Trade and Business in Bulgaria. Sofia

The objectives of the subject “International Trade and Business in” Bulgaria” are the following:

1. To analyze the Bulgarian Economy and International Trade;
2. To know the business opportunities in the Bulgarian Market;
3. To analyze 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” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): European Business, World Trade.

Masters (MIB): International Business, Foreign Trade.

Masters and Doctorate in International Business adapted to the Bulgarian Students.

Learning materials in + Bulgaria Bulgarie Bulgária.

1. Credits of the Subject “International Trade and Business in” Bulgaria”: 1 ;
2. Duration: one week.

1. Transport Corridor Europe-Caucasus-Asia (TRACECA);
2. International North-South Transport Corridor (India-Russia) (Observer country);
3. Pan-European Corridor IX (Finland-Russia-Greece);
4. Access to the Trans-Caspian Trade and Transit Corridor (Central Corridor).

Preferential Access and Free Trade Agreements of Bulgaria

1. Bulgaria and the Orthodox Economic Area / European Economic Area;
2. European Union
   1. As a member of the European Union, Bulgaria is a beneficiary of the EU Free trade agreements: Egypt, Jordan, Lebanon, Ukraine, Moldova, Georgia...;
   2. European Single Market;
   3. EU Services Directive;
   4. European Digital Single Market;
   5. European Customs Union.
3. Organization of the Black Sea Economic Cooperation (BSEC);
4. Central European Initiative (CEI);
5. Free Trade Agreement between Bulgaria and Bosnia and Herzegovina;
6. Regional Cooperation Council (RCC).

Sample:

Trade Facilitation Programs.

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. Convention concerning International Carriage by Rail (COTIF);
4. International Bureau of Containers and Intermodal Transport (BIC);
5. International Civil Aviation Organization (ICAO, Chicago Convention);
6. International Maritime Organization (IMO)
   1. International Convention for Safe Containers (CSC);
   2. Convention Relating to Temporary Admission (Istanbul Convention).
7. Customs Convention on Containers (CCC, UN);
8. International Convention on the Harmonization of Frontier Controls of Goods (UNECE);
9. Convention concerning International Carriage by Rail (COTIF);
10. Convention on the Contract for the International Carriage of Goods by Road (CMR, UN);
11. International Road Transport Union (IRU)
    1. TIR Convention;
    2. Guidelines on Safe Load Securing for Road Transport.
12. Uniform Rules concerning the Contract of International Carriage of Goods by Rail (CIM, CIT);
13. Organization for Cooperation between Railways (OSJD);
14. International Chamber of Commerce (ICC).

Sample:

European Trade and Economic Organizations:

1. European Union
   1. European Central Bank;
   2. European Investment Bank (EIB);
   3. European Bank for Reconstruction and Development;
   4. EU-CELAC Summit.
2. Economic Commission for Europe (UNECE);
3. Organization for Security and Cooperation in Europe (OSCE);
4. Group of States of the European Council Convention against Corruption (GRECO).

Global Organizations of Bulgaria

1. OECD anti-corruption measures;
2. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. Commission on International Trade Law (UNCITRAL);
   4. World Intellectual Property Organization (WIPO).
3. World Bank (WB);
4. World Trade Organization (WTO);
5. International Monetary Fund (IMF).

The Republic of Bulgaria (Europe).

1. Capital of Bulgaria: Sofia;
2. Official Language: Bulgarian;
3. Bulgarian Area: 110,879 square kilometers;
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 Civilization (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 Foreign 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.

Sample:

(c) EENI Global Business School (1995-2022)
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