17 Feb 2025 12:00:00 GMT?.css-1txiau5-AnswerContainer{color:var(--GlobalColorScheme-Text-secondaryText2);}Sportist Svoge vs PFC CSKA-Sofia II on Mon
This is 22 of the Second Professional League
Predicted lineups are available for the match a few days in advance while the actual lineup will be available about an hour ahead of the match
The current head to head record for the teams are Sportist Svoge 1 win(s)
Have scored 1 goals in their last 5 matches
Have scored 9 goals in their last 5 matches
Who won between Sportist Svoge and PFC CSKA-Sofia II on Mon
17 Feb 2025 12:00:00 GMT?Sportist Svoge vs PFC CSKA-Sofia II on Mon
17 Feb 2025 12:00:00 GMT ended in a 0–0 tie.InsightsHave scored 1 goals in their last 5 matches
Sportist Svoge is playing home against PFC CSKA-Sofia II on Mon
"I believe three pivotal personal qualities not only contribute to professional success but also establish one as a trusted individual
drawing from my own experiences – ownership
Taking specific tasks as personal responsibilities
approaching challenges from all perspectives to make informed decisions
and persevering in the face of obstacles are the fundamental steps toward success."
My name is Mihaela – an irrepressible believer in the kindness of people
As the People Lead of the Svoge Plant for the past year
I've always been drawn to new experiences and destinations
where I earned dual master’s degrees in Tourism and Information Technologies
This unique blend of interests allows me to bring a fresh perspective to my professional endeavors
My career journey started in 1999 when I was 16
working part-time for the Bulgarian National Tax Agency
I participated in the USA work-and study-based exchange program for 2 years
After being impressed by the development in the tourism sector in North America
I continued working there to build on my educational studies
I decided to return to Bulgaria and invest my knowledge and experience
further developing my career in my home country
I joined a local NGO organization dealing with community developmental projects
I could not resist my personal desire to dive deep and participate in the research on the needs and the involvement of the public in projects related to supporting small local businesses
building strategies for positioning local tourism products
and sharing different international experiences
My interest in the NGO sphere was still awake
I was expecting my first child and needed to settle down
This journey has been a testament to my personal and professional growth
and I'm proud of the person I've become and the contributions I've made
My journey with MDLZ began 7 and a half years ago when I was appointed as an administrative assistant at the Svoge Plant
Stepping into the corporate world was a new experience for me
but the unwavering support from my team and the willingness of every individual in the Plant to assist made the transition incredibly smooth
This experience helped me realize that my innate people-oriented nature is a key strength in fulfilling professional commitments
I naturally transitioned into the HR function
initially as a coordinator for the Plant and later briefly in the Bulgaria Business Unit
This evolution in my career has been a rewarding journey
and I'm excited to continue contributing to the success and growth of MDLZ
What personal qualities or skills make you successful in your position
I believe three pivotal personal qualities not only contribute to professional success but also establish one as a trusted individual
and persevering in the face of obstacles are the fundamental steps toward success
What advice would you give to women looking to enter this field
One advice I could give to all willing to join our diverse HR function women is to trust their own journey and not be afraid to challenge themselves
The most significant victories arise from a sincere intention to enhance personal growth and your team's
What is the most exciting project you worked on in MDLZ
I've had the privilege of engaging in diverse projects during my tenure at MDLZ
I would like to mention – Svoge's 100-year anniversary
the chocolate factory in Svoge opened its doors for a special event
which brought together guests from the country and abroad and leading Bulgarian media
Among the attendees were the Mayor of Svoge
and the US Ambassador to Bulgaria – His Excellency Kenneth Merten
This is an exceptional moment for all of us
Our pride in what we have achieved over the years and our commitment to the future inspire the team to strive for continuous development
I am very proud of the team - unique professionals
Our corporate culture journey changes constantly as the people processes and
manufacturing autonomous implementation steps follow the global MDLZ trends
The sustainable rejuvenation of our plant teams and the digitalization renewal of our daily routine are leading to the creation of a culture of belonging
which is proven to be our Plant's best value of people – feeling and acting as a family
It is a great community with high engagement and standout capabilities
coupled with each of us’ empowerment to shape our own future
embodies why I'm dedicated to this organization
we collectively strive to meet the needs of our consumers and customers globally while fostering positive impacts on local communities and the planet through responsible sourcing
This shared commitment is what fuels my passion and purpose at MDLZ
one that holds a special place in my heart is the local Svoge brand
portioned perfectly for a unique brownie recipe I received in the Plant on my first day as part of the MDLZ team
Make it with Passion – Love our Consumers and Brands
Make it Uniquely Yours – Do What’s Right at MDLZ
Connect with us by joining our Talent Community
you’ll be the first to learn about new opportunities tailored to your skills and interests
Whether you’re actively looking for a new role or just curious about future possibilities
our community is the perfect place to stay informed and engaged
Don't miss out on making your next big career move — sign up today
The oldest chocolate factory in Bulgaria Tuesday celebrated its 100th anniversary in the presence of US Ambassador Kenneth Merten
has built a reputation for quality and become an important economic factor in the region
said the 100th anniversary is a landmark moment for all people working there
She stressed she is proud of the factory's teams and all the employees involved in production and administration
"I am delighted to work with outstanding professionals
we implement specific complex production processes unique to this location," she added
About 400 people are employed in production and administration
and the products are sold in about 25 markets in five continents
the factory has been part of the family of international giant Kraft Jacobs Suchard
US Ambassador Mertens said in his address that this is a truly impressive success story
achieved thanks to the strong partnership between Mondelez headquarters and the team in Svoge
Mondelez International General Manager for Southern and Central Europe
said the chocolate factory in Svoge is of strategic importance to the company
He said Svoge makes 171 varieties of products from the company's portfolio in more than 40 flavours that reach five continents
and thanked Anna Marinkova and all colleagues at the plant for being pioneers in innovative and complex projects
The diverse product range positions the factory in Bulgaria as an asset for the company
Mondelez International sells its products in more than 150 countries worldwide and had net revenues of approximately USD 36 billion in 2023
The company is a member of the Standard and Poor's 500
NASDAQ 100 and Dow Jones Sustainability Index
Mondelez Bulgaria was established at the acquisition of the chocolate factory in Svoge in 1993 (then Kraft Foods)
The book-album titled The River of Time will be donated to the St
Cyril and Methodius National Library and all regional libraries.
Contacts +359 2 9262 210
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04 Apr 2025 14:00:00 GMT?.css-1txiau5-AnswerContainer{color:var(--GlobalColorScheme-Text-secondaryText2);}Belasitsa Petrich vs Sportist Svoge on Fri
This is 29 of the Second Professional League
The current head to head record for the teams are Belasitsa Petrich 3 win(s)
Have scored 6 goals in their last 5 matches
Belasitsa Petrich haven't lost to Sportist Svoge in their last 5 meetings (3W
Have scored 4 goals in their last 5 matches
Martin Toshev is the competition's top scorer (18)
Who won between Belasitsa Petrich and Sportist Svoge on Fri
04 Apr 2025 14:00:00 GMT?Belasitsa Petrich vs Sportist Svoge on Fri
04 Apr 2025 14:00:00 GMT ended in a 0–0 tie.InsightsHave scored 6 goals in their last 5 matches
Belasitsa Petrich is playing home against Sportist Svoge on Fri
HOT: » What kind of news would you like to see more of?
This year marks the 100th anniversary of the first chocolate factory established in Bulgaria
this factory is home to the fastest candy assembly line in the world
including the creation of the first milk chocolate in Bulgaria
its chocolate products are enjoyed across five continents
exporting to Brazil and Kazakhstan," stated Anna Marinkova
The factory produces an impressive 50-60 tons of chocolate daily on peak days
Velizar Peev was the pioneer who made Bulgaria's first milk chocolate
"I can proudly say that milk chocolate continues to be produced today
and the recipe remains very specific and distinctive."
the factory’s operations evolved from labor-intensive processes
This transition included providing employees with small perks such as manicures and haircuts
the factory boasts the world's fastest candy production line
capable of producing and packaging 600 candies per minute
"This achievement is something Bulgaria can take pride in."
With nearly 500 employees overseeing every aspect from production to packaging
the factory offers over 170 different products
foreign companies often turn to Svoge for innovative solutions
"Give it to the Bulgarians!" is a common sentiment
who emphasizes the factory’s reputation for tackling complex challenges
began her career as an intern in the chocolate testing laboratory
and I admire the intricate process and the many people involved in creating this delightful treat."
We need your support so Novinite.com can keep delivering news and information about Bulgaria
Bulgaria commemorates one of its most significant national holidays – the Day of Saint George the Victorious
and the official Day of the Bulgarian Army
all retailers in Bulgaria will be required to display prices in both leva and euros
Employers in Bulgaria are legally required to implement all necessary measures to prevent and minimize workplace accidents
a major British tour operator specializing in holidays to Bulgaria
has halted all its operations effective April 24
Wage growth in Bulgaria is projected at 9.3 percent for 2025
a 15.4 percent rise in the minimum wage since January
The World Bank has revised down its forecast for Bulgaria’s economic growth in 2025
Bulgaria is approaching the final stages of preparation for transitioning card payments from the national currency
Minister of Economy and Industry Petar Dilov held a meeting with Susan Falatko
the Charge d'Affaires at the US Embassy in Bulgaria
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase
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Mondelēz International empowers people to snack right in over 150 countries around the world
with employees based in 48 countries and with 2020 net revenues of more than $10 billion
MDLZ is leading the future of snacking with iconic global and local brands such as OREO
belVita and LU biscuits; Cadbury Dairy Milk
Toblerone and Cote d’Or chocolate; Philadelphia cream cheese and Halls candies
Find out more on who we are and join us to create the future of snacking
Our Svoge plant is one of the biggest and modernized chocolate manufacturing sites in Bulgaria
It is also one of the most competitive plants in Mondelez but more important still
It became part of the Mondelez family since 1993 but the very first foundation was laid in 1924
it is the birthplace of Milka Peanut Caramel
there are also other global Power Brands such as Cadbury
500 employees and for years it has been a major employer in the Svoge municipality
In our head office you can find career opportunities in areas such as: sales; marketing; consumer services & logistics; supply chain management; procurement; finance; business services; information technology solutions; strategy
insights & analytics; corporate & government affairs and human resources
Our Kazichene plant is one of the biggest bakery manufacturing sites in Bulgaria
Plant is located close to the ring road of Sofia
It became part of the Mondelez family since 2022 after Chipita acquisition
The very first foundation was laid in 1996 as a small factory for mini and single croissants with 3 shifts and approximately 80 workers
Today Kazichene plant produces a diverse range of snacks
addressing different moments in the life of our consumers such as global 7DAYS – single & mini croissants
Our plant in Clinceni is a baked snacks powerhouse
where we produce snacking products under well-known brands: 7DAYS
These brands have a long tradition on the Romanian market
once Chipita company entered the Romanian market
Mondelēz International announced the acquisition of Chipita Global SA
a high growth European leader on croissants and baked snacks
we are producing a diverse range of snacks
addressing different moments in the life of our consumers: croissants
at the highest quality and safety standards
Our snacks produced in Clinceni are reaching the consumers hearts in 40 countries
Discover Customer Service & Logistics in Central Europe at Mondelēz International
Discover Finance in Central Europe at Mondelēz International
Discover Manufacturing in Central Europe at Mondelēz International
Discover Procurement in Central Europe at Mondelēz International
Development & Quality in Central Europe at Mondelēz International
Discover Sales in Central Europe at Mondelēz International
Disinformation report hotline: 010-85061466
The American company Kraft Foods opened Friday its expanded chocolate factory in the Bulgarian town of Svoge to the northeast of the capital Sofia
The company has invested BGN 40 M in the expansion adding two new production lines to its existing facilities
the Svoge factory will be able to produce up to 1 000 000 bars of chocolate per day (365 000 000 bars of chocolate per year)
turning Bulgarian into a chocolate supplier for the other countries in Southeast Europe
The opening of the expanded plant was attended by Christoph Wenisch
Regional Director of Kraft Foods for Southeast Europe and Turkey; Franco Del Fabbro
Executive Director of Kraft Foods Bulgaria; Susan Sutton
Deputy Ambassador of US to Bulgaria; and Bulgaria’s Deputy Minister of Economy
“This is our largest investment of such type in Southeast Europe,” Del Fabbro said adding the factory would expand the production of traditional Bulgarian brands of chocolate and chocolates such as Svoge
and of international brands such as Milka and Suchard
Kraft Foods employs over 800 people in Bulgaria
The expansion of its Svoge plant will add 120 new jobs at the company
and will create another 200 jobs that are indirectly connected with the new investment
Kraft Foods invested BGN 1,6 M into a factory for cooling coffee in the town of Kostinbrod (also located near Sofia)
which has turned into a regional center for the company’s coffee production
Kraft Foods is the second largest foods production company in the world employing about 100 000 people worldwide
The Sofia metro expansion continues to make significant progress with plans for new stations and improved connections
An explosion occurred this morning at a military factory in the Serbian town of Čacak
The night train from Sofia to Varna experienced a derailment in Svoge
a major automotive cable factory in Pleven and one of Northern Bulgaria's largest employers
will shut down its operations by the end of the year and exit the country
Bulgaria's exports of alcoholic beverages totaled 30.4 million euros
Bulgarian garment companies are struggling to find new markets due to the recent increase in tariffs on industrial goods under Donald Trump’s administration
Bulgaria recorded the highest annual growth in construction output among EU member states
The digital entertainment landscape is evolving rapidly
with new platforms and experiences reshaping how we spend our leisure time
Bulgaria has seen a record influx of workers from non-EU countries in recent years
yet the demand for labor in various industries remains unmet
Industrial production in Bulgaria continued to experience a downturn at the start of the year
Executive Director of Kraft Foods Bulgaria
for the "Investors of the Decade" Business Survey of Novinite.com (Sofia News Agency) and Novinite.bg
Antoine Collette took up his appointment as Executive Director of Kraft Foods Bulgaria
His professional experience began in Peugeot Austria
after that he worked for the marketing departments of Henkel France and Danone France
He continued his career in Danone Hungary & Czech Republic as a Marketing Director
Antoine Collette worked for Kraft's head office for CEEMA region
Where does Bulgaria's greatest potential lie for a company such as Kraft Foods
Kraft Foods attaches great significance to the factor 'location' when selecting the countries to invest in
which is why we decided to invest and continue investing here following our acquisition of the two plants in the towns of Svoge and Kostinbrod
reliability and predictability are the other key requirements for us
we need to know the laws are not changing from one day to another
Since it first entered the Bulgarian market in 1994 Kraft Foods has made substantial investments in its existing plants in the towns of Svoge and Kostinbrod
but attractive for investors municipalities
Let me point out that we acquired those two factories
municipalities - small or big - should meet the same requirements that a country should – be reliable and solid
The second key factor is the extent to which the municipality is willing to be a business partner
We are competing against all other factories in the network – the Kraft Foods factories in the Czech Republic
The key question for us is how much the local municipality will help us be competitive
I seize every opportunity to make people understand this is a win-win relationship
we bring direct and indirect business to the place but we are also dependent on the rules and regulations of a municipality and how well its work is organized
We are mutually dependent and should help each other
How did the investments impact the company's production process
The investment in the factory in Svoge 2 years ago was very important since we managed to double its capacity
We are now able to export more than 50% of our production in both Svoge and Kostinbrod to Romania
The investment also impacted the modernity of the equipment
We have now the most efficient line and are therefore able to compete with the other factories from the network
Two years ago your predecessor Mr Franco Del Fabbro said that the Bulgarian subsidiary of the US Kraft Foods has set itself the ambitious goal to become a manufacturing hub of the company for the Balkans
Is this plan already turning into a reality
this is happening and this is very positive
I firmly believe that the more production we roll out at the plants in Svoge and Kostinbrod
In this way we bring money back to Bulgaria's economy
helping it cope with the crisis it is going through
Most foreign investors acquire a certain market share by buying plants in Bulgaria
But if it is more profitable for the product to be manufactured outside the country
Which factors do you take into account when choosing where to produce a Kraft Foods product
Our consumers will soon notice the fact that we introduced a stamp "Made in Bulgaria" on the pack of our local brands to reinforce this idea
a number of factors come into the picture and determine our decision
Can we produce this product in this factory or not
does it make sense to make a very substantial investment in a new line
If the answer to the first group of questions is positive
the right cost for energy and the other elements of the cost
It is always a trade-off between the landed cost and the cost of producing the product at the existing factory
But our decision does not boil down only to the cost
It is also important for us how much the municipality is willing to help us invest
Help does not mean necessarily financial aid
construction permits and approval of the official documents
In fact the competition is not between different countries
In what direction does the company plan to develop it production process
Kraft Foods invests every year a couple of million of dollars in both factories – to improve the quality
make sure that we always give the best product to the consumer
A lot is invested in production sustainability and environmental protection
At the end our goal is to give the best product to the consumer at the best price with less impact on the environment of the municipality and the country
We are living in times of crisis and it is important that the value of the product comes to the consumer and is not lost along the production chain due to inefficiency
We try to offset the higher prices of the raw materials by being more efficient and cheaper to produce
but always keeping the high quality standards that Kraft Foods has
How do you assess the actions that the government is taking to sustain the economy and provide new stimulus to foreign investors
The direction in which Bulgaria is moving in terms of reliability
predictability and sound finances is correct
all the more so when compared to the situation in neighboring countries
Bulgaria should develop faster its infrastructure
What will it take for Bulgaria to start boasting greater advantages over other countries in the race for foreign investments in the region
the key principle is how much welcomed you are in the country
We made our choice and picked Bulgaria based on those criteria
How do you find doing business in Bulgaria different from your experience so far
My previous jobs took me to different countries
But key business principles are true everywhere – transparent rules
How has the presence of a multinational company like Kraft Foods impacted consumers in Bulgaria and changed their tastes
We are not here to change Bulgarians' tastes
but offer people new possibilities and new tastes
Our company continues to produce the traditional Bulgarian products with the same care and selection of ingredients
The most interesting thing I have witnessed in my experience is that what works in most places
The milk- and chocolate-filled Barni bear biscuits are present on the markets of nineteen countries and Kraft Foods is launching them this year on the African continent
It is exactly the same product – the same recipe
The same holds true for BelVita breakfast biscuits and we are about to announce the launch of new products on the Bulgarian market very soon
people appreciate it and it turns into a big success
It is very important to stress that Kraft Foods does not use cheaper recipes for the Eastern European markets
In April last year the Slovak Association of Consumers alleged that major food and drink multinationals are packing variable quality products to be shipped to different European countries under the same name
I can definitely say that for each product Kraft Foods – and this is something that this same study proved - has the same recipe
The Milka chocolate bar in Bulgaria and Austria are exactly the same
I promised myself to get prepared for the marathon in May and make it this year too
What are your business expectations for 2012
I am an optimist and I want to stay optimist
I believe that there are always ways to look at the positive side and I hope that 2012 will be a good year
As a manager of Kraft Foods Bulgaria it is my obligation to create space and opportunities to make it possible for the company to get the best
red smile exploding into an array of seven "flavor bursts"
Which are the seven things you like best in Bulgaria
I have just started to collect stamps of Bulgaria's one hundred national tourist sites
Let's make it five - a beautiful country with nice people
Ivaylo Naydenov has been appointed at the beginning of March as the new executive director of Kraft Foods Bulgaria
Interview with the chief executive officer of Solvay Sodi Spiros Nomikos
Bulgaria must boost the administrative capacities of its local authorities
in order to attract more FDI in the new global economic environment
Kraft Food Bulgaria CEO Antoine Collette recommended at the Bulgaria: Business UP invest
As part of its "Investors of the Decade" Business Survey
Novinite.com (Sofia News Agency) and Novinite.bg have asked representatives of leading human resource consultancies in Bulgaria how the Bulgarian labor market influences the country's attractivenes
Executive Director of the InvestBulgaria Agency
An exclusive interview with Bulgaria's Minister of Economy
and Tourism Traicho Traikov for the "Investors of the Decade" Business Survey of Novinite.com (Sofia News Agency) and Novinite.bg
for the Investors of the Decade Business Survey of Novinite.com (Sofia News Agency) and Novinite.bg
Exclusive interiview with Solvay Sodi CEO Eric Vander Vorst for the "Investors of the Decade" Business Survey of Novinite.com (Sofia News Agency) and Novinite.bg
Commercial Vice President - East Europe Region at Ideal Standard International; Executive Director and Chairman of Board of Directors of Ideal Standard-Vidima AD for the "Investors of the Decade" Business Survey
The Bulgarian subsidiary of the US Kraft Foods has set itself the ambitious goal to become a manufacturing hub of the company for the Balkans
its executive director said in an interview for Novinite.com
“Kraft Foods recently invested BGN 40 M into the enlarging of the production capacities in the chocolate factory in Svoge
thus confirming its strategic interest in Bulgaria
which is the largest investment of this type in Southeast Europe for the company
we are strongly positioned to become a manufacturing hub of the company for the Balkans,” Franco Del Fabbro said
According to him the new technological lines and solution will provide opportunity for production of a wide range of chocolate articles from Bulgarians and for Bulgarians
The decision for the investment was made after the closure of a Kraft Foods plant in the Romanian town of Brasov
but Franco Del Fabbro says Bulgaria may start boasting bigger advantage over other countries only after it addresses the issues of EU funds absoprtion
The company has detected a slight decrease in consumption in the first months of 2009
but its head says there has been no dramatic change
Franco Del Fabbro does not foresee a quick rebound
“The economy has been hit hard and a lot of the speculation that was boosting the economy in the past years has come to a dramatic halt
People and companies have debt that needs to be paid back and personal income has been declining
A lot will depend on the actions that the government is taking to sustain the economy and provide new stimulus,” he said
FULL text of the interview READ HERE
Kraft Foods Bulgaria opened recently its expanded chocolate factory in the Bulgarian town of Svoge
What is the amount of the investment there and what is its significance
Kraft Foods invеsted BGN 40 million into the enlarging of the production capacities in the chocolate factory in Svoge
we are strongly positioned to become a manufacturing hub of the company for the Balkans
The new technological lines and solution will provide opportunity for production of a wide range of chocolate articles from Bulgarians and for Bulgarians
The two new production lines are already in operation
third one will start operations in December and they will increase the production of chocolate to 1 000 000 pieces per day
supplying the demand on the Bulgarian market and Balkan countries
With the recent enlargement we have created approximately 120 new jobs in our premises and we estimate that another 200 jobs more will be created in the circle of business that services our factories
These investments give us the capacity to meet the increase in demand that is projected in the future years and will allow us to introduce new products and flavors to strengthen our brands position among the most loved products by Bulgarian consumers
Is this a hopeful sign that Bulgaria has certain advantages to its northern neighbor in terms of business environment
I think it would be improper to take one decision from one company and generalize it to the whole business
Our decision was made taking into account a number of factors related both to the region
So a number of very specific elements have certainly influenced our decision in one way
Another company with different needs might have taken a different direction
Countries in this area have similar advantages (high growth potential
and similar challenges (absorption of EU funds
so the difference in the long run will be made by how successful they are in addressing these issues
It is important to start immediately and decisively
then Bulgaria may end up with an even bigger advantage over other countries
How will they change the portfolio of the company
At the moment we are focused in finalizing the current
big investment and ensuring that the start up goes as per plan
We have sufficient capacity to cover a substantial increase in demand
so for the moment we do not plan any further big investment
other than regular maintenance and upgrade
Where does Bulgaria’s greatest potential lie for a company such as Kraft Foods
it has comparably low labour costs and at the same time it is geographically conveniently located in equal distance from a lot of countries in the region
This combination gives the country certain advantages which in my opinion have not been fully exploited yet
You were the only foreigner among the finalists in the Manager of the Year contest this year
What does it take to be a successful investor in Bulgaria
It’s the team that plays and wins the match
I consider myself as a young manager that has still a lot to learn and I have to thank my team for keeping up with me in my journey
I hope I am helping them to grow as much as they helped me
How doing business in Bulgaria is different from that in the older European Union member states
I would say it is very different: if things go up
I would say it is much more exciting and rewarding to work in emerging economies vs the old EU
Things can move much faster and results are much more visible
People are eager to learn and ready to take up challenges vs defending the status quo
Did the company you head feel the impact of the global crisis
What is your forecast for the business environment in Bulgaria for the rest of this year and 2010
A slight decrease in consumption is detected in the first months of 2009 considering the tough economic times for consumers in Bulgaria
I would not speak about a dramatic change as Kraft Foods Bulgaria is a company with strong financial position
a portfolio of brands well connected to the hearts of consumers and a great team of people and distributors that have made this company what it is over the past years
Our management team started early to get ready
we will have learned a lesson or two and will be able to enjoy what we have planted during the tough times
I personally do not foresee a quick rebound
The economy has been hit hard and a lot of the speculation that was boosting the economy in the past years has come to a dramatic halt
A lot will depend on the actions that the government is taking to sustain the economy and provide new stimulus
but also on the willingness of banks to support their customers and continue to provide credit to consumers and companies to keep the economy going and get ready for the recovery
Which are the major obstacles that impede Bulgaria's economic progress
basic infrastructure is a key requirement for any successful economy: modern motorways to allow fast movement of goods
educated workforce to entice value added investors
reduction of bureaucracy to make doing business easy and efficient
a clear and reliable judicial system that guarantees companies and individuals about the proper application of the rule of law and so on
I do not think I am saying anything special or new
The current government seems to have taken some decisive actions in certain areas
I can only wish them to continue along this path and turn all their good intentions into swift action
Is the judicial system a hindrance for foreign investors
but it is certainly an area where uncertainty about the consistent application of the rule of law can scare off some investors or make life more difficult and more expensive than it should be
Would more authority at the local level mean making the environment friendlier towards small and medium entrepreneurs and enterprises
Too much autonomy at local level could mean ending up in hundreds of different regulations and interpretations of the same law and make life even more difficult
Bulgaria is a relatively small and uniform country
so it should not be particularly hard to have simple but common rules that can be applied in the same way across the whole country
needing both some harsh work and a lot of tender care so that it can produce top quality wine
Stefan Valdobrev and “The Usual Suspects” are among the most iconic bands on the modern Bulgarian music scene
Stefan Komandarev was born in Sofia in 1966
He graduated from the French language high school in 1985
In this exclusive interview for Novinite.com with Jorge Araya
SEE Area Director of British American Tobacco (BAT)
bestselling author Meghan March delved into the profound impact her childhood and life experiences have had on her journey as a writer
A year after India overtook China to become the world's most populous country
its rapid upward economic trajectory and increasing diplomatic
scientific and military weight make it an emerging superpower of ever-growing importance to the United States an
this is the key to better promoting Bulgaria in front of the world