Using the BSP Power Point Template

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The impact of the world economic crisis on
Bulgarian plastic converting industry
Cvetanka Todorova Vice President of Bulgarian
Association Polymers March 2009
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Bulgarian economy facts and prospects
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Bulgarian economy facts and prospects
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Bulgarian economy facts and prospects

• Source National Statistical Institute

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Bulgarian economy facts and prospects

• 2009 - An expected slowdown in the economic
  activity in Bulgaria
• Real GDP growth is projected to decrease to
  around 2
• Investment growth should slow sharply to around 2
  this year and 3 next
• Growth of both exports and imports is set to
  decelerate markedly
• Current account deficit should thus fall below
  20 of GDP
• Employment growth is expected to decline
  substantially

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Bulgarian economy facts and prospects

• 2009 - An expected slowdown in the economic
  activity in Bulgaria
• Inflation could decline to below 6
• The general government surplus is projected at
  around 2 of GDP
• Private consumption expenditure is projected to
  decrease due to considerable deceleration in wage
  and employment growth and more moderate credit
  growth
• The public debt level should continue to decline
  to below 11 of GDP.

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Bulgarian economy facts and prospects
The gas crisis consequences Bulgaria was
the country affected the most by the gas crisis
as all its supplies come from Russia via a
pipeline crossing Ukraine and the country has no
access to alternative pipeline routes. Bulgaria's
chemical, metals and glass producers are facing
serious losses. The country's leading fertilizer
producers Neochim NEOH.BB and Agropolychim shut
down. Presently the calculated losses total 500
million levs (250 million euro).
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Bulgarian economy facts and prospects
Light in the tunnel But as whole Bulgaria is
one of the few countries in Europe with expected
growth of GDP in 2009 and no recession. Due the
common-sense financial and fiscal politic of the
Bulgarian government the state is in a stable
situation and no financial help form IMF will be
necessary. The country will survive the crises
with own resources.
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Trends in the plastic industry in Bulgaria in a
time of financial crisis

• No clear defined trend in the turnover and the
  sales incomes of the companies
• The quantity of generated production by all of
  the converters increases with different
  percentages - from 4 up to 40
• The profit norm differs
• The number of orders become smaller both for the
  domestic market, as for the other countries
• The export rate diminishes by all companies.

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Trends in the plastic industry in Bulgaria in a
time of financial crisis

• In the most of the companies the staff is cut
  down by 10 17 .
• The plastic converters also suffered by the gas
  crisis the orders for bags for fertilizers were
  canceled
• The expectations of the producers for the first
  six months of 2009 are negative
• Many companies do not want to continue
  participate in the process of funding by the EU,
  because of the prolonged, efforts- and finance
  wasting procedure with no clear results

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The separate waste collection - affected by the
economic crisis

• No new containers and less separate waste
  collection in 2008 are the consequences of the
  global economic crisis
• Waste processing plants are accepting no waste as
  they struggle to sell their production
• Buy-out prices of materials decrease by 60-80 per
  cent in Europe due to slowing consumer spending

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THANK YOU FOR THE ATTENTION ! THE END
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BAP
BULGARIAN ASSOCIATION POLYMERS 1504 Sofia,
22 Veliko Tarnovo str.
Tel. [phone] Fax [phone]
01 e-mail bap_at_mail.bg www.bap-bg.org
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