Business in Bulgaria. Sofia

EENI Business School & HA University




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Syllabus of the Subject - Doing Business in Bulgaria. Sofia (Course, Master).

  1. Introduction to the Republic of Bulgaria (European Union)
  2. Economy of Bulgaria: The metallurgical sector is one of the pillars of Bulgaria
  3. Doing Business in Sofia
  4. Bulgarian Foreign Trade
  5. Foreign Direct Investment (FDI) in Bulgaria
  6. Main Bulgarian Companies
  7. Access to the Bulgarian Market
  8. Business Plan for Bulgaria

The objectives of the Subject “Doing Business in Bulgaria” are the following:

  1. To analyse the Bulgarian Economy and Foreign Trade
  2. To know the business opportunities in the Bulgarian Market
  3. To analyse the Bulgarian trade relations with the country of the student
  4. To know the Bulgarian free trade agreements as a member of the European Union
  5. To develop a business plan for the Bulgarian Market

The Subject “Foreign Trade and Business in Bulgaria” is part of the following Online Higher Education Programs taught by EENI:
  1. Doctorates: European Business, Global Trade
  2. Masters: Business in Europe, International Business, Foreign Trade

European Union, Master Doctorate Business Masters and Doctorates in International Business adapted to the Bulgarian Students

The course materials are available in Master in International Business in English + Study Master Doctorate Business in Spanish Bulgaria Study, Master in International Business in French Bulgarie Masters Foreign Trade in Portuguese Bulgária.

Online Student (Master International Business)

  1. Credits of the Subject “Doing Business in Bulgaria”: 1 ECTS
  2. Duration: one week

European Union Eastern Partnership





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Paterson Ngatchou: EENI Academic Coordinator for Anglophone Countries
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Description of the Subject: Doing Business in Bulgaria

The Republic of Bulgaria (Europe)

  1. Capital of Bulgaria: Sofia
  2. Official Language: Bulgarian
  3. Bulgarian Area: 110,879 square kilometres
  4. Bulgarian Population: 7.3 million people
  5. Type of Government of Bulgaria: Parliamentary Republic
  6. Borders of Bulgaria: Romania, Serbia, Macedonia, Greece and Turkey
  7. Independence of Bulgaria: 1908 (Ottoman Empire), 1991 (Soviet Union)

Religion in Bulgaria: Orthodox Church (Christianity)

Bulgaria belongs to the Orthodox Civilisation (European Economic Area)

Economy of Bulgaria.

  1. The Republic of Bulgaria is a free-market economy, and a median-upper income economy (World Bank)
  2. Bulgarian GDP (nominal): 51,030 million dollars
    1. Agriculture: 5%
    2. Industry: 31%
    3. Services: 63%
  3. GDP per capita: 12,800 dollars
  4. Bulgarian Currency: Lev
  5. Top raw materials of Bulgaria: Copper (the third European producer), iron, coal, gold, bismuth, zinc
  6. The metallurgical sector is vital for the Bulgarian Economy
  7. Main Bulgarian products: electronic devices, fuels, building materials, car components, weapons
  8. Corruption is very latent in Bulgaria
  9. Bulgaria joined the European Union in 2007
  10. Top Bulgarian Companies: BDZ, Bulgarian Air transport, Corecom, Madara, Payner Music, National Television of Bulgaria

Bulgarian International Trade.

  1. Main Bulgarian Exports: footwear, clothes, steel, iron, fuels, and machinery
  2. Top Bulgarian Export Markets are Germany (12%), Romania, Italy, Turkey, Greece
  3. Main Bulgarian Imports: fuels, raw materials, machinery, metals, chemical products and plastics
  4. Top suppliers of Bulgaria are Russia (17%), Germany, Italy, Romania, Greece
  5. As a member of the European Union, Bulgaria is a beneficiary of the EU Free trade agreements: Egypt, Jordan, Lebanon, Ukraine, Moldova, Georgia...
  6. Free Trade Agreement between Bulgaria and Bosnia and Herzegovina

International Economic Relations of Bulgaria

  1. Organisation of the Black Sea Economic Cooperation
  2. Central European Initiative (CEI)
  3. Regional Cooperation Council
  4. International Chamber of Commerce
  5. World Bank
  6. Economic Commission for Europe (UNECE)
  7. European Union
  8. World Trade Organisation
  9. International Monetary Fund (IMF)
  10. Group of States of the European Council Convention against Corruption (GRECO)
  11. Intergovernmental Organisation for International Carriage by Rail (OTIF). COTIF Convention
  12. International Rail Transport Committee (CIT)
  13. United Nations
  14. Organisation for Security and Cooperation in Europe (OSCE)
  15. Organisation for Economic Cooperation and Development (OECD)
  16. Convention Relating to Temporary Admission

Examples of the Subject - Foreign Trade and Business in Bulgaria:
Central European Initiative (CEI), Course

European Union-Central America Free Trade Agreement (Course)

Regional Cooperation Council (e-Master, Europe)

Black Sea Economic Cooperation (BSEC) Course



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