Annual Financial Report 2019 of Bulgarian-Nordic Chamber of Commerce

You can view the Annual Financial Report of Bulgarian-Nordic Chamber of Commerce for year 2019 here.

Northern Lights Film Festival 2015

For a consecutive year Pozor Company organize "Northern Lights" Film Festival with focus on Scandinavian cinema. More information and the film program for 2015 (24 Sep - 1 Oct) you may find on

Truck Show 2015

Please be invitated from our member Scania Bulgaria to the interesting competition Truck Show 2015 which will take place: When: June, 4-5 Where: Lesnovo Airport, Elin Pelin Municipality

Scania Driver Competition

Please be invited to an interesting event organized by Scania Bulgaria – the final of Scania Driver Competition. The completion is held in every EU country with Scania representation. The basic skills that will be tested during the race are safe, efficient and master driving.
The event will take place on Saturday, March, 28th
Time: 10:00 am
Venue: parking area between IKEA and Sofia Ring Mall
Enclosed you will find a kind invitation from Scania Bulgaria. The invitation serves as a catering ticket as well!

Northern Lights Film Festival 2014

Every year Pozor Company is organizing the "Northern Lights" Film Festival with focus on Scandinavian and Pribaltic cinema. The main purpose of the company is to cover a wider audience in Bulgaria, acquainted with independent and non-commercial movies, which cannot be seen in mainstream cinema theatres. More information and the film program for 2014 (3-11 Dec.) you may find on


The second edition of the Sofia International Literary Festival will be with a focus on the Scandinavian literature. The event will be held from 9th to 14th of December with an extensive program that includes representation of 12 authors from 5 countries - Denmark, Norway, Iceland, Sweden, Finland; lectures and discussions, organized jointly by the Department of Scandinavian Studies at Sofia University "Sv. Kl. Ohridski "; screening program, implemented in partnership with the "Northern Lights" Film Festival; special panel for crime fiction; exhibition of cover, illustrations and photographs; varied children's program; evenings of poetry and music.

Fourth International Festival and International Competition for Young Violinists "Emil Kamilarov"

For the fourth consecutive year the International Music Festival “Prof. Emil Kamilarov” and Competition for young violinists will be held in Sofia from 22 to 31st October 2014 in the Military Club.

The latest eco technologies will be presented at the Exhibition & Forum for South-East Europe 2014

Energy Efficiency, Renewable Energy, Smart Cities & Waste Management

Exhibition & Forum for South-East Europe, 5-7 March 2014, Sofia, Bulgaria.

The event will enhance the key role of the innovative technologies which could provide a long-term sustainable development of the Region as well as encourage the foreign investments in local economics through new projects, policies and practices. It will gather prominent local and international suppliers and buyers and also industry professionals from both private and public sectors.
The event format includes the following initiatives: ‘Energy Efficiency & Renewables’, ‘Smart Cities’ (intelligent buildings, energy storage, mobility & ICT), LiftBalkans (elevators) and ‘Save the Planet’ (waste management & recycling).
The Exhibition
Austria is again a supporting country due to its remarkable achievements which will be demonstrated at the traditional Austrian Pavilion.
Leading companies from Austria, Bulgaria, China, Czech Republic, Denmark, Germany, Italy, Poland, Romania, Slovenia, Sweden, Switzerland and the Netherlands will showcase their latest products and innovations.

This year the accent will be put on the energy-efficient products, hydro- and bioenergy and biomass. The demand for separating, baling, recycling and composting has been increased and many international companies will enter the regional market.
Taking into consideration the growing energy and resource consumption, the necessity of ICT application, participatory approach for energy production, distribution and use comes to the fore. Intelligent solutions for energy storage, building automation, mobility, telemetry and telematics will attract the visitor interest.

EREMA, IFE Aufbereitungstechnik, Untha Shredding Technology, Vecoplan, Herbold Meckesheim, Tecnova, Apricus Solar, Global Hydro Energy, CPM Europe and Leader Light are among the exhibitors.

New generation high-efficiency heat pumps will be presented by Omnia Contractors and Termopompeni Sistemi.

Hitachi Zosen Inova, Ebios Energy and Weiss will demonstrate their competence, broad know-how and international experience in the waste-to-energy industry.

The Conference Highlights – Early Bird Fees till 7th February
● EU Waste Management Day, in partnership with ACR+ & ENEP, will provide all participants with key information on market entry and draw in expertise from across the European Union. An accent will be also put on the Cohesion Policy 2014-2020 in SE Europe which will have a significant impact on the speed of waste management sector.
● Waste-to-Energy Workshop, in collaboration with WtERT Greece, will present Global and Local Perspectives for New Waste-to-Energy Projects & Waste-to-Energy for Sustainable Economic and Social Development.
● District Heating and Cooling in Europe, organized by Euroheat & Power. Speakers will acquaint attendees with ‘Heat Roadmap Europe’, the role of renewables in DHC, energy efficiency measures, etc.
● European Innovation Partnership on Smart Cities and Communities, Renovation and nZEBs Strategies, Smart Grids and Mobility.

170th birth anniversary of Norwegian composer Edvard Grieg

The Royal Norwegian Embassy in Sofia has the pleasure to invite you to a concert commemorating the 170th birth anniversary of Norwegian composer Edvard Grieg (1843 - 1907).
The concert will take place on the 16th of October at 19.00 in the Central Military Club in Sofia (7 Tsar Osvoboditel Blvd.) The entry is free.
The concert programme includes works by Grieg performed by the “Sofia Soloists” Chamber Orchestra conducted by Prof. Plamen Dzhourov, as well as the soloists Emiliya Kircheva (soprano), Galya Pavlova (mezzosoprano) and Mario Hristov (baritone).

The 5th Northern Lights Film Festival - 26 Sept - 6 Oct

The festival has already become a tradition and an important event on the cultural calendar of Sofia. This year the organizers from Pozor Ltd. in cooperation with the embassies of the Nordic and Baltic countries have the ambition to present the latest works of filmmakers from Denmark, Finland, Norway, Sweden, and Lithuania. Northern Lights Film Festival will be opened on 26 September and will continue until 6 October in the Cinema House, The Eurocinema and the Red House.
See the Program here.

Eco Forum & Exhibition on Energy Efficiency, Renewables, Smart Buildings, Lifts and Waste Management for South-East Europe - from 29th to 31st May 2013

The 2013 edition will include the following topics: Energy Efficiency and Renewable Energy, Waste Management and Recycling, Smart Buildings, Elevators and Escalators.

Read more at:

Nordic paper art

Dear friends, -
Welcome to the opening of the Nordic paper art exhibition within the Sofia Paper Art Fest 2013. 8th May 2013, 18.30, at Forum Art Center, 24 George Washington Str.

Nordic Chamber Music Concert on 20 March

Dear friends, Welcome to a Nordic chamber music concert on the occasion of the Nordic Day 2013.
The concert is organized by the Embassies of Denmark, Finland, Norway and Sweden on 20 March starting 19.00 in the Sofia City Art Gallery (1, Gurko Str.). Free entrance.

Northern Light Film Festival

Film Festival of the Nordic and Baltic cinema
20-30 September 2012, Sofia
Please visit the following website for the detailed film program:

"Miss Julie" by August Strindberg

10 June - Varna, Drama Theatre, Second Stage, 18.00h
12 June - Sofia, Theatre Sofia, Main Stage, 19.00h
MISS JULIE * by August Strindberg * directed and performed by Anna Petersson * produced by Strindberg’s Intima Theatre (
About the performance: „Miss Julie" is August Strindberg's masterpiece and his most performed play. In 2012 the world celebrates the oeuvre of Strindberg on the occasion of 100 years after his death.

Invitation from the Royal Norwegian Embassy for "New Norwegian Music" series of concerts

Dear friends of Norway,
The Royal Norwegian Embassy has the pleasure to invite you to a series of concerts under the title “New Norwegian Music” with composer Morten Gaathaug and the string quartet Strings Unlimited.
The ladies from Strings Unlimited play classical music and crossover music with elements of jazz, ragtime and pop. They have performed together with Richard Clayderman, A-ha and Sissel Kyrkjebø among others. They have had concerts all over the world and in Norway.
In Bulgaria, Strings Unlimited will play on the 8th of May at the Union of Bulgarian Composers, on the 9th of May at the Suborna Hall of the Music Academy in Plovid and on the 10th of May at the Hall of the Music Academy in Sofia.
The program comprises works by Norwegian composers Morten Gaathaug, Arne Nordheim, Alf Hurum, Edvard Grieg and others.
May 8th, 18.00 p.m., Filip Koutev Hall at the Union of Bulgarian Composers, 2 Ivan Vazov Str, Sofia
May 9th, 18.00 p.m., Suborna Hall at the Music Academy in Plovdiv, 39 Suborna Str, Plovdiv
May 10th, 19.00 p.m., the Concert Hall at the Music Academy in Sofia, 94 Evlogi and Hristo Georgievi Blvd, Sofia

South-East European Forum on Energy Efficiency and Renewable Energy, Waste Management & Recycling

28-30 March 2012, Sofia, Bulgaria
The event aim is to outline investment opportunities in South-East Europe and promote good environmental practices, the implementation of which will speed up the development of low carbon and sustainable economy in the Region.
The South-East European Forum incorporates Congress and Exhibition on Energy Efficiency and Renewable Energy, SEE Solar Exhibition and Conference and Exhibition on Waste Management, Recycling and Environment - "Save the Planet". The event will be one of the most significant meeting points for key industry players to exchange know-how and do business in this part of Europe. It will be supported by many international and local partners among them is the Bulgarian-Nordic Chamber of Commerce.
The Exhibitions
Over 300 leading companies from Austria, Bulgaria, China, Germany, Denmark, Poland, Spain, USA, etc. will present new solutions for energy efficient construction, solar PV and thermal -, bio-, wind-, hydro energy systems, waste treatment equipment, recycling systems, etc. More than 7000 professional visitors on a global scale are expected to get involved.
The Conference and Congress
High-level speakers from 20 countries will participate in the program of the parallel 3-day Forum. Hot topics like financing of EE&RE projects, energy efficiency, biomass resources, bioenergy, waste treatment technologies, recycling, energy and resource recovery will be included in the agenda. The attendees will have an opportunity to meet personally experts from Euroheat & Power, World Alliance for Decentralized Energy, International Solid Waste Association, European Network of Environmental Professionals, Confederation of EU Watse-to-Energy Plants, Association of Cities and Regions for Recycling and Sustainable Resource Management, etc.
The efficient event format and strong international participation will ensure more valuable contacts and fresh business ideas.

South-East European Conference & Exhibition on Waste Management & Recycling


South-East European Conference & Exhibition on Waste Management & Recycling
13-15 April 2011, Sofia, Bulgaria
Strategic Partner - the Netherlands
Focus Country - Austria
The Conference
Over 33 speakers from 20 countries. The program includes themes that are primarily oriented toward municipalities and investors: Policy Framework for Waste Prevention and Recycling, Waste Management, Advanced Waste Treatment Technologies, Landfill, Construction and Monitoring, Electrical Waste, Trends in Recycling Technologies, PV Recycling, Flat Glass Recycling, TV-Monitor Recycling, etc. A hot topic is ‘Waste-to-Energy’ session with 15 speakers from Austria, Canada, Germany, Japan, Poland, Serbia, Slovenia, Switzerland, UK and USA.
Early-Bird Registration till 13 March
The Exhibition
Exhibitors will display their solutions and services in the fields of waste management and recycling. There will be a group participation from Austria. Among the participants are Erema Engineering Recycling Machinen Anlagen, Sackl Anlagenbau, Strabag AG, Titech, Tecnova S.r.L., Recycling Bulgaria, .A.S.A. Bulgaria, Meva Bulgaria, etc.

7th South-East European Congress and Exhibition on Energy Efficiency and Renewable Energy Sources


13-15 April 2011, Sofia
34 speakers from 28 countries will participate. The main topics include: EE & Renewable Financing, Energy Efficiency and Decentralized Energy, RES Electricity & Smart Grid Platform. Special accent will be put on the Waste-to-Energy.
Early-Bird Registration till 13 March
Parallel Events
- ‘Low-Carbon Communities - Mayors Meet Opportunities’ - it is a free workshop for local and regional authorities organized by LG Action. It provides an update on local energy action in Central and Eastern Europe and presents the trends, opportunities and achievements of local governments to meet the vision of 100% renewable energy future by 2050.
- The First Business Forum ‘Solar Balkans 2011’ - it will show the opportunities for investment and production of solar devices and plants in the region of South-East Europe.
The Exhibition
There will be group participations from Austria, China, Finland, Germany, Poland, Slovenia, and the USA. Among the exhibitors are well known names: Fronius International, Phono Technologies Switzerland, Eurosol, Solea, Sun Energy Europe, Hyundai, KPV, juwi, Alex Solar, Solar Integrated Technologies, Solarzentrum Allgaeu, Gehrlicher Solar, QXSolar, Linuo Photovoltaic, Vestas, Enercon, Global Wind Power, Siemens, Franki Grundbau, PowerWind and many other Bulgarian companies.

Trade between Bulgaria and Nordic Countries in 2009

Total trade between Bulgaria and the Nordic countries during the last year has fallen down compared to the previous year. This relies with a slightly larger step for the goods directed northwards (from Bulgaria to the north) than southwards – respectively 147 mill EUR (a decrease by 16,5 %) and 1307 mill EUR (a decerase 2,8%). The good news is that numbers are quite below the yearly change of the total Bulgarian export and import which decreased respectively by 22,5% and 33,4% in 2009.
The 2009 value of the summed export from the Nordic countries to Bulgaria doubles the import from Bulgaria to the Nordic countries. This is a huge difference compared to the total trade balance of Bulgaria in 2009 revealing that the total import is with about 42% larger than the export.
The distribution among the Nordic countries shows that in 2009 the import from Bulgaria has fallen in all of the countries (between 20 and 40%) with the exception of Sweden which marks annual increase of 11,8% and respectively enlarges its share as a receiver of imported goods from Bulgaria (within the Nordic countries) from 37% to 50%. Sadly, the impressive increase of imported goods to both Norway and Denmark in 2008 was ice broken in 2009 and turned into a decrease of 37,1% and 20,8% respectively.
The best exporter to Bulgaria in 2009 is Denmark which counts by over 50% share in the Nordic volume and has also kept its growth rate from the previous period – increase by the good 35,9% and 32,6% for the last two years. Norway has managed to keep its volume at almost the same level. Finland and Sweden performed worse than the year before with a third fold cut and Iceland crashed down to a decrease of 75,7%.

Nordic economic outlook: the litmus test

Nordic economic outlook: the litmus test An economic analysis written by Nordea, the Baltic and Scandinavian financial services group:
At the threshold of the new decade it is clear that the world economy has finally moved out of recession. But in its latest research report, Economic Outlook, Nordea forecasts a moderate economic upswing that will only gradually gain momentum.
“The huge financial sector rescue packages and significant concerted G20 easing of economic policies to kick-start the economies have been highly successful”, says Nordea’s Global Chief Economist Helge J. Pedersen.
Economic growth especially in South-East Asia spearheaded by China has been strong, and industrial production in this region is now higher than before the collapse of Lehman Brothers. In the rest of the world, production has been set back several years despite the increased momentum. Global capacity utilisation remains weak, and this dampens investment needs and worsens the labour market situation. It further reduces the likelihood of strong private consumption growth. “So even though the situation has improved, we still basically believe that the current economic upswing will be moderate and only gradually gain momentum. So far the upswing in the industrialised countries has been driven by expansionary economic policies and inventory changes”, says Helge J. Pedersen. “The coming six months will provide the ultimate litmus test of final demand and especially private consumption”, says Helge J. Pedersen.
In terms of economic growth 2009 was an annus horribilis for the Danish economy. Now the Danish economy may be in for some years of growth in positive territory. The budding signs of international growth have brightened the prospects for Danish exports, and consumer spending looks set to increase noticeably again this year after a significant setback in 2009. Income tax cuts and lower interest rates will boost households’ overall disposable income despite a persistent increase in unemployment in 2010.
The Swedish economy deteriorated sharply at the end of 2008 and the beginning of 2009, but recovered slowly during the following quarters. Economic growth is expected to pick up in 2010, mainly driven by private consumption and inventory changes. Exports, supported by improved global trade, will also contribute to this increase. Headline inflation is seen picking up in 2010, while core inflation will decline and remain below the Riksbank’s two per cent target. With stronger growth, an improved labour market and high credit growth, the Riksbank will likely start raising the repo rate during the year. We expect the repo rate to be two per cent by end 2010.
In a historical context the setback in Norway was relatively strong, but compared to other countries it was fairly mild. In the second and third quarter last year growth in mainland production moved back into positive territory. Particularly the massive fiscal and monetary policy stimuli got the economy going again and contribute to growth also in 2010. In 2011 growth in the economy may slow as a result of higher interest rates, fiscal policy tightening and a decline in oil investment. With strong growth throughout 2010, Norges Bank will hike rates further, but in 2011 the pace of monetary tightening will slow. Norwegian interest rates will rise less than the market currently prices in and should therefore not trigger significant strengthening of the Norwegian krone.
The Finnish economy returned to growth in the summer of 2009 after a steep export-led collapse during the winter. This year exports will rebound in tandem with world trade and also household demand will recover supported by increased consumer confidence. On the whole, in 2010 the Finnish economy should grow faster than the rest of the Euro area. The unemployment rate has so far risen less than feared and it is set to peak in the summer. Finnish public finances will remain in relatively good shape and the public sector deficit is not expected to exceed the three per cent limit.
Nevertheless, there will be challenges to overcome if the government is to meet the ambitious medium-term surplus targets, and this will shape the political debate ahead of the 2011 elections.

Investment possibilities in Bourgas Fee Zone

Presently, Bourgas Free Zone disposes of and offers free areas for investments in the vicinity of Port Bourgas, with a direct access to the national and international railway & road systems where covered warehouses – multifunctional, specialized or premises for organization of new production lines can be built. Investment possibilities: 1. Bourgas Free Zone disposes of 60 000 sq.m. open areas for investment incentives (settlement of production, building of covered warehouse areas) on rent basis. In case a new warehouse shall be constructed for example, a free period of 6 months for construction of the premise is granted after which the investment is being calculated through the negotiated rent. 2. Industrial park project - development of 20 000 sq.m., including premises and infrastructure, for small & medium enterprises. In a close proximity along the terrain for investments, the warehouses could be serviced by the existing railway tracks, and the goods can be unloaded or loaded by the available mechanization. Land on the territory of the Zone is available for rent only but not for purchase. The preferential status of Bulgarian free zones, includes the following tax incentives: • Exemption from duties and VAT for goods stored on the territory of the Zone. • Exemption from duties and VAT for raw materials intended for production. • Exemption from duties and VAT for machines and equipment related to production on the territory of the Zone for a period of 2 years. Link:

International Exhibition on EE and RES for SE Europe

The 6th International Congress and Exhibition for South East Europe on Energy Efficiency & Renewable Energy Sources will be held from 14th to 16th of April 2010 . For the forthcoming edition world-known experts as key speakers and more than 600 specialists and investors are expected to attend the Congress. The Congress has proved to be the leading event of EE and RES branches for South-East Europe. The parallel Exhibition will showcase the latest technologies, equipment and products in the field of EE and RES.

Germany - Strategic partner; Italy - Focus country
New section: e-Mobility: e-cars & e-bikes; other innovative e-mobile systems; hybrids; mobile energy storage solutions; new fuels; etc
Strong presence of exhibitors from Germany and Austria, organized within a German Pavilion (for a third year) and an Austrian Pavilion (for a second year), Italian & US Pavilions (tbc)
Covered Congress topics - Energy Efficiency, RES Electricity, RES Heating & Cooling, Double and Triple use, Municipality Energy Independence - Case Studies

For more information on the event click here or contact Via Expo at:
Tel/Fax: + 359 32/ 945 459; 96 00 12

Sweden and Finland okay Russia's Nord Stream pipeline

After years of procrastination, Sweden and Finland agreed on Thursday, November 5th, to allow the Russian-led Nord Stream pipeline to pass through their waters in the Baltic Sea, a crucial step for the project destined to supply Europe with Russian gas.

The pipeline has the capacity to bring 55 billion cubic meters of Russian natural gas to Europe per year, which represents 11 percent of expected gas consumption in Europe for 2011.

Source: AFP Business News

Norway increases key policy rate

The Norwegian Central Bank (Norges Bank’s) Executive Board at its Wednesday meeting decided to increase the key policy rate by 0.25 percentage point to 1.50 per cent.

It is the first time the Central Bank has increased its key policy rate since the summer of 2008, and is also the first European Central Bank to do so after the global economic crisis hit the world's financial markets.

Bank Governor Svein Gjedrem justified the increase by pointing out that the inflation in Norway has been slightly higher than expected, and that unemployment here is considerably lower than previously projected.

Source: The Norway Post

Finland is the most prosperous nation

Finland is the world's most prosperous nation, not only in monetary matters but in the quality of its democracy and governance, according to the latest Prosperity Index, to be launched by the Legatum Institute.

Finland took first prize - up from third last year - and is followed by Switzerland and the Scandinavian countries of Sweden, Denmark and Norway. Zimbabwe ranks last, just ahead of Sudan and Yemen.

Source: Financial Times

Relaxation of Iceland capital controls to begin

Iceland’s Minister for Economic Affairs, Gylfi Magnuson says that restrictions on capital inflow to Iceland will be lifted next week. The move is an important precursor to lifting restrictions on capital outflow as well, he said.

The removal of capital inflow controls will happen immediately, but the gradual removal of outflow curbs is dependent on central bank currency reserves, external economic conditions and the extent of new capital inflows, Magnusson told Reuters.

Capital controls were imposed following the collapse of Iceland’s banking sector last autumn and since then have been in place to limit the further devaluation of the Icelandic krona.

Source: IceNews

Bankruptcies confirm crisis far from over in Denmark

The recent seasonally-adjusted figures bring the yearly total to 4937 companies to go bankrupt this year.

Confidence within the manufacturing, construction and service sectors was shown to be stagnating again after a short upswing period, while unemployment rose by nearly 9200 persons in September, October’s figures not having yet been released by the agency.

Source: The Copenhagen Post
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