italy DEVNYA CEMENT, VULKAN cement industry 6, 4. ENEL, Italy EK MARITZA EAST energy 8,6 5. E. MIROLIO, Italy E. MIROGLIO trade 27,2 6. SAFIL, Italy BULSAFIL textile 18,1 7. TODINI, Italy TODINI construction 9, Bulgarian Industrial Association UNION OF THE BULGARIAN BUSINESS www.bia-
Number of Bulgarian companies with Italian participation Total number of companies 2 614 of them: - holding 100% stake - between 50 and 100 % stake - a stake lower than 50% 1 188 1 082 44 Bulgarian Industrial Association UNION OF THE BULGARIAN BUSINESS www.bia-
Number of Bulgarian companies with Italian participation Branch holding stake 100% Between 50% & 100% Below 50% Total number of companies Total: 1 188 1 082 44 2 614 Agriculture, hunting and forestry 41 1 8 80 Fishing 1 1 Mining and quarrying of energy-producing materials Mining and quarrying, except energy producing materials Manufacture of food products, beverages and tobacco 1 19 54 4 48 10 10 1 6 6 112 Manufacture of leather and leather products 42 1 2 75 Manufacture of wood and wood products 20 21 8 49 Manufacture of pulp, paper and paper products; publishing and printing Manufacture of chemicals, chemical products and man-made fibres Manufacture of rubber and plastic products 9 4 11 8 11 2 15 17 Manufacture of other non-metallic mineral products 8 8 2 18
Number of Bulgarian companies with Italian participation Branch holding stake 100% Between 50% & 100% Below 50% Total number of companies Total: 1 188 1 082 44 2 614 Manufacture of basic metals and fabricated metal products Manufacture of machinery and equipment n.e.c. Manufacture of electrical and optical equipment Manufacture of transport equipment 18 7 8 2 19 11 7 4 2 1 4 40 20 16 10 Manufacturing n.e.c. 21 20 44 Electricity, gas and water supply 2 1 2 5 Construction 9 8 1 90 Wholesale and retail trade; repair of motor vehicles and household goods Hotels and restaurants Transport, storage and communication 559 29 2 51 1 167 15 14 1 29 75 79 Financial intermediation 1 5 4 10 Real estate, renting and business activities 246 172 54 472 Education 1 2 Health and social work 2 5 10 Other community, social and personal service activities 16 17 8 41
Top 40 Bulgarian companies with Italian participation by registered capital (>50% Registered Capital) (Classification is based upon the current data from the Bulgarian Enterprise Information System BEIS) No Company City Registered capital in BGN Major Shareholder Share (%) Sub-sector 1 Unicredit Bulbank JSC 29 255 524 Unikredito Italiano 85,20 Financial intermediation 2 Miroglio Bulgaria SPLTD Sliven 149 998 995 Miroglio Group Generaly Bulgaria Holding JSC 2 000 000 Generali 51,00 Financial intermediation 4 Mirolio Nova Zagora SPLTD Nova Zagora 25 000 000 Miroglio S.P.A 5 Bulsafil LTD Plovdiv 20 200 50 Safil 49,00 Bulsafil LTD Plovdiv Mondialteks S.A 46,00 Bulsafil LTD Plovdiv Simest 5,00 6 Black Sea Technological Company JSC Varna 12 971 490 Amga - Atsienda Multiservitsi 99,69 Electricity, gas and water supply 7 Victoria IC JSC 10 110 000 Generali 67,00 Financial intermediation 8 Siad Bulgaria SPLTD 6 650 000 Sochieta Italiana Atsitilene & Derivati Manufacture of chemicals, chemical products and man-made fibres 9 Edoardo Miroglio SPLTD Elenovo - Sl 6 000 000 E. Mirolio Wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods 10 Stratus LTD Plovdiv 5 100 000 Simest 88,00 Manufacture of basic metals and fabricated metal products 11 Interpred - World Trade Center JSC 5 000 000 E. Mirolio 94,88 Real estate, renting and business activities 12 TGK tehno-gas-koop JSC 4 541 450 AD Sol 71,42 Manufacture of chemicals, chemical products and man-made fibres 1 CTI-Clothing Trade International JSC Vratza 912 000 Ti.ese.chi trading servce company 84,00 CTI-Clothing Trade International JSC Vratza 912 000 Simest 12,00
Top 40 Bulgarian companies with Italian participation by registered capital (>50% Registered Capital) (Classification is based upon the current data from the Bulgarian Enterprise Information System BEIS) No Company City Registered capital in BGN Major Shareholder Share (%) Sub-sector 14 Sovata SPJSC Sovata 587 520 Djaneti Spa 50,00 Agriculture, hunting and forestry Sovata SPJSC Sovata Miroglio Group 50,00 15 Salvamed JSC Sandanski 150 000 Individuals 99,00 16 Unikredit Klarima JSC 2 800 000 Unikredito Klarima Bank 50,00 Financial intermediation 17 Texnovalain JSC Mezdra 2 171 29 Novatesile 85,00 Manufacture of machinery and equipment n.e.c. 18 Oazis-Muso JSC 2 124 000 Muso 65,82 Wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods 19 FGI Imobiliare JSC 2 000 000 Sailnet 74,95 Real estate, renting and business activities 20 Minipulse SPLTD Plovdiv 1 810 000 Kodzhema 99,00 Wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods 21 Sizas Zebra International JSC Novi Iskar 1 800 000 Sizas 5,75 Manufacture of rubber and plastic products 22 Arcotronics Bulgaria JSC Kyustendil 1 600 000 Arkotroniks Indastris(Arkotronik s-italiya) Manufacture of electrical and optical equipment 2 Magistrala Hemus JSC 1 00 000 Salini Costruttori S.p.A. 51,00 Construction 24 Butan Gas SPLTD Pernik 1 025 650 Butangaz Wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods 25 Baribourg Bulgaria JSC Debelt 1 000 000 Individuals 50,00 Manufacture of leather and leather products 26 Rositsa industrial and commercial activities JSC Sevlievo 1 000 000 Filor Group 96,00 Wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods 27 Howald Industrial Systems SPJSC Vojivodinov o 1 000 000 Filor Group Manufacture of basic metals and fabricated metal products
Top 40 Bulgarian companies with Italian participation by registered capital (>50% Registered Capital) (Classification is based upon the current data from the Bulgarian Enterprise Information System BEIS) No Company City Registered capital in BGN Major Shareholder Share (%) Sub-sector 28 Italy - Style JSC Dupnitza 989 190 New Mode 98,52 29 Zalli LTD Gabrovo 980 000 Calzedonia 99,00 0 Merlini-Danimond LTD 927 400 Merlini Rikardo 50,00 Manufacture of food products, beverages and tobacco 1 Bulsan LTD Botevgrad 856 750 Nikos-International Manufacture of other non-metallic mineral products 2 Sibi LTD Sevlievo 800 000 Efebiese 50,00 Manufacture of basic metals and fabricated metal products Sibi LTD Sevlievo Filor Group 50,00 Jival LTD Kyustendil 748 700 Pianeta 99,00 Manufacture of leather and leather products 4 CIR Golden Rest JSC Varna 600 000 CIR Cooperativa Italiana di Ristorazione 90,00 Hotels and restaurants 5 MG JSC 50 000 Individuals 99,00 6 Alpha Textile Industry JSC Pernik 500 000 Individuals 51,00 7 Balkan Fruit LTD Nikolichevtsi 500 000 Individuals Wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods 8 Yavor Agro Consult 2000 JSC Yambol 500 000 Montalchino Invest 70,00 Agriculture, hunting and forestry 9 Euroshoes LTD 78 10 М 2 50,00 Manufacture of leather and leather products Euroshoes LTD 78 10 Linea moda 50,00 Manufacture of leather and leather products 40 Intima Italy SPLTD Parvomai 50 150 Pielle
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