FDI in Bulgaria: Dynamics and Opportunities for

Transcript:FDI in Bulgaria: Dynamics and Opportunities for:
FDI in Bulgaria: Dynamics and Opportunities for Korean Businesses Assoc. Prof. Dr. Daniela Bobeva Economic Research Institute at BAS Outline IER priorities and experience in foreign investment research and foreign trade What we do and we do not know about foreign investment to/in Bulgaria Bulgaria-Korea economic relations: why researchers have to help FDI research: Hitting a moving target Research on foreign investment has always been a priority in IER strategy and programmes since early 90-ies Early 90ies: opening for FDI as a pillar of market economy emergence and a key instrument in the transition reform agenda Mid 90-ies: privatisation and the role of FDI On the road to the EU membership: convergence and EU markets: FDI as an instrument of EU integration and a tool for strengthening the single EU market; Crisis and FDI: FDI and exit from the recession; more research focus on the FDI companies; targeting new FDI source countries Relocation of Western companies in Bulgaria FDI and intercompany relations after the EU accession (Professor Goev, Associate professor Minchev (2009-2011): Studying 100 foreign investment companies in Bulgaria compared with the same data from 2001. Assessing the relations between the Bulgarian and foreign companies. Promoting competitiveness of Joint ventures in Bulgaria Dr. Marangozov . The study focuses on competitiveness and Joint ventures in the context of local and European practices and legislation. Structuring Balance of Payments Prof. Minasian : The study results in a comprehensive set of policy measures to improve macroeconomic policies and synergies between different polices that serve for macroeconomic and financial stability and balancing externalities. FDI in Central and Eastern Europe Professor Balkanska: A comprehensive analysis of specific factors that drive FDI in CEECs and particularly in Bulgaria. The most attractive sectors are Identified, as well the important sectors that lack foreign investment are presented. The research proves that the economic growth is strongly dependant on the FDI flow in Bulgaria due to the high level of openness of Bulgarian economy. Key policy measures are offered. Foreign Direct Investments In Bulgaria: Do They Have An Effect On The Economic Development of The Country? Christova-Balkanska, I., 2009, N 1, p. 197-218. ISSN: 0205-3292 Intensity of FDI Striking facts about FDI in Bulgaria Bulgaria and Estonia are leading in the EU as per the intensity of FDI inflow in last 12 years FDI inflow 41,279 m euro 1998-2013 FDI stock 38,331 m euro 2013. But unfavourable sector distribution