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Strategies for Doing Business with Bulgaria

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Author Details : Jayant Sonwalkar, *, Neha Soni

Volume : 2, Issue : 4, Year : 2015

Article Page : 277-282

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Abstract

The study has presented a comprehensive picture of the Indian export in special reference with Bulgaria. The Gross Domestic Product (GDP) in Bulgaria was worth 55.73 billion US Dollars in 2014. (World Bank) with the leading manufacturing industries includes Organic Chemicals, Plastic and Articles thereof, Pharmaceutical Products, Tobacco and Manufactured Tobacco, Clothing accessories, Electrical Equipment’s and Ceramic products. Imports in Bulgaria are expected to be 4284.47 Million BGL by the end of this quarter, according to Trading Economics global macro models and analysts' expectations. Looking forward, we estimate Imports in Bulgaria to stand at 4204.96 in 12 months’ time. In the long-term, the Bulgaria Imports are projected to trend around 4200.63 Million BGL in 2020The Bulgarian market is receptive to American goods and services. E.U. Members will continue to offer funding opportunities for infrastructure projects, provided the Bulgarian government procedureis efficient and transparent. EU membership offers additional opportunities as structural and Cohesion funds are financing major infrastructure projects.

 

 

Keywords:E.U, Bulgaria, Indian Export, Market Entry Strategy, Export Opportunity, Indian Export Performance, Export Commodity

How to cite : Sonwalkar J, *, Soni N, Strategies for Doing Business with Bulgaria. J Manag Res Anal 2015;2(4):277-282

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