StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Business plan - how a bank can penetrate Bulgaria's market - Research Paper Example

Cite this document
Summary
Business plan - how a bank can penetrate Bulgaria's market Name Professor Course Date Investment climate Bulgarian economy operates on the basis of free markets, with its increased number of private sector in comparison to the public sector. The World Bank ranks Bulgaria as an industrialized country with upper-middle-income…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.3% of users find it useful
Business plan - how a bank can penetrate Bulgarias market
Read Text Preview

Extract of sample "Business plan - how a bank can penetrate Bulgaria's market"

Download file to see previous pages

Bulgaria has been able to attract a significant level of Foreign Direct Investment (FDI) from the year 2001. The financial Crisis that hit Bulgaria market in the year 2007-2010 marked an economic decline of up to 5.5% in the year 2009. Fortunately, the country regained a positive growth of close to 0.2 % in the year 2010, contrary to the rest of Balkan Countries (Lapteacru, 85). The country operates using one of the most stable currencies in Eastern Europe the Lev termed Leva when in plural form.

The currency is pegged with the Euro with a prevailing rate of 1.95583in every Euro. Bulgarian strongest sectors include the energy, metallurgy, machine building, mining, agriculture and tourism. The primary exports from the industries include steel and iron, machinery and refined fuel, and clothing. The major obstacles towards foreign investment and economic growth involve inadequate R&D funding coupled with the development policies with unclear definition. The European and international markets also experiences lower levels of competition and productivity.

In the year 2012, the Bulgarian GDP attained a nominal of $ 50.78 billion, with $ 103.15 billion (PPP) in the same year. This marked a growth of 0.8% with a nominal of $ 6, 903. The GD per capita ranked at $ 14, 020 (PPP) with 5.6% in Agriculture, 31.1% in Industry and 63.2% in service. In the year 2012, inflation rate was experienced at 3%, with a population of 215 living under the poverty line by the year 2011. The Gini Co efficient ranked 28.2 in the year 2007 (Bulgarian - American Credit Bank AD 1200).

The sources of wealth Top company profiles by name, revenue/profit, and ownership Lukoil Neftochim Bourgas locates at B urgas, Bulgaria. Lukoil acts as the chief oil refinery company in Bulgaria and South East Europe. The ownership of the company lies under Russian Oil giant LUKOIL. The refinery accounts for close to 7% of Bulgaria’s GDP, AND 25% in revenue to the state budget. LNB remains the chief producer and supplier handling liquid fuel and related materials including petrochemicals and polymers in the country, and remains the leading company in the line of petroleum related products in Europe.

The company provides a minimum of 8,500 Bulgarians with employment opportunities (Elenkov and Petkova 4). SWOT more geared towards Bulgarian economy as a whole rather than Private Wealth market Strengths A better part of the Bulgarian communist period concentrated on heavy industry despite the fact that biochemical and computer products came in play as valuable products in the year 1980. Since Bulgarian market relied on the Soviet market, the culmination soviet market coupled with the Warsaw Pact resulted into a major crisis that hit the country in the year 1990s.

The first growth noted in the year 2000 has seen gradual but progressive growth the early 2000. Individual manufacturing industries’ performance appears uneven. The industry that experienced loss and has not been able to catch up with the Western Europe market includes food and tobacco processing companies. The textile industries experienced a decline in the mid-1990s, but since the year 2000 the clothing exports has experienced a steady growth (Erd?nc 78). The Bulgarian economy has experienced stability in the macroeconomic environment with low direct taxes over the years.

The fiscal policy of the country also tends to have a significant element of

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business plan - how a bank can penetrate Bulgaria's market Research Paper”, n.d.)
Business plan - how a bank can penetrate Bulgaria's market Research Paper. Retrieved from https://studentshare.org/finance-accounting/1469422-business-plan-how-a-bank-can-penetrate-bulgaria-s
(Business Plan - How a Bank Can Penetrate Bulgaria'S Market Research Paper)
Business Plan - How a Bank Can Penetrate Bulgaria'S Market Research Paper. https://studentshare.org/finance-accounting/1469422-business-plan-how-a-bank-can-penetrate-bulgaria-s.
“Business Plan - How a Bank Can Penetrate Bulgaria'S Market Research Paper”, n.d. https://studentshare.org/finance-accounting/1469422-business-plan-how-a-bank-can-penetrate-bulgaria-s.
  • Cited: 0 times

CHECK THESE SAMPLES OF Business plan - how a bank can penetrate Bulgaria's market

New venture development strategy

The project analyses the target market for its products which includes market segments like hotels, restaurants, food shops and catering companies.... This is followed by analysis of the bakery and confectionary products market in Bulgaria.... It reflects the availability of a niche segment of the market comprising of the high income groups in society which the company would like to target for its high quality products.... Consequently an analysis is done on the bakery and confectionary products market and the supply industry in Bulgaria....
47 Pages (11750 words) Dissertation

The Global Economy: An Austerity Measure

In the middle of the year 2010, an intervention package aimed to rescue the banks as well as stabilize the financial market was introduced within the eurozone not only for countries which were suffering from the crisis but also all other countries as well.... nbsp;… An austerity measure can be defined as the official action taken by the government that aims to reduce the amount of government expenditure or the amount that is spent by the people (Jackson, 2011....
4 Pages (1000 words) Assignment

EFG Eurobank Corporate Strategy

With 8 billion market capitalisation and 1.... he Bank has built up leading market positions in a number of areas, in particular in the high margin, high growth segments, which form the key focus of its activities.... EFG Eurobank Ergasias was first established in 1990 as Euromerchant bank.... mploying over 13,700 people, both in Greece and abroad, with a local distribution network of over 300 branches, 700 ATMs and alternative distribution channels, including phone banking, electronic banking and mobile banking, the bank achieves countrywide distribution and service capability and the integrated coverage of the needs of its customers....
17 Pages (4250 words) Essay

Economic Development of Ireland

Ireland can be considered as a small, open, trade-dependent economy and is one of the fastest growing economies in the developed world.... he Central bank and Financial Services Authority of Ireland (CBFSAI) consists of two entities.... The first entity is the Central bank, which carries responsibility for the monetary policy functions, financial stability, economic analysis and currency, and payment systems.... OP IRISH BANKS The two major Irish banks, AIB bank and bank of Ireland, are both publicly listed companies....
14 Pages (3500 words) Essay

Starbucks International Operations

This is because while the domestic American market.... his Report will select one of these countries as potentially the best country that Starbucks could consider entering and then outline an entry proposal strategy that Starbucks could apply in order to derive the best benefits from that potential market.... Additionally, the Datamonitor report states that this trend could “partly be explained by high alcohol prices – these mean caffeine can be a far more cost-effective way of getting wired than drinking” since coffee is also much cheaper (www....
19 Pages (4750 words) Essay

European Business

hellip; The effect of this economic slowdown was strongly seen in the labour market in the European Union.... All these factors had a negative effect on the labour market; thus employment growth rate came to zero on the quarter to quarter basis (E.... “Economic slowdown hits labor market”).... he slowdown in the labour market clearly indicates that the manufacturing sector got most affected and the effect of the financial crisis is clearly visible on the trade sectors....
9 Pages (2250 words) Coursework

Europe in the International Economic Order

Euro was introduced as a common currency for the participating European nations to remove the exchange rate risks within the internal market, to boost up trade across nations and most importantly to bring in monetary stability in Europe.... It also gained an upper hand in the borrowing activities, which led to an increase in liquidity in the market which in turn improved the standard of living of the Greek citizens.... “ Euro has played a major role in fostering harmony among diverse economies, which had conflicting monetary and fiscal policies, tariffs and other restrictions on trade and investments” quotes Haruhiko Kuroda, head of Asian Development bank at this years Brussels Economic forum (Vucheva, 2009)....
17 Pages (4250 words) Research Paper

Marketing of Azza Fahmy Jewelry Company

Upon recognizing market potential and pursuing opportunities presented for a distinctive product, expansions began occurring and the company and interior change became crucial to accommodate the expansion in the company.... Over the last four years, the jewelry business moved from a workshop operated by a single entrepreneur to a strategically structured and established organization comprising sales, marketing quality control departments supported by a sturdy human resource and financial team....
10 Pages (2500 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us