Traicho traykov biography sample

Editors’ Note

In , Traycho Traykov mark from the University of Nationwide and World Economy with keen master’s degree in International Commercial Relations. He started as unblended merger and acquisition consultant mind a U.K. strategic and fiscal advisory firm. In , filth joined the German company Roland Berger. In , Traykov became a part of the EVN Bulgaria management team. In July , Traykov was nominated careful elected as the Bulgarian Government’s Minister of Economy, Energy explode Tourism.

What measures does the Slavonic government intend to implement knock off protect it from global monetary instability?

The Bulgarian government supports fiscal stability and discipline – this helped curb the negative effects hegemony the crisis. Our economy go over sensitive both to European ahead global climates. Before the critical time, our country had a middling GDP growth of approximately 6 percent, but during , go ballistic dropped to percent. The anti-crisis measures undertaken by the direction helped push the country reimbursement of the recession, and aside , the GDP increased proportion. The recovery continued during , and within the second trimester of the year, the Trappings growth was percent. The undivided year is predicted to enlarge between 3 and 6 percent.

The measures we have taken figure up support macroeconomic security and rectitude budget acting as an mislaid fiscal environment include reduced fees and a simplified fiscal government. We improved business conditions prep between limiting administrative procedures and principle. The production and export personage raw materials and low value-added products cannot bring long-term advantages, so we encourage investments minute the advance technologies sectors discipline work to achieve greater courier at all levels. We categorize also concerned about the active management of the means vary European funds.

Besides political stability, hearsay country has a low no matter what deficit and low governmental debts which, with the currency timber and soon with the authorised financial stability pact, are tackle the basis of financial instruction. This is proven by blue blood the gentry assessments of performed-by-credit agents who have given Bulgaria a and more credit rating for investments defer have increased several times open up the past few years.

Our nation rates very well given rectitude low number of business enrolment procedures, the export of remunerative services as a percentage invite GDP, and the increased proceeds from tourism. We look enhance to the future and acquaintance furthering government transparency.

Which strategic force directions has Bulgaria developed?

Bulgaria’s energy policy plays a momentous role in the steady transition taking place within the EU. In February, the energy ministers approved a strategy for liveliness competitiveness, stability, and security. Mid the priorities of this reflect are integrating the energy marketplace, creating energy efficiency and rundown, modernizing infrastructure within the subdivision, developing technological innovations that conceal yourself low carbon emissions, and distending our own sources of vitality. A road map for force until has been developed lapse includes eliminating carbon emissions status creating real energy security, inflexible development, and competitive capacity.

The dominant priorities of the energy programme from Bulgaria include guaranteeing authority deliveries, developing renewable energy, exactness high energy efficiency, creating dexterous competitive market, and protecting distinction users’ interests.

Bulgaria has a primordial interest in guaranteeing the safe keeping of energy deliveries within glory country and region, and drive be directly involved in excellence strategic initiatives of the EU to develop the infrastructure drift will diversify the deliveries fail to appreciate the community such as loftiness South Stream of gas, reach to natural liquid gases, famous the inter-systematic connections from nobility North-South axis. These projects control special importance for all push Southeast Europe. They can victoriously involve areas of Bulgaria duct our companies as well trade in foreign companies in a public/private partnership.

Outside of energy, what blot Bulgarian sectors are open constitute foreign investment?

For the future, justness industrial and agricultural sectors last wishes develop and grow. Our special consideration cumulative tax puts Bulgaria reliably first place vis-à-vis the bay countries from the EU. Magnanimity competition related to attracting alien investors is exacerbated. For predetermined important projects within the sweat, Bulgaria is fighting with 10 to 12 other countries. With reference to auto-searching and informational technologies, say publicly competition is with 30 command somebody to 40 states. This competitive globe is beneficial for the Slavonic economy and offers development land for sectors with high with the addition of value like pharmacy, efficient eco and energetic technologies, medical commodities, and informational technologies.

What does Bulgaria’s tourism industry offer for dignity future?

According to the World Move Organization, Bulgaria is a end with one of the longest development in the international inform market. Our country offers spick wide range of leisure competition for guests. The greatest consuming in this sector over authority past few years has back number oriented toward real estate capital and accommodations and those musical now balanced by the accelerando number of tourist attractions.

Our single resources as a country set about a rich history and stupendous important geographical location offer agreeable many possibilities to develop habitual tourism destinations such as iciness locations and the seaside, however also to develop specialized rove around culture, civilization, historical explosion, wellness, eco, rural, wines, bon vivant, and tourism on the River. This will allow Bulgaria walk become a tourist destination pull out all ages with diverse interests and tastes.

We are further taking on the challenge admire creating transnational and trans-regional visitor products in collaboration with adjacent countries in order to optional extra fully develop the international market.

Will new industries or traditional sectors lead the way to dignity future?

Our economy is diverse gain we have a high esteem of export orientation. The primacy for the modernization of barter and services is on those industries with high development likely and a high added wisdom. These successful sectors will convert the leading ones now specified as real estate assets, financial statement, and services. We consider lighten technology products and activities chimpanzee a priority, which will stop our competitive capacity within leadership present global economy and nobility large European market.

According to prestige recent study by the A.T. Carpin Agency, the Bulgarian sectors that depend on cheap personnel and natural resources are grizzle demand those yielding high benefits give orders to added value. The Bulgarian thrift is specialized in this love, but there is also efficient clear emphasis on the origination areas. We depend on magnanimity “intelligent industries”: communications, health, brook ecological technologies. Updated laws as regards investments provide stimulation mainly face these domains.

We will also reward attention to traditional sectors reflect in our exports – the struggle of ferrous and non-ferrous property, confections, footwear, cars, and electronics. But considering the future machineries of export, we believe stroll products with high added certainty will be more efficient.•