he rade council s outh ast europe …...company officials have announced that from the academic year...

Content

ICT industry

Intel opens new Open Source software R&D lab in Romanian university

ICT and outsourcing sectors in Bulgaria

Climate and Energy

Eurowind Energy A/S opened its first solar energy plant in Romania

District Heating in Bulgaria

New regulations for electricity production in Turkey

Construction

New Danish options in Israeli infrastructure projects

Food Industry

Romanian organic grains, much in demand in USA and Canada

Investments in Greek aquaculture and fish processing

Transport and logistic

Greece - the biggest merchant fleet in the world

Investments/Opportunities

New Danish Entries in the Turkish Market

Greek privatization programme the largest in the world

The new Investment Incentive Scheme in Turkey

R&D

Israel tops OECD in proportion of civilian R&D

SAVE THE DATE Events, exhibitions and others

Key Economic figures for the TC SEE region - 2012

About us

THE TRADE COUNCIL’S

TC SOUTH EAST EUROPE NEWSLETTER

December 2012

Dear Reader,

Welcome to the first issue of The Trade Council South East Europe Newsletter comprising interesting news from Roma-nia, Bulgaria, Turkey, Greece and Israel that aims to increase your knowledge on our region. The SEE Region consists of approximately 120 million popula-

tion represents several business opportunities to Danish com-

panies in several sectors such as retail, renewable energies,

marine, healthcare, ICT, consulting, infrastructure projects,

and outsourcing/sourcing possibilities.

The region is also witnessing complex political and economic

challenges that should be managed carefully both during the

market entry period and after the market entrance.

In this context, as the trade experts of SEE, we aim to gather news that will be off interest to you and will help your busi-ness development and investment related decisions. Looking forward to receive your comments on The TC SEE

Newsletter.

Keep reading…

http://fae.um.dk/en/the-trade-council/mena-regional-newsletter/

http://fae.um.dk/en/the-trade-council/mena-regional-newsletter/

2

ICT Industry

Intel opens new open source software R&D lab in Romanian University

Intel, the biggest manufacturer of microprocessors in the world, inaugurated a new laboratory at the Faculty of Au-

tomated Systems and Computer Science in Politehnica University of Bucharest (UPB).

According to romania-insider.com, the new Intel Student

Open Lab has an area of 100 square meters and includes a

hall for laboratory, one for research and development and a

meeting room. The laboratory will accommodate 650 un-

dergraduate, masters and PhD students annually. It will be

used for research and development in Open Source soft-

ware, following an investment by the Intel Romania Soft-

ware Development Center (IRSDC). The investment in the

new lab was not mentioned.

“This joint project with the University Politehnica of Bucha-

rest will bring Open Source closer to students, master students and the PhD students interested in careers in soft-

ware development. In addition to supporting educational programs adapted to global trends in the field of technolo-

gy, we want to give the local talent the opportunity to work at the highest level in the software industry in Romania

without having to leave the country,” said Monica Ene-Pietroşanu, Country Manager, Intel Romania Software Devel-

opment Center.

The opening of Intel Student Open Lab is part of Intel Romania’s strategy to contribute to the development of na-

tional education through direct cooperation and transfer of know-how in academic institutions, as well as hardware

and software investments.

Intel and the University also signed a Memorandum of Understanding to support research and development in IT at

university level. Company officials have announced that from the academic year 2012-2013, they will provide schol-

arships worth up to USD 10,000 to students in the third and fourth year of study of the Faculty of Computer Science.

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]

mailto:[email protected]

3

ICT and outsourcing sectors in Bulgaria

The Bulgarian software branch is very well positioned on global markets and many of the enterprises are recognized

as reliable partners by some of the biggest organizations in the world. A lot of Bulgarian companies have started to

work directly with large IT producers, like Microsoft, HP, or IBM. On the other hand, a lot of large international enter-

prises have entered Bulgaria, e. g. SAP Labs, VMware, Johnson Controls.

The total share of information and communication

technologies in the gross domestic product of Bulgaria

for 2011 was about 10%, and the share of the software

industry itself was 1.5%. Yet, the software industry has

the highest levels of added value and export potential.

50% of the activities have been export-oriented during

the past few years, and nearly 60% of the total export

has been directed to Europe. North America gets the

second place with a 35% share of the export.

Bulgaria has several advantages, among which are the qualitative broadband infrastructure, the low tax levels and

the relatively low standard of living, which reduces production costs.

Outsourcing sector

The market segments of outsourcing which are developed in Bulgaria include Business Process Outsourcing (BPO),

Knowledge Process Outsourcing (KPO) and IT Outsourcing (ITO). BPO includes the outsourcing of front-office and

back-office operations, including customer relationship management, HR management, finance, accounting, credit

management. ITO consists of web hosting, data centres and network management, application outsourcing, devel-

opment of software products, system, and hardware and network integration. KPO, for its part, involves database

management, market, business and investment studies.

BPO has a 55% share of the national outsourcing sector; ITO has a 25% share, whereas KPO accounts for 10%. Most

sector companies are involved in more than one type of outsourcing. In terms of revenue, BPO accounted for 61.13%

of total revenue in the sector in 2010, ITO had a 27.5% share and KPO generated 14.8% of total sales. Sector compa-

nies earned 32.73% of their revenue from activities unrelated to outsourcing.

The sector has a strong international focus. The UK, the USA and Germany top the ranking of foreign clients. France,

Macedonia, Russia, Israel, Poland, Spain and Sweden are also important countries for the Bulgarian outsourcing sec-

tor.

The sectors which most often resort to outsourcing services are the finance industry, including banks, insurers and

pension funds, telecommunications, software development, wholesale and retail. The financial and telecoms sectors

account for nearly 20% each of the sales in the outsourcing industry, states Konstantsa Grigorova in the article pub-

lished in March 2012, in computerworld.bg.

For further information, please contact: The Royal Danish Embassy, Sofia Commercial Section Hans Schou – Head of Commercial section Phone: +359 2 917 01 19 / e-mail: [email protected]


4

Climate and Energy

Eurowind Energy A/S opened its first solar energy plant in Romania

The Danish company Eurowind Energy A/S concluded the construction of a 1.5 MW solar energy plant located in Puf-

esti, in the Vrancea County, Romania. The construction of the solar energy plant was conducted by Martifer Solar.

Covering an area of almost 4 hectares, the plant will produce enough energy to supply nearly 1,000 families, and it

will save the emission into the atmosphere of 1,029 ton

of CO2 per year. The project consists of 240W polycrys-

talline MPrime modules installed on fixed structures.

The plant was finished in the beginning of July and on

the 2nd of august it was connected to the grid, becom-

ing one of the first large-scale solar energy plants to be

connected to the Romanian national grid. The plant will

be operated by Eurowind Energy A/S through AWRR

Sun 115 Srl, owned 100% by Eurowind Energy A/S.

According to Pedro Pereira, Martifer Solar’s Director for

Europe and Managing Director for Romania: “This has

been the first of several solar energy plants we intend to build in the Romanian market”. Pereira added also that:

“Right now the Romanian market is becoming one of the most active ones in the PV sector, in Europe, and we have

already a consolidated presence here from which we are expecting to leverage from in order to secure a leading

position as an EPC contractor”.

On the 5th of September, Martifer Solar and Eurowind Energy A/S organised an event for the opening of Pufesti so-

lar energy plant in presence of both companies’ board members and of the representatives of central, county and

local stakeholders.

Martifer Solar and Eurowind Energy A/S had already signed a contract in 2011 for the distribution of MPrime com-

ponents in the Danish and other Scandinavian markets. Following the successful experience with Pufesti project,

both companies envisage a future cooperation not only in the Romanian market where they intend to start other

projects soon, but also in other markets in Europe, states agerpres.ro.



5

Author of the picture: Tsvetelina Belutova

District heating in Bulgaria

40 million Euro investments are on the way for system of incinerators.

According to the article by Ralitsa Nikolova, published

in the newspaper Capital, one of the most environ-

mentally problematic thermal power plants – the one

in Pernik, announced that it will invest 40 million Euro

in the system for utilization of municipal waste. The

CEO of the company Stoicho Vassilev said that the

idea is for one of the boilers of the thermal power

plant to be rehabilitated so that it can burn the wood

chips and waste from the landfill and the local water

supply company. For this purpose, "District Heating -

Pernik" wants to participate as a contractor of the

landfill being built in the town where they will be

burnt in the new installation.

Financing

Now the idea of the company is that the new plant is built in cooperation with the municipality of Pernik, the design

will be financed by the district heating company and the construction – by shared funding. "District Heating - Pernik"

is among the energy companies that will receive free carbon emissions from the beginning of 2013. This right was

obtained in June with the permission of the European Commission. At the expense of the free quotas, however, the

companies are obliged to invest in upgrading their facilities. In "District Heating - Pernik" the estimated amount is

11.7 million Euro.

Investment Program

According to the district heating company’s business plan for the period 2010 - 2015, an investment program for

nearly 28 million BGN (14,4 million Euro) is envisaged. Over 23 million (11,8 Mill Euro) of it will be provided by the

company’s own funds, while the other sources of funding are not mentioned. From the audited financial statements

for 2011 it can be seen that the company announced a profit of 19,353 million BGN (9,9 mill Euro) while it had a loss

of 527 thousand BGN (769,5 thousand euro) in the previous year.



6

Turkey’s energy consumption is expected to double

over the next ten years.

New regulations for electricity production in Turkey

New regulation on electricity production under 500kW will boost the solar and wind energy market.

Turkey has become one of the fastest growing energy markets in the world in parallel to its economic growth. The

Turkish Electricity Transmission Company estimates that Turkey’s demand for electricity will increase at an annual

rate of 6 percent between 2009 and 2023.

Various legal arrangements and regulations were made in July

2011 in order to support and encourage the establishment of re-

newable energy power plants. These changes will especially affect

the sectors of solar and wind power.

Turkey’s ambitious vision of 2023, predicts ambitious targets for

the energy sector in Turkey. The Government desires to increase

the share of renewables to 30% by 2023.

In the scope of the new regulations for electricity production,

companies are exempt from obtaining a license for production up

to 500 kW in the renewable energy sector. The increasing demand

and recent developments in the market makes Turkey an attrac-

tive destination for wind and solar energy investors and suppliers that seeking to spread their know-how and tech-

nology to Turkey, states edhenergy.com.

For further information, please contact: The Royal Danish Consulate General, Istanbul Commercial Section Seda Kayrak – Trade Manager Phone: +90 212 359 1912 / e-mail: [email protected]


7

Construction

New Danish options in Israeli infrastructure projects

The Israeli government is in a process of developing the country’s ports and harbour due to the increased trade vol-

ume and cruise line traffic the last couple of years which is expected to rise further in the near future.

The port in Eilat has completed its tender process where the Nakash Brothers won the bidding. Now the ports in

Ashdod and Haifa are searching for experienced contractors from Denmark, for the supply of works for construction

of the “Hadarom” and the “Hamifratz” port projects.

The work of these ports is of very large scale and is of great importance for the state of Israel. It consists of Deep

Water Rubble Mound Breakwater Works and Concrete Caisson, Anchored Steel Sheet-Pile Bulkhead Construction,

Drilled Cast In-Situ Concrete Pile, Dredging and Fill For Land Reclamation. The process will consists of 2 steps: the

“prequalification” and the “bid”, followed by further negotiations, points israports.co/il and globes.co.il.

For further information, please contact The Royal Danish Embassy, Tel Aviv Commercial Section Ilana Krasnik - Export and Innovation Consular Phone: +972 (3) 608 5870 / e-mail: [email protected] Or Lasse Holm Grønning - Commercial Adviser Phone: +972 (3) 608 5871 / e-mail: [email protected]


8

Food industry

Romanian organic grains, much in demand in USA and Canada

According to agerpres.ro, the Romanian certified organic

grains are much in demand these days in the United

States, where one of the largest organic agriculture fairs in

America, Biofach Baltimore, is being held, writes Agrointel,

taken over by the Capital publication.

The offered prices exceed the most optimistic expecta-

tions of Romanian farmers, said Marian Cioceanu, presi-

dent of the Organic Farmers' Association - 'Bio Romania'.

'Romanian farmers were flooded, as early as the first day of the exhibition, with purchase requests of certified or-

ganic grains from large grain-importing companies and livestock breeders' associations from the U.S. and Canada.

The quantities required are huge, impossible to cover by the Romanian organic farming, and the offered prices ex-

ceed the most optimistic expectations of Romanian farmers present in the fair,' said Cioceanu.

To capitalise on this opportunity for Romanian farmers, Bio Romania's president considers that the Ministry of Agri-

culture must request the European Union the possibility to provide financial aid to medium and large farmers who

are in the conversion period, for at least two years of converting conventional agriculture into organic one.

'The lack of this form of support makes the area of certified organic farmland remain still low, up to 200,000 hec-

tares. By certifying one million hectares in Baragan and Western Plain, Romania can become in a few years the coun-

try with one of the most performing agriculture in the EU, in parallel with developing the sectors of certified organic

fruits, vegetables and wine,' Cioceanu explained.



9

Investments in Greek aquaculture and fish processing

Despite the financial crisis the Greek fish farmers are doing well and the potential for further development is big.

Right now there is renewed interest for investments in the sector, and therefore Danish suppliers of relevant equip-

ment are encouraged to consider the possibilities the market has to offer.

The Greek aquaculture sector mainly consists of

sea farming. The species produced are primarily

sea bass and sea bream of which Greece is the

biggest producer in Europe. After a decade, where

a heavy concentration of the companies within the

industry took place, there are now approx. 80

players involved in sea farming. Several of these

companies are listed on the Athens Stock Ex-

change. A few of the companies have a so-called

vertical production beginning with fry production,

fattening, slaughtering and – in some cases – pro-

cessing of fish, while others (most of the compa-

nies) focus on fattening.

In 2011, the Greek production of sea bass and sea bream accounted for more than 110 million tons of fish, whereof

70 % was exported. The export is expected to grow in the years to come.

The renewed investment interest is on the one hand caused by the good development opportunities observed in the

industry, and on the other hand by the availability of subsidies from the EU. An investment incentives program has

just been launched which will provide subsidies to approved investment plans in the range from 15 to 60% of the

eligible costs in connection with realization of the investment.

Subsidies in the order of approx. 410 million DKK will be distributed to the Greek fish farming and fish processing

companies within the next three years. Overall this will mean investments of around 1.2 billion DKK in modernisation

of exciting fish farms, equipment and machinery for standardization and processing of fish etc. It is not too late for

Danish companies to come into play as suppliers. The Embassy in Athens would be happy to provide more infor-

mation to interested Danish suppliers.

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]


10

Transport and logistic

Greece - the biggest merchant fleet in the world

The Greek merchant fleet is the biggest in the world accounting for around 15% of the world’s deadweight tonnage.

Despite the recession in recent years Greek shipping companies are doing better than expected thus making Greece

an interesting market for suppliers of maritime equipment.

The maritime sector is one of the most important sectors

in the Greek economy with earnings in 2011 amounting to

14.1 billion euro down from 15.4 billion euro in 2010.

Around 1,300 shipping companies operate within the sec-

tor employing a total of 200,000 people. Many companies

are small and medium sized family owned enterprises.

The world recession resulting in a slowdown in demand

from the BRIC countries, decreasing freight rates due to

overcapacity and increasing oil prices has had a negative

effect on the earnings in the international shipping sector

and – of course – also in the Greek shipping sector.

But the Greeks are skilled in this market, and that has permitted them to keep their position in the international

shipping community. Thus the Greek merchant fleet has done better than expected, partly because of a timely re-

newal of the fleet and the structure of the Greek shipping sector. Since 2009 the Greek fleet has experienced a re-

duction in the total number of ships with a capacity of more than 1000 gt, but at the same time the total deadweight

tonnage owned by Greek interests has in fact increased.

More than 90% of the dwt of the Greek fleet consists of oil tankers and ore and bulk carriers. By the end of 2011,

Greek new building orders of vessels over 1,000 gt amounted to 439 representing a total of 40.67 million dwt. Ac-

cording to the Union of Greek ship owners, the order books indicate that the Greek ship owners diversify to special-

ised ships as LNG vessels, containerships etc.

For the suppliers to the sector, close contact to the ship owners and their technical directors is imperative. Own es-

tablishment in the market or close cooperation with a local agent or importer with in-depth knowledge of the sector

is an advantage not least due to the need of after-sales-service and continuous visits to the customers who appreci-

ate personal relations and loyalty.

To address the needs and interests of the Greek shipping community, the Danish Embassy in Athens and the Danish

Marine Group in Denmark, are planning an event to take place in Pireaus in first half of 2013. Interested Danish sup-

pliers are urged to take contact to either the Embassy or the Danish Marine Group.



11

Hans Schreuder, Rockwool.

Investments/Opportunities

New Danish Entries in the Turkish Market

Turkey’s rapidly expanding economy, political and economic stability, and the possibility of EU membership has at-

tracted the attention of a variety of Danish companies.

Henning Larsen Architects is one of the most international architecture

companies in Denmark with projects in more than 20 countries. In Septem-

ber 2012 Henning Larsen Architects opened an office in Istanbul, Turkey.

The Istanbul design studio develops concept designs and projects through-

out Turkey, the Levant and Caucasus.

Henning Larsen Architects, henninglarsen.com, is known for their cultural

and educational projects. Last year Harpa Concert Hall and Conference Cen-

tre in Rejkjavik (designed by Henning Larsen Architects) was selected as one

of the ten best concert halls in the world by the British magazine Gramo-

phone. Current projects include a new headquarter for Siemens in Munich,

Germany and the two 18 and 26–storey Crystal Towers in Riyadh, Saudi

Arabia. Henning Larsen Architects was awarded the Civic Trust Awards in 2012 for Harpa Concert Hall and Confer-

ence Centre.

Another Danish company who is ready to invest in the Turkish market is the Rockwool Group. Rockwool,

rockwool.com.tr, in Europe and worldwide is recognized as one of the strongest advocates for energy efficiency and

fire protection, which is one of their highest priorities.

In 2011, Turkey had the world’s second highest growth rate, and the market for external facade insulation is also the

second largest in Europe. Rockwool sees this combination as an opportunity to invest heavily in Turkey.

For further information, please contact: The Royal Danish Consulate General, Istanbul Commercial Section Deniz Akkan – Trade Manager Phone: +90 212 359 1911 / e-mail: [email protected]

http://www.henninglarsen.com/


12

Greek privatization programme the largest in the world

Greece is in the beginning of the largest privatization process ever seen. According to agreement with the EU, the

International Monetary Fund and the European Central bank Greek public assets with a total value of 19 billion euro

must be sold off by 2015 not only as a means to attract foreign capital but – most importantly – to fuel economic

growth.

A pool of public assets with a total estimated value of 50 billion euro has been identified. More than half concerns

real estate, 35% concerns infrastructure and 10% concerns shares in companies. A special Privatization Fund has

been established and is responsible for carrying out the privatization process with speed and transparency.

When the institutional framework related to the specific group of assets to be privatized is in place the Fund pub-

lishes an invitation for expression of interest. Selected companies are then invited to submit their financial offer

together with an extensive business plan. As the Greek state needs economic growth initiatives as never before, this

business plan is very important.

The opportunities for foreign investors are obvious, as the crisis has significantly lowered the prices in the market.

Also for suppliers of know-how and equipment the process offers opportunities. Thus the privatization of e.g. the

Greek regional airports, a number of harbours all over the country, the Water Supply and Sewerage Companies in

Athens and Thessaloniki, the Public Power Corporation PPC, Hellenic Railway Organization and the Hellenic Post is

expected to be followed by a serious upgrade and development of same. However, it should be noted, that the pri-

vatization process has been characterised by delays, and it is still unclear when the institutional framework will be in

place allowing the privatization programme for the above mentioned assets to begin. Interested companies should

follow the progress closely by visiting the Fund´s website www.hraf.gr and through contact to the Danish Embassy in

Athens.


http://www.hraf.gr/


13

The new Investment Incentive Scheme in Turkey targets new investors

The new investment incentive Scheme is specifically designed to encourage investments with the potential to reduce

dependency on the importation of intermediate goods vital to the county’s strategic sectors, states Invest.gov.tr. The

investment incentives 2011, are valid for projects that will be started before December 31, 2013. The main purpose

of the scheme is to reduce the current account deficit, to boost investments support to lesser developed regions, to

increase the level of support instruments, to promote clustering activities and to support investments that will cre-

ate the transfer of technology. The Ministry of Economy has the responsibility to issue the investment certificate.

The investment incentives scheme is comprised of four different schemes. Local and foreign investors have equal

access to:

1- General Investment Incentives Scheme

2- Regional Investment Incentives Scheme

3- Large-Scale Investment Incentives Scheme

4- Strategic Investment Incentives Scheme

Regardless of region where investment is made, the

scheme is available for all investments projects pro-

vided that: investment subject is not excluded from the investment incentives programs and that requirement of

minimum fixed investment amount is met (1.000.000 TL in Region 1 and 2, 500.000 TL in Region 3, 4, 5 and 6.

The incentives for regional investments are valid until the end of December 2013:

O.I.Z: Organized Industrial Zone

Source: Investment promotion agency of Turkey.

For further information, please contact: The Royal Danish Consulate General, Istanbul Commercial Section Seda Kayrak – Trade Manager Phone: +90 212 359 1912 / e-mail: [email protected]


14

0.60

1.91

2.40

3.06

4.40

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50

5.00

Figure 1: Ref: OECD DATA R&D Expenditure; CBS Selected Data from the New Statistical Abstract of Israel 2012 - Newest possible numbers.

R&D

Israel tops OECD in proportion of civilian R&D

According to globes.co.il, Israel's national expenditure for civilian R&D are totalled ILS 38.2 billion (7,6 mill Euro) in

2011, 1.2% more than in 2010, and accounting for 4.4% of GDP. Israel tops the OECD in investment in R&D as a per-

centage of GDP, the Central Bureau of Statistics reported in its "Selected Data from the New Statistical Abstract of

Israel 2012".

This is one of the driving forces of the Israeli economy. The Israeli business sectors expenditure for civilian R&D to-

talled ILS 30.6 billion (6,1 mill Euro) in 2011, accounting for 80% of the total national expenditure. Higher education

institutions accounted for 13% of total expenditure on R&D. At this point, Israel has three universities in top 100

over the best higher education institutions in the world.

The financial crisis of 2008 only re-assured the country's success in the field, as governmental legislation encouraged

investors and entrepreneurs to do business in Israel through diversified incentives. Israel was one of the only grow-

ing countries during the crisis much thanks to the 35% rise in the rate of investments.



15

SAVE THE DATE_Events, Exhibitions and others

Bulgaria

Security Expo

Date: March 6th – 9nd 2013

Location: Inter Expo Center, Sofia/Bulgaria

Web: http://www.inshapefair.com/

Description: SECURITY 2013 attracts manufacturers, traders, entrepreneurs,

leading Bulgarian and foreign companies that offer various products and services in the field of alarm

and security systems, video surveillance and access control, communication and information net-

works, cyber security, fire alarm and fire extinguishing equipment, tools and equipment for the securi-

ty of industrial and municipal facilities, personal protective equipment, physical security, special pro-

tective equipment, specialized literature and more. Our partner is NAFTSO (National Association of

Industrial Security Companies) which is a full member of the European CoESS. Our official agent in

China for the show is BAYERN MESSE.

Traditionally, an extensive accompanying program, including topical lectures, presentations and

demonstrations of leading experts from the industry will be part of the Exhibition. The ability to simul-

taneously carry out thematically related congress events with an international exhibition guarantees

excellent results, thanks to the professionals gathered in one place.

Save the Planet

Date: May 29th – 31th 2013

Location: Inter Expo Center, Sofia/Bulgaria

Web: http://www.eco.viaexpo.com/

Description: ‘Save the planet’ Exhibition is the South-East European Eco Forum on Energy Efficiency, Waste Man-

agement, Recycling & Environment. The exhibition encourages the technology transfer to the South-

East European market, which is in a major need of advanced equipment in the waste management,

recycling and environment sectors.

It will provide participants with a quick market entry opportunity – they will meet face-to-face new

partners and customers, searching for innovative products & services needed to achieve their waste

minimization and recycling goals.

http://www.inshapefair.com/

http://www.eco.viaexpo.com/

16

Aquatech

Date: September 30th – 05th October 2013

Location: International Fair Plovdiv 37, Plovdiv/Bulgaria

Web: http://www.fair.bg/en/events/aquatech_13en.htm

Description: Aquatech is an international Exhibition of Water Management & Technologies and is the right venue for companies offering technologies and equipment to solve problems of global nature – the purity of water.

The international exhibition facilitates specialists to quickly introduce the newest technologies and water management.

Eneco

Date: September 30th – October 5th 2013

Location: International Fair Plovdiv 37, Plovdiv/Bulgaria

Web: http://www.fair.bg/en/events/eneko_13en.htm

Description: An international Exhibition of Power Engineering and Ecology. Eneco presents the latest world achievements in power engineering and ecology.

The productive business meetings during Eneco end up with successful business deals.


http://www.fair.bg/en/events/aquatech_13en.htm

http://www.fair.bg/en/events/eneko_13en.htm


17

Greece

Energy – Photovoltaic ‘12

Date: November 1th – 4nd 2012

Location: Metropolitian Exhibition Center, Athens/Greece

Web: http://www.leaderexpo.gr/node/703

Description: 7th International exhibition Energy-Photovoltaic 2012. At

the ENERGY - PHOTOVOLTAIC ’12, 250 companies from 12

different countries will be exhibiting and around 22,000 visitors are expected. The event will serve as a

meeting place for several deals and professional relations.

The exhibition will be held under the Aegis of YPEKA (Greek ministry of Energy, Environment and Cli-

mate Change)


http://www.leaderexpo.gr/node/703


18

Israel

Water Technology - Watec

Date: October 22th – 24th 2013

Location: The Israel Trade Fairs and Convention Center,

Tel Aviv/Israel

Web: http://www.watec-israel.com/

Description: Israel's prime event for showcasing its technologies and achievements in water and environment indus-

try fields – addresses the current global issues related to irrigation, desalination, water treatment,

management systems, water security, leakage control, agriculture and water energy, water efficiency

solutions, water purification etc.

Biomed

Date: June 10th – 12th 2013

Location: David InterContinental Hotel, Tel Aviv/Israel

Web: http://www2.kenes.com/biomed

Description: Biomed is an international conference fo-

cusing on biotech and biomedicine. Over

7500 participants from all over the world attended the conference in Tel Aviv – among them business

leader, scientist universities and venture capital funds in the bio industry.

The life science sector is very strong business sector in Israel, due to the high numbers of doctors, en-

gineers, entrepreneurs pr. capita compared to the rest of the world. There are registered more than

950 pharmaceutical firms in Israel, and they exported for more than 6 billion dollars. Therefore the Bi-

omed conference attracts the best of the best in the life science sector.


http://www.watec-israel.com/

http://www2.kenes.com/biomed


19

Romania

Romanian ICT Promotion Event

Date: Week 16 2013

Location: Bucharest and Iasi

Web: www.rumaenien.um.dk

Description: The Danish Embassy in Bucharest is organising an ICT promotion event in Bucharest and Iasi in the

spring of 2013. The event will highlight the near-shoring and BPO opportunities in the Romanian ICT

market. The market has undergone tremendous growth in last decade, mainly due to the highly skilled

workforce and the very attractive cost of labour.

Romania is highly favoured outsourcing destination for both big international companies as well as

SMEs. During the event the participants will have the opportunity to visit and interact with some of

these companies. Romania has the highest number of IT graduates/population in the world and has

the highest number of informatics Olympiad medals in Europe; this enables Romania to sustain the

growth in the ICT industry for years to come.

Indagra

Date: October 31th – November 4th 2012

Location: RomExpo, Bucharest/Romania

Web: http://www.indagra.ro/home

Description: INDAGRA represents the most complex event of its kind in Romania, aimed at promoting the local

animal husbandry potential, bio traditional products, as well as the internationally recognized Roma-

nian wine varieties. Knowing that the best deals are signed through direct contact, INDAGRA aims to

become for five days the ideal setting of bidding, negotiation and contracting for the largest compa-

nies in the industry and for agriculture specialists.

Furthermore, farmers that are looking for alternative solutions to the problems encountered on their

farms or who are interested in animal breeds that could bring more profits will have the opportunity

to be part of an important business development platform. In order to facilitate the dialogue between

participants, the organizers, along with event partners, will offer for this year’s edition a rich program

of related events, which will include contests, round tables, demonstrations and presentations, all in

an entertaining atmosphere that coincides perfectly with the agricultural season of the fall of 2012.

http://www.rumaenien.um.dk/

http://www.indagra.ro/home

20

Rommedica

Date: April 24rd – 27th 2013

Location: RomExpo, Bucharest/Romania

Web: http://www.rommedica.ro/home

Description: ROMMEDICA - event with tradition in Romanian medical market which offers

the opportunity to promote the latest news in the medicine field to organize seminars, conferences

and round tables, promoting the idea of developing and enhancing the quality of medical system in

Romania.


Turkey

ICCI

Date: April 24th – 26th 2013

Location: Istanbul Expo Center, Istanbul/Turkey

Web: http://www.icci/en/

Description: The 19th of the ICCI Conference and Exhibition, which successfully held since 1994 and which is regu-

larly attended by approximately 14.000 local and foreign participants will be held, with enhanced con-

tent, as Energy and Environment Technology Systems Fair and Conference.

The ICCI 2013 Exhibition and Conference will present a general outlook on the energy sector world-

wide and in Turkey, and accordingly, issues such as Liberalisation and Re-structuring in Energy, Offer

and Demand Projections, EU Energy Policies, as well as technical matters such like Cogeneration, High

Efficiency Energy Generation Technologies, Energy Plant Operations, Renewable Energy, Waste Man-

agement, Recycling Systems, Environmental Technologies will be dealt with both in national and inter-

national scale.

For further information, please contact:

The Royal Danish Consulate General, Istanbul Commercial Section Seda Kayrak – Trade Manager Phone: +90 212 359 1912 / e-mail: [email protected]

http://www.rommedica.ro/home


http://www.icci/en/


21

Key economic figures for the TC SEE Region - 2012

SOUTH EAST EUROPE

Bulgaria Greece Israel Romania Turkey

Area (km²) 110.910 131.957 20.770 238.391 783.562,38

Population 7.327.224 11.400.000 7.590.758 21.528.627 75.000.000

Age Structure (demographics)* 41,4 years 42,8 years 29,8 years 39,1 years

29,7 years

Currency Bulgarian Lev (BGN)

Euro (EUR) New Israili Shekel (ILS)

Romanian New Leu (RON)

Turkish Lira (TRY)

Inflation 3,4% 3,3% 3,2% 3,1% 10,4%

GDP/Capita (EUR) 5,189 18.060 24.591 6.368 8.179

GDP – growth rate 1,7% -6,9% 4,7% 2,5% 8,5%

Corporate Tax Rates 10% 20% 25% 16% 20%

Minimum Wage ** (EUR)

148,27

Under 25 years: 510,94 Over 25 years: 680,68

809,91 156,55

404,26

Exports (EUR) 20,23 mill 22,45 mill 48,95 bill 45,10 bill 105,72 bill

Imports (EUR) 23,35 mill 43,27 mill 57,64 bill 52,60 bill 188,74 bill

* Bulgaria: 0-14: 13,2% 15-64: 68,3% 65+ 18,5% Greece: 0-14: 14,2% 15-64: 66,2% 65+ 19,6% Israel: 0-14: 27,6% 15-64: 62,2% 65+ 10,1% Romania: 0-14: 14,8% 15-64: 70,4% 65+ 14,8% Turkey: 0-14: 26,6% 15-64: 67,1% 65+ 6,3% ** 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

Source: All figures are estimates from the above websites.

http://www.investbg.government.bg/en

http://www.investingreece.gov.gr/

https://www.cia.gov/library/publications/the-world-factbook/geos/is.html

http://www.invest.gov.tr/en-US/investmentguide/investorsguide/Pages/Incentives.aspx

22

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

Danish Consulate General – Istanbul

http://www.tyrkiet.um.dk/en/the-trade-council

Danish Embassy – Ankara

http://www.tyrkiet.um.dk

http://www.bulgarien.um.dk/

http://www.graekenland.um.dk/

http://www.israel.um.dk/

http://www.rumaenien.um.dk/

http://www.tyrkiet.um.dk/en/the-trade-council

http://www.tyrkiet.um.dk/

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