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Oil and Gas
Gas findings Israel
ICT Industry
Sofia TechPark Driving innovation engine for Bulgaria
Agriculture
Private investors are now able to own fertile farmland
in Romania
Bucharest: 11 Danish companies organised in a joint delegation at the AGRARIA agriculture fair in Romania
Maritime
Greek shipping and Posidonia 2014
Climate and Energy
Danish Green Growth Network is now going online
Investments/Opportunities
The Romanian Tiger Three sectors pull Bulgaria out of the crisis
Invitation to Cyber Security Seminar in Israel
Invitation to workshop: “Denmark & Turkey, wind energy sector”
Turkish President H.E. Abdullah Gül’s state visit to Denmark
HO.RE.CA. in Greece
SAVE THE DATE Events, Exhibitions and Others
Key Economic Figures for the TC SEE Region - 2013
About us
THE TRADE COUNCIL’S
TC SOUTH EAST EUROPE NEWSLETTER
May 2014
Welcome to the Regional Newsletter
Dear Reader,
We are welcoming you to the sixth issue of the SEE Regional
Newsletter which covers interesting news, events and in-
formation from our region.
Israel beats all the headlines in the country within the oil
and gas industry and Bulgaria is also in front with the new
established Sofia Tech Park.
Good news for private investors in Romania focusing on the
agriculture business as they are now allowed to own fertile
farmland. The Danish Green Growth Network has now a
homepage, where different news, invitation etc. will be
shared within the energy and climate sector. And don’t
forget to read about the largest commercial fleet in the
world in Greece.
Furthermore, this issue also enhances exciting
events/exhibitions and invitations that you should take a
look at.
We hope that you will enjoy reading this issue of the SEE
Regional Newsletter.
Søren Robenhagen Regional Manager SEE & Consul General Trade Commissioner, Istanbul E-mail: [email protected] The newsletter is published at each quarter and contains commercial, political, and economic information related to the SEE region consists of Romania, Bulgaria, Greece, Turkey and Israel.
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Source of picture: http://commons.wikimedia.org/wiki/Main_Page
Oil and Gas
Gas findings in Israel
The gas findings in Israel have made headlines. By many they are viewed as the “next-big-thing” in the field of energy
supply. Due to these large-scale gas discoveries in the waters of Israel, the gas sector is in significant growth and the
development in discoveries adds to the need for new technologies to help build a new gas sector in Israel.
With the announcement in 2009 on “Tamar” as a commercial discovery, and additional significant quantity of gas
which was discovered in the reservoir “Leviathan” the perception of “geology” risk of exploring natural gas in the
Mediterranean Sea, was changed. The change has created new opportunities for the offshore companies and re-
search environments in Denmark. Against this background the Embassy will organize a trip for all interested parties
to come to Israel and meet with all stakeholders. The trip will take place in the autumn of 2014.
For further information, please contact: The Royal Danish Embassy, Tel Aviv Commercial Section Lasse Holm Grønning – Commercial Advisor Phone: +972 54 470 40 66 / e-mail: [email protected]
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Source of pic-ture: Ms. Elitsa Panayotova, Executive Director of Sofia Tech Park
ICT Industry
Sofia Tech Park: Driving Innovation Engine for Bulgaria
A new science and technology park, focusing on ICT, Life Sciences and Biotech will be constructed in the heart of Sofia
by 2015. EUR 50 m. investment in hard infrastructure and soft measures comes from ERDF and national funding.
The new Science and Technology Park will be located in the heart of Sofia in close proximity to top
universities, research institutes and private business. The primary infrastructure of the park will
consist of 11 scientific laboratories, business incubator for start-up companies, innovation forum
and Experimentarium – kids’ area for applied science. The main goal of the project is to become a
regional hub where business and science, ideas and mentors, start-ups and multinationals collide
to create innovation. Public areas, like green parks, exhibition areas and a visitor centre, will be
developed as well to serve as an inspiration to entrepreneurs and scientists for their projects.
The main idea of the project is to gather main initiators and participators of the innovative process
to communicate and possibly co-operate and create value, to enhance the technology transfer
between Universities and the business, to serve as a platform for the support of start-ups and ideas, to help the de-
velopment of a knowledge-based economy in Bulgaria. Sofia Tech Park has signed memorandums for collaboration
with the Bulgarian Academy of Sciences, Sofia Technical University, Sofia University St. Kliment Ohridski, the Medical
University in Sofia and the University of National and World Economy. More collaborators are expected to join this
group. Similar to the other tech parks around the world, this project is expected to become a facilitator for informal
and formal exchange of ideas and thus lead to a substantial improvement not only in the quantity but also in the
quality of innovations. Moreover, Sofia Tech Park will serve as an Innovation Centre assisting newly-created compa-
nies with further knowledge about legislation, patents, promotion of products and services and will become driving
engine for Bulgaria, attracting top international education programs, multinationals and scientific research.
Sofia Tech Park is also actively seeking cooperation with foreign institutions with similar occupation. Recently, the
management of Sofia Tech Park joined a large academic delegation from VUZF University (top business school in
Sofia) on a visit to Copenhagen, Denmark. Members of the delegation, including the Chairman and the Executive
Director of Sofia Tech Park delivered presentations during the annual event on “Co-Creating Social Entrepreneurship
for Growth”, which was held on 2-3 April at the Copenhagen Business School, presenting the Bulgarian view-point on
the topic. The main focuses of the event were Bulgaria, Brazil, Denmark and India. Representatives from Sofia Tech
Park and VUZF University also visited the Copenhagen Science and Technology Park and discussed possible options
for mutual support and exchange of know-how and good practice for future development. Bulgaria has good per-
spectives in providing fertile business environment for innovation and is already becoming an Innovation Hub in
Eastern Europe not only because of highly educated human capital, but also due to the nurturing of entrepreneurs,
looking for risk capital from Bulgaria and abroad to fund their innovative ideas.
For further information, please contact: The Royal Danish Embassy, Sofia Commercial Section Tom Barthel Hansen – Head of Commercial Section Phone: +359 2 917 01 00 / e-mail: [email protected]
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Source of picture: Danish Embassy of Romania
Agriculture
Private investors are now able to own fertile farmland in Romania
Before the 1st of January 2014 it was only legal for foreigners to buy Romanian farmland if they had a Romanian
company. But from the turn of the year foreign citizens have been granted the right to purchase Romanian farmland
directly and as a private investor.
A large number of foreigners have already exploited Romanians fertile land, cheap labor force and cheap price per
hectare land. In fact 3 million hectares of farmland, equaling a third of Romanian’s fertile land, is owned by non-
Romanians. It is especially Danes, Italians and Germans who buy Romanian land to make well-established farming
units and it is possible to make great profit on the Romanian market. The Romanian market is undersupplied of dif-
ferent kinds of agricultural products which cause high sales prices. The market balances in Romania is not expected
to change preliminary. It is therefore not a bad business to buy Romanian farmland these days, and everything
points towards that the number of foreign buyers in Romania will increase in the future after the new legislation.
After the reforms in Romania in year 1991 land was given back to the people, who originally owned it. These people
were never asked if they needed the land for farming. Therefor there is a great sell out of farming land in Romanian,
and a great amount of land can be bought very cheap. Compared to most European countries, the price of Romanian
farmland is 4-5 times lower. The average price is around 2,500 Euros per hectare in Romania. Most foreign farmers
buy the fertile Romanian land, especially in the Western part of Romania, but also in the Southern part in area of
Calarasi, Braila and Ialomita, where the prices are higher than the average. Farmland in the northern Transylvania
and in the Moldova-region could be a good option too. 10 million hectares of farmland is in use at the moment in
Romania, but in fact Romania have around 14 million hectares which can be used for farmland.
For further information, please contact: The Royal Danish Embassy, Bucharest Commercial Section Razvan Stroe – Senior Commercial Officer Phone: +40 (21) 300 0800 / e-mail: [email protected]
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Source of picture: The Royal Danish Embassy, Bucharest - AGRARIA International Trade Fair
Bucharest: 11 Danish companies organized in a joint delegation at the AGRAR-
IA agriculture fair in Romania
The Danish ambassador of Romania, Michael Sternberg, held a speech at the official opening at the 2014-edition of
AGRARIA International Trade Fair For Agriculture, Food Industry and Animal husbandry, which was held between 24th
– 27th of April 2014 in Cluj-Napoca, Romania.
“Investments in the Romanian agricultural sector have a high focus in a Danish perspective. Many Danish farmers
and Danish companies affiliated with the agricultural sector have established themselves in Romania. Approximately
1.5 % of the arable lands in Romania are tilled by Danish farmers. And the number is still growing” the Danish am-
bassador to Romania, Michael Sternberg, said in his Speech. Besides of that the Danish ambassador to Romania,
Michael Sternberg, welcomed further illustration of the widening and deepening Danish-Romanian relations in the
field of agriculture as it will contribute to expanding and deepening the cooperation in the agricultural sector at large
and in the horticulture sub-sector in particular.
AGRARIA Romania is an agricultural fair, which is devoted to the farming industry of Romania. The event has been
organized in Cluj-Napoca since 1995, and it has become the second largest agricultural fair in Romania and the most
representative for Transylvania. The fair provides a platform for leading industries in the farming sector to interact
with traditional customers.
The Royal Danish Embassy and SustainHort have organised a Danish Joint Delegation under a Joint Stand with 11
Danish companies: SustainAgri, SustainHort, Inter alia Senmatic, CN Maskinfabrik, Kold College, FGM, Enopsol, JMS
Management, Dangardin, Hortiadvice Scandinavia and Danvan. These companies can offer state of the art technolo-
gy and know-how, with special focus on horticulture and, not least, financing. The Royal Danish Embassy is very in-
volved working with the Danish Agriculture business in Romania. AGRARIA Romania is just one of the many events,
fairs and conferences which the Danish embassy is part of.
For further information, please contact: The Royal Danish Embassy, Bucharest Commercial Section Razvan Stroe - Senior Commercial Officer Phone: +40 (21) 300 0800 / e-mail: [email protected]
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Source of picture: www.posidonia-events.com
Maritime
Greek Shipping and Posidonia 2014
Despite the low rates caused by the global economic crisis and an oversupply of vessels, Greek shipping has managed
to overcome the obstacles and is indeed still alive.
Greece has the largest commercial fleet in the world and shipping is of great importance to the country’s economy in
terms of both jobs and economic activity. Greek ship-owners are investing in new buildings again, which is an indica-
tion of the positive sentiment in the market. Nobody says it out loud yet, but the sector is on the rise again.
Also investments in retrofit take place. Thus the Greek ship-owners are investing in energy optimization of their
fleets in order to generate savings through the reduction in fuel consumption. Some companies have established a
separate section within their technical department overlooking the energy consumption of their vessels and with the
explicit task to propose and implement energy saving projects.
Every other year Greece hosts the Posidonia Exhibition, one of the biggest events in the world within the shipping
industry. Almost 1,900 exhibitors from 85 countries and over 18,500 visitors from 92 countries participated in the
latest Posidonia Exhibition in 2012. This major gathering provides unique access to Greek and international ship-
owners and –buyers. The fact that several exhibitors have participated in the event since it was first launched 40
years ago underlines the value creation for the participating companies and thereby the success of the event.
A unique feature of Posidonia is the extensive programme of conferences and seminars organized in connection with
the exhibition. This creates an extensive opportunity for companies and stakeholders to share knowledge, initiate
business deals and establish networks across borders.
This year’s Posidonia will be held on 2-6 June in the Metropolitan Expo in Athens. Also this year the Danish Marine
Group will participate in the exhibition with a joint Danish stand. For further information about Greek shipping and
Posidonia, please contact the Embassy.
For further information, please contact: The Royal Danish Embassy, Athens Commercial Section Ida Enemark - Commercial attaché Phone: +30 210 72 56 455 / e-mail: [email protected]
7
Climate and Energy
Danish Green Growth Network is now going online The successful launching of the Danish Green Growth Network (DGGN) on the 25th of September 2013 continues to grow very fast. The Danish Green Growth has established a new website where news, upcoming events etc. will be shared with you. Danish Green Growth Network in Turkey is a platform for mutual dialog and communication amongst the Danish
companies and Turkish stakeholders focusing on clean-tech sector. On 25th of September 2013, the former H.E. Min-
ister for Trade and European Affairs, Nick Haekkerup, successfully launched the Danish Green Growth Network. The
overall vision and mission of the Danish Green Growth network is to contribute to commercial relationships and the
business and investment environment between Turkey and Denmark by representing its members with a coordinat-
ed voice to the relevant stakeholders in the energy and environment sector through public affairs, networking, busi-
ness development and knowledge sharing activities.
The second issue of the Danish Green Growth Network Newsletter has recently been published with lots of interest-ing news and articles from the member companies and stakeholders within the clean-tech sector. You can also fol-low us on DGGN group on LinkedIn or visit the website on: www.danishgreengrowthnetwork.com
Our existing and strategic members/partner; CC Jensen Greece, Danfoss HVAC, Danfoss Solar Inverters – Zenit En-ergy, EnergyXX Solar Inverters, Grontmij Turkey, Henning Larsen Ar-chitects Turkey, Mil-tek, Scanheat A/S, VELUX Turkey, ÇEDBİK, EKF, LI-DER, State of Green. We are also pleased to welcome our new members/partners; AVK, Vestas, EMBARQ Turkey and TUREB (Turkish Wind Industry Association) For further information about the Danish Green Growth Network, please contact us.
For further information, please contact: The Royal Danish Consulate General, Istanbul Commercial Section Itir Öner Filippucci – Trade Manager, Energy and Environment Phone: +90 212 359 1914 / e-mail: [email protected]
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Source of picture: The Royal Danish Embassy
Investments/Opportunities
The Romanian Tiger
The Romanian economy has improved during the recent years, and Financial Times is now associating the Romanian
growth with the Asian tiger economies. And when you look at the Romanian’s national growth you can understand
these associations.
The National Institute of Statistics in Ro-
mania made an estimate in February
2014 saying that the Romanian economy
grew by 5,2% year-on-year in the final
quarter of 2013. This means that the Real
GDP growth has come out at 3,5%. The
Romanian Economy is therefore one of
the fastest in Europe. (Financial Times)
Furthermore the inflation rate is project-
ed to decelerate from 3,2% in 2013 to
2,4% in 2014 because of the falling food
prices. The inflation had been a serious concern, but in January 2014 the inflation fell to an all-time low of 1, 1%.
(European Economic Forecast 2014, European Commission)
Romania’s biggest bank, BCR, recently made a research saying that is especially was the domestic demand, which
had a positive contribution to Romania’s Economy. And Romania’s performance gives reasons to be optimistic. In
the transport and logistic sector you see great results the recent years, as well as in the field on energy, especially on
green energy you will find high speed which leads to great improvements and investments. Other sectors where
there are very good business perspectives are in agriculture, food, pharma, and industrial machinery.
For further information, please contact: The Royal Danish Embassy, Bucharest Commercial Section Razvan Stroe - Senior Commercial Officer Phone: +40 (21) 300 0800 / e-mail: [email protected]
9
Source of picture: The Royal Danish Embassy, Sofia
Three sectors pull Bulgaria out of the crisis
There are several sectors that are the main drivers of pushing the crisis, and if they are smartly nurtured, it may lead
the economy to a quick and smart growth.
There are several sectors that are the main drivers of pushing
away the crisis and if they are smartly nurtured may lead the
economy to a quick and smart growth. According to a report
of the World Bank, one of these sectors is the food (with larg-
est income taken by the meat, fruit and vegetables and or-
ganic products) and the other one is industry, which holds the
largest share in terms of employment. Bulgaria has tradition-
ally been strong in the export of wine, chicken, fresh cheese
and bakery products.
According to the report in the industrial cluster there are more
than 7,000 companies, employing around 115 000 people. The
total revenue was BGN 4.059 billion. Analysis shows the advantages are: high standards of quality, well-developed
network of transportation and distribution, access to European markets, a traditional presence in Russia and cheap
labour. However, there are some obstacles to the further development of the sector and these include: the old
equipment and lack of connection with research centers. Industry, in general, is focused entirely on exports - 15% of
the total export while 50% of them are going to Germany and Italy. The sector is dominated by small players and this
hinders the development of larger projects and the entry of markets with high value added.
The other growing sector is the pharmaceutical one. Despite being one of the smallest in the EU market, it reached
BGN 2,098 billion in 2013(2.45% of GDP), and all projections are that this market will grow by about 9.1% this year.
A major advantage according to the experts is the strong traditions and geographical proximity to markets in the
Middle East but the obstacles were many, including heavy regulations.
Last but not least is the high tech sector. Since 2006, it grew by 14% per year and the profits have increased accord-
ingly to about 83% of exports of goods and services. Currently this sector accounts for 47% of total exports of busi-
ness services and it is estimated that the average value created by an employee was BGN 45 700 for 2013.
The analyzed data for 2013 shows that among the sectors with the highest growth are the agricultural sector by
2.1%, ICT with 5.5% , financial and insurance sector with 4% and the real estate with 1%. In conclusion all of this data
shows that Bulgaria succeeds in stabilizing the environment and building up good reputation for the investors in the
sectors.
For further information, please contact: The Royal Danish Embassy, Sofia Commercial Section Tom Barthel Hansen – Head of Commercial Section Phone: +359 2 917 01 00 / e-mail: [email protected]
10
Invitation to Cyber Security Seminar in Israel
Participate in a Danish-Israel cyber security innovation seminar in Tel Aviv 15. – 16th September 2014.
The aim is to match Danish researchers and companies with Israeli experts in order to create networks and pave the
way for joint applications for Horizon 2020 and the Eurostars.
Why Israel?
Israel is probably the country in the world that has the most specialized knowledge on cyber security. Government
serves as a living laboratory for the development of computer security tools. As a result, there are 150 national as
well as multinational cyber security companies situated in Israel. They number for example Intel, Microsoft, Google
and many more have R & D centers in Israel.
Preliminary program;
Day 1: Visit the international cyber security conference at Tel Aviv University. The focus is on the interaction be-
tween science, technology and safety. We are working on organizing a matchmaking session and opportunities to
receive funding from the EU's research program.
Day 2: Visit to the high-tech park in Beer Sheva, which is located next to the Ben Gurion University. The park is a
cyber-security hub and holds both Israeli and international companies' R & D departments such as: Oracle Israel, IBM
and Cisco. In addition to the visit, there will be matchmaking activities.
It's free to join, and the embassy will take care of practical matters. Are you interested in learning more; you are
always welcome to contact us.
For further information, please contact: The Royal Danish Embassy, Tel Aviv Commercial Section Lasse Holm Grønning – Commercial Advisor Phone: +972 54 470 40 66 / e-mail: [email protected]
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Invitation to workshop: “Denmark & Turkey, wind energy sector”
Wind is an emerging market in Turkey with 3,000 MW installed capacity (as of January 2014) with a target of 20,000
MW in 2023. Looking at the major needs in the dynamic wind energy sector of Turkey, we see cooperation areas
within Innovation, Human Resources and Education between Turkey and Denmark. Keeping that in mind, The Trade
Council Turkey and The Danish Ministry of Higher Education and Science are pleased to invite you to a one day work-
shop on 4th of November 2014.
On 4th of November 2014, The Trade Council Turkey and The Danish Ministry of Higher Education and Science will in
connection with the Turkish Wind Congress, that will be held on 5 – 6th of November, organize a one day workshop
with the title; “Denmark & Turkey: Partners for Innovation, Human Resource and Education in the wind energy sec-
tor”.
The areas that will be highlighted during the workshop is human resource and education in training of the manpow-
er in wind projects/training of white collar employees, technology transfer and related certifications for sub-
products of wind technology and research centers, training and education programmes at Turkish universities focus-
ing mainly on wind. The workshop is aimed to target high level public and private decision makers, universities, re-
search institutions and training academies from Denmark.
The registration process for the workshop has already started, and if you are interested in learning more, please
contact the energy team, The Trade Council in Istanbul.
For further information, please contact: The Royal Danish Consulate General, Istanbul Commercial Section Seda Kayrak – Team Leader, Energy and Environment Phone: +90 212 359 1912 / e-mail: [email protected]
12
Source of picture: www.cphpost.dk
Turkish President Abdullah Gül’s State Visit to Denmark
The official state visit to Denmark will improve the relationship between Turkey and Denmark in many fields. Den-
mark and Turkey has signed a contract for further cooperation in the future.
The red carpet was rolled out for the Turkish President Abdullah Gül on March 17 – 19 March 2014 welcomed by
Queen of Denmark Margrethe II and the whole Royal Family. President Abdullah Gül, Finance Minister Mehmet
Şimşek and TOBB, honoured the visit together with DEIK (Danish Economic Relations Board) Chairman M. Rıfat
Hisarciklioğlu accompanied with a delegation of ministers, business representatives, media and other official high-
ranked stakeholders.
Bilateral, political and commercial relations were on the agenda as well as Turkey’s accession negotiations with the
EU. Furthermore, a number of foreign policy issues were discussed during the visit, but the overall aim of the visit
was mainly to strengthen already existing trade relations and
develop new ones between Denmark and Turkey.
The visit, which was coordinated by The Union of Chambers and
Commodity Exchanges of Turkey (TOBB) and The Danish Confed-
eration of Industries (DI), had primary focus on 3 different sec-
tors, Green Energy Technology, Food & Agriculture Technologies
and Food & Healthcare. The sectors are also stated in the con-
tract for further improvement.
A visit to House of Green is supporting the fact that Turkey is a growing market with a well-educated, large popula-
tion and an impressive growth rates everywhere, but especially in the energy and environment sector. The sector is
expected a doubling demand of energy and energy imports – approx. 75% of total energy consumption, which is a
sector where Denmark has recognized strengths and also willing to support.
For further information, please contact: The Royal Danish Consulate General, Istanbul Commercial Section Seda Kayrak – Team Leader, Energy and Environment Phone: +90 212 359 1912 / e-mail: [email protected]
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Source of picture: The Danish Embassy in Athens, picture from HO.RE.CA. 2014
HO.RE.CA. in Greece
HO.RE.CA. is an international exhibition held every year in Athens. Ever since it was first launched in Greece 8 years
ago, it has expanded in size and it is considered the fastest growing trade show in Greece.
HO.RE.CA. is an international exhibition held every year in Athens. Ever since it was first launched in Greece 8 years
ago it has expanded in size and it is considered the fastest growing trade show in Greece. The number of exhibitors
has increased from 146 in 2006 to 525 in 2014 of which 35 were foreign companies. The exhibition covers an area of
45,000 square meters.
HO.RE.CA. addresses all professionals within the hotel, restaurant and café industry and all sorts of categories like
food, beverages, furniture, kitchen appliances, hotel equipment etc. are represented at the event. Tourism is an
important and increasing pillar of the Greek economy which undoubtedly contributes to the success of HO.RE.CA.
135,000 people representing 40,000 companies visited this year’s exhibition. The exhibitors were very satisfied with
their participation and according to a survey conducted by the organizers more than 80 % have expressed interest in
participating in the next HO.RE.CA exhibition. Some 95% of the exhibitors have reported that they expect to enter
new agreements based on their participation in the exhibition within the next few months.
In order to make it more profitable for exhibitors to participate in HO.RE.CA, the organizers consider it of great im-
portance to allow only visitors with a professional interest.
Danish companies within the hospitality and food service sector might find HO.RE.CA. an interesting platform where
products can be promoted and new business clients in the Greek market can be identified.
The Danish Embassy in Athens is considering the possibility of a joint Danish stand at the next HO.RE.CA. exhibition,
which will take place on 6-9 February 2015. Interested Danish companies are welcome to contact the Embassy for
more information.
For further information, please contact: The Royal Danish Embassy, Athens Commercial Section Ida Enemark - Commercial attaché Phone: +30 210 72 56 455 / e-mail: [email protected]
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SAVE THE DATE Events, Exhibitions and Others
Bulgaria
Bulcontrola
Date: 28 – 30 May 2014
Location: Inter Expo Center - IEC Sofia, Bulgaria
Web: http://www.bulcontrola.com/en1
Description: Bulcontrola is an international exhibition with congress for automation, measurement and control
technology at Inter Expo Center in Sofia. It presents devices and systems concerning the optimization
and control of production and management processes in many industrial fields and thus a meeting
venue for engineers, technicians and scientific workers. Bulcontrola is held in conjunction with
Expoenergy and Water Sofia.
Water Sofia
Date: 28 – 30 May 2014
Location: Inter Expo Center – IEC, Sofia
Web: http://www.fair.bg/en/events/chmical_industry_13en.htm
Description: The aim of the International Specialized Exhibition WATER SOFIA 2014 is
to present new and effective technologies for water procurement, puri-
fication of drinking and waste waters, water supply, analyses, regulation
and control of water sources, modern equipment and devices for the
water branch.
BATA Agro
Date: 2 – 5 April 2014
Location: Airport, Stara Zagora
Web: http://www.tradefairdates.com/Bata-Agro-M12355/Stara-Zagora.html
Description: Bata Agro in Stara Zagora is an international trade fair for agriculture and covers all areas of agricul-
ture. It is an important event for marketing technologies, the agricultural industry and offers a com-
prehensive range of agricultural machinery and the latest scientific and technical development for pro-
fessional farmers and visitors from agriculture. It provides the ideal platform to new contacts in the
15
industry to network. International exhibitors from all over the world show here numerous stands of
the latest developments, products, services and technologies. The visitors can get in depth and com-
prehensive information here in a pleasant environment on the different areas.
For further information, please contact: The Royal Danish Embassy, Sofia Commercial Section Tom Barthel Hansen – Head of Commercial Section Phone: +359 2 917 01 00 / e-mail: [email protected]
16
Greece
Medwood
Date: 8 – 11 May 2014
Location: Metropolitan Expo, Athens
Web: www.medwood.gr/index.php?lang_id=1
Description: Medwood is an international fair exhibition of tools and equipment, semi-finished product compo-
nents, accessories and woodworking machinery for the furniture industry. Medwood is dynamically
focused on the domestic as well as the international market.
Domicatec
Date: 8 – 11 May 2014
Location: Metropolitan Expo, Athens
Web: www.horecaexpo.gr/?lang=en
Description: Domicatec is a unique exhibition related to the building & construction sector. Companies exhibit
within the areas of insulation, solar systems, tools, wall and floor planning, prefabricated homes,
bathroom fixtures and many more.
Posidonia
Date: 2 – 6 June 2014
Location: Metropolitan Expo, Athens
Web: www.posidonia-events.com
Description: Posidonia is an International shipping exhibition. It is a perfect platform for shipbuilders and suppliers
of ships, equipment and shipping-related services to do business and meet new and current partners
from around the world.
For further information, please contact: The Royal Danish Embassy, Athens Commercial Section Ida Enemark - Commercial attaché Phone: +30 210 72 56 455 / e-mail: [email protected]
17
Israel
IATI-BioMed 2014
Date: 20 – 22 May 2014
Location: Fairgrounds, Tel Aviv/Israel
Web: http://biomed.kenes.com/
Description: IATI-BioMed 2014 is an international exhibition and conference focusing on medical equipment, bio-
technology and bio-medicine. In 2013 the event drew 7,000 industry players, engineers and scientists,
with 1,500 participants from 45 countries and more than 4,500 one-on-one meetings. The Danish Em-
bassy in Tel Aviv is organizing a joint Danish Pavilion at this fair. The Embassy is planning to arrange a
b2b matchmaking event, where it will possible for the participating Danish companies to meet poten-
tial partners from all over the world.
For further information, please contact
The Royal Danish Embassy, Tel Aviv
Commercial Section Lasse Holm Grønning - Commercial Adviser Phone: +972 (3) 608 5871 / e-mail: [email protected]
18
Turkey
4th Turkey Private Equity & Venture Capital Summit
Date: 12th June 2014
Location: Istanbul Expo Center, Istanbul/Turkey
Web: http://www.eelevents.co.uk/turkey_privateequity_vc_2014/media-partners/
Description: From the success of the 2013, PPP in Turkey Forum (Public Private Partnership) Building on
the success of our regional and London-based Investment and Infrastructure forums on Turkey, the
2014 summit will provide a specialist arena for international and domestic investors and market
stakeholders to meet and discuss the future of the Turkish Private Equity and Venture Capital market.
The panel of speakers will include regional and international experts, able to offer best practice solu-
tions to the specific challenges facing future growth in this expanding market. More details regarding
the agenda will be published in the next newsletter. For members only: Get 20% discount by using
the code “DK20” on registration
Please contact the organizer directly:
Business Development Centre, Central Denmark Ersin Kara – Project Coordinator, Europe & Turkey Phone: +44 207 275 8020 E-mail: [email protected]
RENSEF – Renewable Energy Systems and Energy Efficiency Exhibition
Date: October 30th – November 2nd 2014
Location: Cam Piramit, Antalya/Turkey
Web: http://www.rensef.org/EN/
Description: The 2nd RENSEF Renewable Energy Systems and Energy Efficiency invite everyone willing to promote
their products, services and projects to the energy investors to purchase a space in our exhibition. Last
year RENSEF brought 52 institutions/companies and almost 2000 investors, tourism industry stake
holders, architects, engineers and anyone interested in the related fields together.
Moreover even it is said that Antalya may be the capital city of Solar Energy in Europe.
19
TÜREB – Turkish Wind Energy Congress
Date: 5 – 6 November 2014
Location: Istanbul Expo Center, Istanbul/Turkey
Web: http://www.tureb.com.tr/en/
Description: TWECis the first international congress related with Wind Energy in Turkey. Domestic and foreign
guests and universities will participate and it can be a great chance to meet colleagues and experts,
renew the friendships and update the relevant research data along with the sectorial applications.
Turkey’s ambitious vision for 2023, the centennial foundation of the Republic, envisages also grandi-
ose targets for the energy sector in Turkey and there are big opportunities and potential in this sector.
RAILWAY ISTANBUL – Railway technologies, Rail Systems and Mass
Date: 4 – 7 December 2014
Location: CNR Expo Center, Istanbul/Turkey
Web: http://www.cnrrailwayistanbul.com/en_Anasayfa.aspx
Description: $45 Billion railway investment brings global investors to Istanbul Expo Center. This fair is the most
important railway technologies and systems fair of the region.
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RENEWABLE ENERGY – Renewable and Sustainable Energy Technologies and Solutions
Date: 5 – 8 December 2014
Location: CNR Expo Center, Istanbul/Turkey
Web: http://www.yenilenebilirenerjifuari.com/en_anasayfa.aspx
Description: Renewable energy investments are increasing every day. Investments to solar energy have risen to
257 billion USD. Renewable energy enables households in the rural areas to reach electricity. Visit the
fair to meet potential partners all over the world and to a make a brighter life with minimum energy.
For further information, please contact:
The Royal Danish Consulate General, Istanbul Commercial Section Seda Kayrak – Team Leader Phone: +90 212 359 1912 / e-mail: [email protected]
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Key Economic Figures for the TC SEE Region – 2013
SOUTH EAST EUROPE
Bulgaria Greece Israel Romania Turkey
Area (km²) 110,910 131,957 20,770 238,391 785,347,00
Population 7,305,000 10,815,197 7,707,042 21,790,479 76,000,000
Age Structure (demographics)* 41.4 years 42.8 years 29.8 years 39.4 years 30.1 years
Currency Bulgarian Lev
(BGN) Euro
(EUR) New Israili
Shekel (ILS) Romanian New
Leu (RON) Turkish Lira
(TRY)
Exchange Rates** 381,48 746,09 156,43 164,55 250,83
Inflation 2.4% 1.5% 1.7% 4.6% 6.2%
GDP/Capita (EUR) 5,174 18,405 24,010 7,084 7,660
GDP – Growth Rate 0.8% -6.4% 3.1% 2.6% 5.0%
Corporate Tax Rates 10% 26% 25% 16% 20%
Minimum Wage (EUR)***
148.28
Under 25 years: 510.95
Over 25 years: 586.08 897.29 179.53 366.30
Exports (EUR) 20,83 mill 27,56 mill 44,98 bn 49,50 bn 111,56 bn
Imports (EUR) 24,42 mill 49,25 mill 57,27 bn 53,47 bn 172,82 bn Source: All figures are estimates from below mentioned websites.
* Demographics: Bulgaria: 0-14: 13.5% 15-64: 67.6% 65+ 18.9% Greece: 0-14: 14.2% 15-64: 66.0% 65+ 19.8% Israel: 0-14: 27.3% 15-64: 62.2% 65+ 10.5% Romania: 0-14: 14.8% 15-64: 70.4% 65+ 14.8% Turkey: 0-14: 24.9% 15-64: 67.6% 65+ 7.5% ** Denmark’s National Bank, January 9th 2014 *** Note: Due to the specific market conditions, caused by the economic crisis, wages of labour can occasionally be up to 30% lower. Investment Incentives Bulgaria: http://www.investbg.government.bg/en Greece: http://www.investingreece.gov.gr/ Israel: https://www.cia.gov/library/publications/the-world-factbook/geos/is.html Romania: http://www.ajutordestat.ro/?pag=1&limba=en%20 http://www.fonduri-ue.ro/ Turkey: http://www.invest.gov.tr/en-US/investmentguide/investorsguide/Pages/Incentives.aspx
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About Us
For more country specific information and contact information, please refer to the specific web-
sites:
Bulgaria
Danish Embassy – Sofia
http://www.bulgarien.um.dk
Greece
Danish Embassy - Athens
http://www.graekenland.um.dk
Israel
Danish Embassy – Tel Aviv
http://www.israel.um.dk
Romania
Danish Embassy - Bucharest
http://www.rumaenien.um.dk
Turkey
The Trade Council, Royal Danish Consulate General – Istanbul
http://www.tyrkiet.um.dk/en/the-trade-council
Danish Embassy – Ankara
http://www.tyrkiet.um.dk
