ja bulgaria annual report 2010

2010

Skills for Employability Learining by doing FInancial Literacy

Ent

repr

eneu

rshi

p

JUNIOR ACHIEVEMENT BULGARIA

ANNUAL REPORT


Ent

repr

eneu

rshi

p

JA facts

2010 saw JA Bulgaria position itself one step further toward achieving its mission to help make entrepreneurial education universally available for Bulgarian youth. It is especially rewarding to see that the Ministry of Education, Youth and Science is realiz-ing the importance of this type of education and is introducing it from an early age in the elementary grades as a leading strategy. Concrete steps in this direction were done with the trainings for more than 200 teachers in four of JA Bulgaria’s programs for kids aged 6-12 which were o�cially supported by the Ministry of Education, Youth and Science. This has enabled a growth of 100% in the number of schools with primary education that our organization works with in introducing entrepreneurial skills and attitudes – one of the highlights for 2010.

Another important achievement was the European Enterprise Challenge’2010 (the competition for the best European university-level student company) which JA Bulgaria hosted in So�a in July. This was the �rst event of pan-European character which was hosted in Bulgaria and went smoothly and �awlessly. Apart from the strong corporate and donor support (big thanks to Intel, Nestle Bulgaria, Devnya Cement, Citi, HP, Microsoft, Publicis/MARC, America for Bulgaria, Enira, Right Rental), the event was endorsed by the Prime Minister of Bulgaria, the Minister of Education, Youth and Science, and the Minister of Regional Development and Public Works. The Bulgarian student company “RS Consult” from So�a University won the �rst award from such a prestigious entrepreneurship forum for Bulgaria – the innovation award for its online chess for three people. In fact, 2010 was one of the most successful years for Bulgarian students who study JA Bulgaria programs – you can see a full list of the awards they won at the “Highlights” page of this report.

I would like to extend a most heartfelt thank you to all of our private and public partners that contributed not only �nancial resources, but also the time and devotion of their employees who became voluntary mentors of students and enthusiastic transmitters of our philosophy that success and personal development is a combination of diligence, mastery of skills, strong will, belief in one’s potential, and a desire to develop and achieve one’s goals by action and initiative. This is the type of relationship we are looking to encourage as a form of corpo-rate responsibility in Bulgaria. We will work to sustain and grow that momentum in 2011.

Letter from Milena Stoycheva, CEO of Junior Achievement Bulgaria

Milena Stoycheva is CEO of Junior Achievement Bulgaria and an executive with extensive national and international experience in the area of education and training, entrepreneurship development, business skills and economic and �nancial literacy. She is also the Chair of JA Worldwide Member Council and in this capacity advises on strategic and leadership matters the management of the organization. In her previous professional experience she has been also the Dean of Students at the American University in Bulgaria and Educational Adviser at the Fulbright Commission, So�a.


Ent

repr

eneu

rshi

p

JA facts

Ensuring a working link between education and business, JA Bulgaria grants a unique opportunity to thousands of students to walk side by side with Bulgaria’s

already rightfully seen as a major partner in the promotion of best business prac-tices and responsible leadership behavior, also acting as an agent of change and

modernization in the Bulgarian educational system.

In 2010, JA Bulgaria received for the third year in a row the prestigious Model Orga-nization Award given by JA-YE Europe to JA organizations in recognition of the

quality of their board, management, and operations, their impact and programs at all age levels from primary school through to university and their contribution to

the overall success of the JA-YE Europe network. The organization also received the prestigious Thomas J. Bata Quality Award, and the CEO Milena Stoycheva was bestowed the JA-YE Special Leadership Award. And last but not least, with its

-tion for the European Enterprise Awards organized by the Ministry of Economy,

Energy and Tourism, and will go on to represent Bulgaria on European level in 2011.

initiatives and ways of interaction between the corporate sector, the state and the educational system.

Sasha Bezuhanova is the Public Sector Director for Central Eastern Europe in Hewlett-Packard. She manages the corpora-tion’ government business in 27 countries including Russia, new Europe, Western Balkans and Central Asia. Sasha Bezuhanova is working proactively for the economic and social development of modern, democratic Bulgaria. She drives creation of the National ICT Competitiveness Strategy. As Chairperson of the Board of Junior Achievement Bulgaria she works for development of the Entrepreneurial and leadership skills of the Youngsters. She is a Founding Chairperson of the Confederation of Industrialists and Employers in Bulgaria, Member of the Board of Bulgarian School of Politics, Member of the Advisory Board to the Minister of Education.

Letter from Sasha Bezuhanova, Chair of the Board of Directors of Junior Achievement Bulgaria

Skills fofof r Emp

ncialLiteracy

y

Sasha B zuhan a is the Public S t Di t f C t al E t

This was illustrated by the active strategy for promotion and introduction of entrepreneurship education from an

earliest age at the primary schools which resulted in a 100 % increase in the number of schools and kindergar-

tens that work with JA Bulgaria’s programs for the elementary grades. A further step in providing a stronger

connection between youth and business was the initia-tive “Smart Start” which was introduced in 2010 as an

add-on to the established “Manager for a Day” initiative, attracted more than 150 college students and 15 compa-

nies and resulted in very successful internships for the

start in their professional path.

High Lights

Bulgarian students won a number of awards in 2010:

signature award for innovation at the European Enterprise Challenge'2010 for the Bulgarian graduate company "RS Consult" from So�a University2nd place in the European Banks in Action Challenge for the team of Radoslav Lazarov and Tsvetelina Tsoneva from Vocational School of Trading (Varna)1st and 3rd place in the European Social Innovation Camp'2010 for Stoyan Iliev from 134th School "D.Debelyanov" (So�a) and for Ivaylo Kirilov from Vocational Technical School "N.Vaptsarov" (Samokov)1st prize in the worldwide Business Ethics Essay Competition'2010 for Emine Huseyin from Vocational School of Economy "R.Schuman" (Razgrad)3rd place in the European JA Titan Competition for the team of Nikolay Kalenikov, Vladimir Margaritov, Mihail Gabrovski and Emil Filipov from Municipal Children's Complex (Plovdiv)

JA Bulgaria received a number of awards acknowledging the outstanding quality of the organization and its human capital:

JA-YE Europe Model Organization Award 2010JA-YE Europe Thomas J. Bata Quality Award 2010JA-YE Europe Special Leadership Award 2010 awarded to the CEO Milena Stoycheva1st place in the national competition for European Enterprise Awards'2011 organized by the Ministry of Economy, Energy and Tourism

JA Bulgaria hosted successfully for the �rst time a large-scale European event - the European Enterprise Challenge for graduate student companies from all over Europe. The event was attended by the Prime Minister of Bulgaria, Mr. Boyko Borisov, the Minister of Education, Youth and Science, Mr. Sergey Ignatov, and the Minister of Regional Development and Public Works, Mr. Rosen Plevneliev.

JA Bulgaria achieved an increase of 100% in the number of schools involved in the programs for the elementary grades. The number of newly trained teachers is 200.

0

50

100

150

200

250

300

350

2006 2007 2008 2010

participants in the annual competition Juniors in Action

2010


Ent

repr

eneu

rshi

p

Calendar of events 2010

March 4

March 19-20

March 22

March 23

April 15

April 15

April 17

April 22-24 May 8-10 May 18-19

May 25-26

June 3

July 1-4

July 20-23

September 28-30

October 21-22

October 28-29

November 18

November 16-27

December 10

Social Innovation Camp'2010, Brussels

JA-YE Europe Company of the Year Competition, Cagliari

15 innovation camps and 11 open classes in schools all over Bulgaria (part of Global Entrepreneurship Week Bulgaria)

13th National Competition "Virtual Enterprise"

International Skills@Work Challenge, Belgrade

JA-YE Europe Virtual Business Challenge, Brussels

JA-YE Europe Banks in Action Challenge, Brussel

"Smart Start" Student Conference

9th National "Manager for a Day" Initiative

International JA-YE Trade Fair, Lisbon

Elementary and middle grades programs and events

JA facts

Through the elementary and middle grades programs, Junior Achievement Bulgaria is delivering the youngest members of society a truly innovative edu-

-grams provide building blocks for skills development and understanding of the 'world of work‘ – how and why individuals, families, communities and nations work together. We truly believe that the implementation of these programs in the elementary and middle grades greatly enhances the quality of business and economic education in some of the most needy areas of Bulgaria. The programs also supplement core elements of the National Curriculum, particularly with its links to literacy, citizenship and personal and social health education. As we

youth and on us as we strive to promote their education, diligence and career aspirations. JAB’s programs encourage the young generation's economic literacy, initiative and independence and teach them how they can realize their ideas in practice.

PROGRAMS:

Ourselves (5-7 year olds)Our Families (7-8 year olds)Our Community (8-9 year olds)Our City (8-10 year olds)Europe and Me (11-12 year olds)It’s My Business (12-13 year olds)

EVENTS:

Juniors in Action

“Juniors in Action” competition was launched �rstly in 2006 in Varshets with the assistance of the local municipality and General High School “Ivan Vazov”. The overall number of participants back then was more than 70, including kids from So�a, Burgas and Varshets.

16 + programs and events

JA facts

As high school students begin to position themselves for their future, there are many unanswered questions about what lies ahead. Junior Achievement's high school programs help students make informed, intelligent decisions about their future, and foster skills that will be highly useful in the business world.

With a range of di�erent programs, Junior Achievement teaches about concepts from microeconomics and macroeconomics to free enterprise. The volunteers bring real-life business experience and guidance into the classroom at a time that represents an essential crossroads for young people.

PROGRAMS: Student Company, Enterprise without Borders, Economics, Leadership and success skills, Business Ethics, Banks in Action, JA Titan, Youth Business, Graduate Company Program

EVENTS:Youth Business Forum “Rising Stars”Best Student Company of Bulgaria CompetitionBest Graduate Student Company CompetitionManager For a DayNational Competition “Virtual Enterprise”National Competition “Banks in Action”Smart Start Student ConferenceInnovation campsWhat IF events

Records show that for the last academic year JA Bulgaria youngsters won many prizes and awards in competitions on European and global level. Bulgarian students are among the top 3 in Europe in �nancial literacy and banking competitions.


Ent

repr

eneu

rshi

p

The event which is organized for the ninth year in a row and is under the patronage of the Ministry of Finance gave the future leaders of Bulgaria the opportunity to get closely familiar with real practice in their desired profession.

The managers from the private and the public sector shared experience with their young counterparts and helped them get a feeling of the real working environment by showing them how their work day goes. The students partici-pating in the initiative made a new step toward their professional development by working on practical tasks and making management decisions in their dream job.

Mr. Simeon Dyankov, Minister of Finance and patron of the initiative, also wel-comed his "Minister for a day" and greeted all participants. Ministers for a day also managed the Ministry of Education, the Ministry of Agriculture and the

Fandakova also ceded her position and duties to a student.

The current U.S. Ambassador to Bulgaria - H.E. James Warlick - attended the

support for JA Bulgaria and Manager for a Day. The well-known American entrepreneur in China Mr. Tomer Rothschild gave useful advice to the teenag-ers for their professional development and how to pursue their dreams in

Among them were Iravan Hira, General Director of Hewlett Packard Bulgaria and representatives of Porsche Inter Auto BG. At the end of the day the stu-

during the day.

More than 1000 Bulgarian students stepped into the shoes of managers and politicians for a day

INSTITUTIONS THAT SUPPORTED "MFD" 2010

* Ministry of Finance* Ministry of Education, Youth and Science* Ministry of Economy, Energy and Tourism* Ministry of Regional Development and Public Works* Ministry of Labor and Social Policy* Ministry of Agriculture and Food* Ministry of Transport, Information Technologies and Communications

* Parliament of Bulgaria* Parliamentary Commission on Education, Science and Children, Youth and Sports Issues

* U.S. Embassy in Bulgaria* Brisith Embassy in Bulgaria* UN and UNDP* American Chamber of Commerce* Bulgarian Business Leaders Forum

ON FOCUS

For third year in a row, Porshe Inter Auto BG was Gold sponsor

5 years ago, Porshe is now exclusive trader of Volkswagen and Audi for Bulgaria. Porsche BG is a subsidiary of the Austrian holding company Porsche Salzburg, one of Europe's largest trading companies with new cars, with headquarters in

Central and Southeastern Europe and China.


Ent

repr

eneu

rshi

p

Successful young entrepreneurs and managers of leading Bulgarian and inter-national companies taught 200 students in entrepreneurship, business behavior, planning and career management at the �rst student conference "Smart Start". For the �rst time in Bulgaria, 200 students participated in practi-cal seminars lead by experienced managers and entrepreneurs and discussed real-life case studies in di�erent business sectors. Students also attended train-ings and presentations on CV and cover letter writing, presentation skills, net-working, creativity, business ethics, care for the environment and business creation in Bulgaria.

In the �rst part of the conference students met young entrepreneurs Boyan Benev, Tomer Rothschild, Georgi Dichev and Ivaylo Hristov who talked about the opportunities of starting a business in Bulgaria. Later on, the students were divided into small groups where they were looking for solutions to real business problems together with established managers. The 20 best perform-ing students will have the opportunity to do an internship at the companies which took part in the initiative.

The "Smart Start" conference was organized for the �rst time by JA Bulgaria and the U.S. Embassy in Bulgaria and is part of the "Manager for a Day" initia-tive. It aims at broadening the scope of "Manager for a Day" which targets mainly high school students by introducing initiatives that give better oppor-tunities for career orientation and development to university students in Bul-garia. Through the seminars and exercises it features, the initiative wants to provoke the creative business approach of students, to stimulate their leader-ship skills and initiative and to help them kick o� their professional career with an internship in a leading company.

Successful entrepreneurs teach students at the conference "Smart Start"

Boyan Benev, Young Entrepreneur for 2009 in the U.K.

“I joined the "Smart Start" conference because I believe that such initiatives stimulate young people. They help them not only to realize the value of their ideas, but also give them motivation to act but also give them motivation to act on them”

ON FOCUS

The men and women of the United States Mission to Bulgaria are committed to strengthening the partnership between the United States and Bulgaria. Using the highest standards of professional excellence and personal integrity, they focus their e�orts in three priority areas: security, prosperity, democracy.


Ent

repr

eneu

rshi

p

120 students from all over Bulgaria took part in the third National high-school competition "Banks in Action” , part of the �nancial management program "Banks in Action" of Junior Achievement Bulgaria. Students from the Economic Vocational School in Varna took the �rst and third place, and their mates from National High school in Finance and Business "Intelekt" in Pleven took the second place.

The educational program is realized jointly by Junior Achievement Bulgaria and Citibank Bulgaria for the �fth year in a row. In 2010 Citibank celebrates its tenth year of operation on the Bulgarian market and the �fth year of its cooperation with Junior Achievement.

Banks in Action Competition is an interactive educational competition which is a culmination of the year-long course of study of all students in the Banks in Action program. The purpose of the program is to give knowledge in the sphere of banking and �nance. The computer simulation puts students in the roles of �nancial and executive directors and requires that they �nd their way and react adequately and timely in a dynamically developing banking environ-ment. Students also learn key concepts and acquire important skills in money management which, having in mind the current economic crisis, will help them overcome future �nancial challenges. The teenagers also have the opportunity to see how diverse the careers in the �nancial industry can be.

This year the teams were supported and encouraged by Ivan Iskrov, Bulgarian National Bank Governor, Milena Stoycheva, Junior Achievement Bulgaria CEO, and Stefan Ivanov, Citibank Bulgaria Country O�cer. They congratulated the participants for their initiative and mastery of skills.

120 students from 27 schools took part in the 3rd national competition "Banks in Action"

Ivan Iskrov, Governer of Bulgarian National Bank : "Work with perseverance every single day and never give up your dreams. You have an uncom-parably better starting position than we had and so I encourage you to reach much further in your personal accomplishments and in realizing your potential than we ever could."

Since establishing presence in Bulgaria in 1998, Citi is committed to o�ering a wide range of Corporate and Investment Banking services to top tier local and multinational corporate customers, �nancial institutions, institutional investors and the government of the Republic of Bulgaria. Citi is a world leader in global transaction capabilities, handling more than one billion transactions annually and processing more than $3 trillion in funds each day.

ON FOCUS


Ent

repr

eneu

rshi

p

April 2010Close to 120 students from 20 schools across Bulgaria worked on a challenge connected to responsible business, within the competition "Responsible Business and Innovations". The contest was held at the Anglo-American School of So�a and gave the best team the opportunity to represent Bulgaria at the Innovation camp in Brussels in May 2010.

The challenge was given to the students by a team of Hewlett Packard Bulgaria employ-ees. The contestants had to propose an original idea for a charitable cause which HP Bulgaria would realize in social bene�t. The participants had only 6 hours to develop their ideas for di�erent activities without exceeding the budget that was given at their disposal. To create their idea for a charitable cause, the students, divided into 22 teams, had access to Internet and advice of business volunteers. The lucky winners from Team 14 represented our country at the Innovation camp in Brussels for their idea for a large-scale campaign for improving the nutritional habits, the physical health and communication among young people.

November 2010Close to 100 students aged 15-18 from 30 schools in Bulgaria worked a whole day on November 27 to solve a business challenge posed by Microsoft Bulgaria. This innovation camp was with the �nancial support of Microsoft Bulgaria and in partnership with State High School of Trade in Svishtov and was the last large-scale event in the Global Entrepre-neurship Week. The jury awarded the �rst place to Team 6. The team developed an idea for a compact watch which measures the current and necessary level of vitamins in the organism, the level of stress, the pulse, and the blood pressure.

The �ve teams will take part in the �nal round of the National Competition "Innovation Camp 2010-2011" which will be held in So�a at the end of February 2011. The winning teams of the local innovation camps in 14 schools held within the Global Entrepreneur-ship Week, as well as up to 10 participants from an individual online competition will also participate in the �nal competition.

JA Innovation camps - provoking creativity,innovation and entrepreneurial skills

The aim of the European Creativity and Innovation Challenge is to encourage young people to develop skills that will help them become successful entrepre-neurs and employees in the future.

Caroline Jenner, JA-YE Europe CEO

"We believe that innovations and creativity are encouraged when we enable young people to get to know di�erent cultures, role models and the world outside the classroom, when we stimulate students to work on real-life problems and teach them using the "learning-by-doing" method."

JA FOCUS

An international team of students won the European competition "Social Innovation Camp 2010" which was held in Brussels on May 25-26. The Bulgarian student Stoyan Iliev from 134 High School "Dimcho Debelyanov" in So�a was part of the winning team. The students developed a project for an innovative system for growing agricultural crops in urban conditions. Another team with a Bulgarian student got a prize as well - the team of Ivaylo Kirilov from Technical Vocational High School, Samokov, won the third place with a concept for a waste recycling enterprise. The winning team consisted of students from Spain, Norway, Belgium, Romania and Bulgaria and presented a project for an automated system for agricultural crops production - ATARO. The system is a box containing soil, seeds, nutrients and an intricate system of electronic sensors which control the growth of the crops and reduce the need for human interference. The device gives the individual consumer the opportunity to grow their own vegetables and other crops in their home.


Ent

repr

eneu

rshi

p

Junior Achievement Serbia (JAS) hosted more than 130 JA youth entrepreneurs from 11 European countries (Bulgaria, Romania, Cyprus, Slovakia, Lithuania, Israel, Azerbaijan, Georgia, Hungary, Turkey and Macedonia) and Serbia for the 2010 Junior Achievement Innovation EXPO. The event was supported by the British Council’s Skills@Work program, Microsoft and Delta City. At During the �rst two days of the EXPO, (April 22nd & 23rd), participants competed at the Skills@ Work Innovation Camp Finals, where student entre-preneurs formed multi-national teams and were challenged to devise a business plan for a futuristic school: an educational institution relying on technology to modernize teach-ing and improve student performance.

Four girls – two Serbians, one Lithuanian and one Macedonian – formed the winning team. Their solution skillfully applied technology to create a paperless school. All partici-pants in the competition won local Skills@Work Challenges in their home countries to qualify for the all-European �nals.

Innovation EXPO continued, and on Saturday 24th of April, 20 Student Companies from 7 countries (Macedonia, Romania, Lithuania, Slovakia, Turkey, Hungary and Serbia) displayed and sold their products at the International Student Trade Fair held in Belgrade’s Delta City Mall. Like the two-day Innovation Camp, this International Fair was the last major “sales” event for the student companies for school year 2009/2010, where student companies got to show o� their innovative ideas, and in a public setting shared their entrepreneurial spirit. The event boosted their business results and reinforced relationships between member nations, which gave a particular importance within the regional context.

Innovation EXPO (Skills@Work Innovation Camp & Trade Fair)

JA FOCUS

The Skills@Work Challenge is a national and international competition aimed at encouraging young people to use their skills in enterprising and innovative ways, ultimately increasing their employability and entrepreneurial �air.

The Skills&Work is a joint project of JA-YE Europe and British Council. JA Bulgaria was the host of the �rst European competition in 2009. Sponsor of the event was Microsoft.

More than 500 students have taken part in the national competitions that were held in Armenia, Azerbaijan, Bulgaria, Georgia, Israel, Macedonia, Romania, Serbia, Turkey and the UK.


Ent

repr

eneu

rshi

p

and aims to meet young people with leaders from the private and the public sector to share experience and views on important issues for education and busi-ness. The one-day initiative featured a discussion panel during which the need for placing educational programs and young people's preparation for professional realization on more practical lines was ardently debated. During the forum the best student and graduate student companies working in JA Bulgaria's program "Student Company" were awarded.

The students who participated in the forum had the opportunity to meet and talk with representatives of leading companies, state administration and local govern-ment. Among them were: Milka Kodzhabashieva, Deputy Minister of Education, Eli Anavi, chief of "Entrepreneurship" sector in the Ministry of Economy, Yordanka

Embassy, Frank Bauer, President of America for Bulgaria Foundation, as well as members of JA Bulgaria Board of Directors.

Two juries assessed the young entrepreneurs in both age groups. The winners in the category "Best Student Company of Bulgaria 2010" - Junior Recyclers from "Vasil Levski" High School in Velingrad - impressed the jury with their environmentally-friendly recycled products. They represented Bulgaria at the European contest for student companies in Cagliari, Italy.

The award for "Best Graduate Student Company" went to RS Consult from the

students will test their product in competition with companies from other Euro-pean countries at the "European Enterprise Challenge 2010" which was held in

Youth Business Forum "Rising Stars" gathered more than 500 people

Milena Stoycheva, CEO of JA Bulgaria

“In order to start successfully their professional career young people need to have well developed communication skills, teamwork skills and creative thinking as early on in their school years as possible. We believe that initiatives like "Rising Stars" give students the opportu-nity to make a further step along their professional develop-ment road through meeting and sharing experience with leaders from the private and the public sector."

ON FOCUS

Nestle Bulgaria is a traditional friend and supporter of JA Bulgaria. The story of Nestle Bulgaria begins in 1994 when NESTLE buys the biggest Bulgarian

priorities are the development of new products in accord with tradition and the improvement of the quality of existing products. For the period 1994-2002 Nestle made investments equaling USD 16 million. In the last couple of years, the company expanded considerably its core business with a diverse range of high-quality products which lead to a doubling of its market share. The total number of employed workers in the company is more than 1100.


Ent

repr

eneu

rshi

p

231,000 young people created JA-YE student companies across Europe this year. The top 175 young entrepreneurs were showcased in the 21st JA-YE Europe Company Competition 2010. 400 people witnessed the event hosted by JA Italy in Cagliari which included enterprises from a wide range of industry sectors.

The enterprising secondary school students have all been running a JA-YE business through the ‘Company Programme’ and they have each received the support of their teachers as well as

and/or services and they have all successfully dealt with the challenges of setting up and running a business.

The winners of the JA-YE Europe Company of the Year Competition 2010 were announced as follows:

Winner - ‘Pnööö’ from Switzerland with their innovative products made from recycled bicycle inner tubes.

2nd place – ‘Thirteen’ from the United Kingdom who created a place mat and reward wall chart to encourage children to eat more fruit and vegetables.

wipe board.

team and explained; “they are a model of European entrepreneurship, a paradigm for the management of complexity and the approach to the current challenges of business: environ-mental sustainability, social responsibility and the inclusion of those who are less fortunate in

In the last 5 years over 1 million students in Europe have participated in the Company

An estimated 15% of those students will go on to set up and run an enterprise after their edu-cation which will positively impact Europe with 150,000 new businesses providing vital employment opportunities and a real boost to the economy.

from 34 strong contenders

Beat Bannwart, JA YE Company Competiton Winner:

“An important lesson that we’ve learnt this year is that nothing is impossible! A year ago I would never have believed that I could take on a challenge like this. Ultimately though I acquired a lot of knowledge about organisation, team work and self belief which are all really important skills for an entrepreneur and I’m sure will help me in the future.”

JA FOCUS

JA Bulgaria ‘s winner Junior Recyclers from "Vasil Levski" High School in Velingrad - impressed the jury with their environmentally-friendly recycled products. Even though they did not win any particular prize, the JR’s girls presented our organization on professional level, convincing all the participants that Bulgaria has not only beautiful, but smart girls.


Ent

repr

eneu

rshi

p

Student company ‘Greeny Games’ from The Netherlands won the JA-YE Europe Enterprise Challenge 2010 in So�a, Bulgaria (hosted by JA Bulgaria) with their educational game which focuses on teaching children aged 8 to 12 about clean energy and the importance of being environmentally friendly.

The team competed with 51 European students from 10 European countries and met the Bulgarian Prime Minister, Boyko Metodiev Borisov, and the Minister of Education, Youth and Science, Prof. Sergey Simeonov Ignatov, who o�cially opened the two day competition. Speaking at the event the Prime Minister said; "I am pleased to be here today to see all these young people and their creative projects. I want to highlight that most of the leading people in Bulgaria are below the age of 30. Keep up the good job. You are part of our future."

The enterprising students have all been running a JA-YE company through the ‘Graduate Programme’ as part of their higher education courses. The teams repre-sented a wide range of industry areas ranging from Belgian water saving bath design to a Romanian web application which enables easy online selling. Their challenge was to sell their idea to a panel of potential “investors”, each of whom had a �ctional 50,000€ to spend. To be eligible to participate in the European �nals, each team had to be a winner at their national level.

JA-YE Europe "Company of the Year" AwardWinner - Greeny Games (The Netherlands) 1st Runner-up - Top Safe (Norway)2nd Runner-up - TDT (Portugal)

Young start-ups capture the spotlight in unique competition

Sasha Bezuhanova, CEE Public Sector Director, HP Bulgaria

“It was an exciting and challenging experi-ence, excellent business ideas, innovative products and marketing concepts. Our choice was for “Greeny Games” because they had an excellent product, clear �nancial concept, sustainable business, good branding, convincing presenta-tion and team balance"

JA FOCUS

HP Bulgaria is another believer in JA Bulgaria mission. Twelve years ago, HP opened its fully functional o�ce in the country. For the last 6 years HP has been the ultimate market leader providing products, services, and solutions for its customers. Today, working with both public and private sectors, HP is helping Bulgaria to meet the EU conditions of membership and move towards the information society.

European Signature AwardsCiti Sustainability Award - ‘Greeny Games’ (The Netherlands) Intel Innovation Award - ‘RS Consult BG’ (Bulgaria)

Local Signature AwardsHP Responsible Business Award - ‘SESO’ (Norway)

Devnya Cement/Italcementi International Potential Award - ‘Top Safe’ (Norway)Nestle Best Sales and Marketing Strategy Award - ‘SensAqua’ - Belgium(French)


Ent

repr

eneu

rshi

p

initiated by the recently born organization What IF as a result of the collaboration between a group

Achievement joins this new initiative as a partner because we believe it not only makes sense but has the potential to contribute to real change and improvement. The discussion was held on the

Together with “What IF” we tried an experiment: to read enterprises as intergenerational vehicles, as places that contribute to a sustainable development able to start, grow and pass wellbeing from generation to generation. And when we speak about entrepreneurship, we do not refer only to those that start-up a new endeavour. We have in mind those that, within an existing enterprise,

struggle to reform existing mindsets to design and concretize new policies. We want to promote a better understanding on how entrepreneurship can become a ship where generations can pass their

-

The event was focused on three particular issues: Reaching the bridge, or how to help young people to reach a fair working environment or to start up their own busines. Crossing the Bridge, , or how to allow a fair dialogue between seniors and juniors within and across enterprises and how to help entrepreneurs make their business evolve and pass it on to the new generations. Reaching the island and approaching the next bridge, , or how to support those whose skills are obsolescent to regain work and dignity and how elderly people can transform their experience in a patrimony to be passed on to the new comers.

These issues were discussed by three working groups made up of young and senior representatives of the public institutions, the academic world and the business community and a moderator. Each group came up with ideas for policies and projects to address the issues. There were interesting proposals such as introducing age balance rule when applying for jobs, similar to the gender balance rule, or organizing a national award for best company "Bridge between generations". The

will also be passed on as legacy for future What IF events across Europe.

WHAT IF EVENT SOFIA

JA FOCUS

Publicis MARC is a long-standing partner of JA Bulgaria contributing with PR advice and services for all large-scale events organized by the foundation. Publicis MARC Group is part of Publicis Groupe, the fourth biggest communicational network in

and employs more than 44000 people.


Ent

repr

eneu

rshi

p

-ity took part in the "It's my business" competition in Universiada hall on Decem-ber 10, 2010. The competition was held based on the model of the annual national initiative of Junior Achievement Bulgaria "Juniors in Action". Its aim is to provoke the creativity, entrepreneurial thinking and attitude to business of the youngest students.

This year the competition was part of the project "Children in education and society" funded by the Operational Programme "Human Resources Develop-ment". The project was realized with the partnership of 119th School and 137th

potential of every child, to ensure opportunities for physical, intellectual and personal development and full social integration, as well as to contribute to improving the quality of education by diversifying and expanding the extracur-ricular and out-of-school activities. More than 1700 student from more than 80

-December 2010.

my business". They were divided up into teams and categories depending on their age group and the JA program they had studied. Working to solve various busi-ness challenges the young entrepreneurs generated many ideas for attractive

ideas.The big prize went to the team "Smile for all" from 105th School "Atanas -

tion which would also shelter a children's museum.

"It's my business" competition

JA FOCUS

General Electric has been supporting JA Bulgaria's entrepreneurship programs for the youngest kids as a true friend for many years now. More people around the world turn to GE for advanced power systems and around-the-clock energy services than

has grown to over 10,000 units, representing over a million megawatts of installed capacity in more than 120 countries. With over 13,500 wind and 3,600 hydro turbines, the installed capacity of renewable energy exceeds 160,000 MW.


Ent

repr

eneu

rshi

p

The award recognizes a JA-YE member organization for demonstrating the highest stan-dard of excellence in the JA-YE network. The winner is a role model within JA-YE and for other NGOs as it has cultivated a reputation for quality at home and abroad among business and government leaders.

The award was judged by a jury of JA-YE Europe board members who assessed 8 member organizations against criteria which included performance in 4 strategic areas: human and organizational capital; programmes/activities; sustainability and resources; position-ing. In order to receive the award, JA Bulgaria had to qualify as a “Model Organization” in the 2 previous years.

The winner, JA Bulgaria (www.jabulgaria.org) was announced at the JA-YE Europe Annual Awards dinner in front of an audience made up of 150 business leaders, politicians, students and teachers. Speaking about the award recipient, Caroline Jenner, JA-YE Europe CEO said; “JA Bulgaria have always been leaders within the pan-European network and indeed global JA organization. They have grown student numbers to 26,661 in the last academic year and have a top-quality reputation at the national level. This year they will host our Enterprise Challenge event for graduate entrepreneurs. Their spirit of initiative is an example to us all.”

THOMAS J BATA AWARD FOR QUALITY GOES TO JA BULGARIA

JA awardsA

wardsA


Ent

repr

eneu

rshi

p

The competition "European Enterprise Awards" was organized for the second year in a row in Bulgaria by the Ministry of Economy, Energy and Tourism. The youth educational organization Junior Achievement Bulgaria won the �rst place in the category "Promoting the entrepreneurial spirit" and was chosen by the Ministry to represent our country in the European edition of the competition in 2011.

The winners were awarded at a special ceremony on December 17 at the Ministry of Economy, Energy and Tourism. The Minister of Economy, Traycho Traykov, personally handed the award to a representative of Junior Achievement Bulgaria. The organization took part in the competition for the �rst time and impressed the jury with its program "Graduate Student Company" which is sponsored by Nestle Bulgaria.

The competition "European Enterprise Awards" is initiated by DG Enterprise and Industry of the European Commission. It distinguishes top achievements in encouraging entrepre-neurship. The �rst stage of the competition features participation of institutions and organizations from member states of the European Union, as well as Norway, Iceland, Croatia, Turkey and Serbia. They compete on national level and are evaluated by a local jury. Junior Achievement will represent Bulgaria in the second stage of the competition where the national winners will be assessed by a jury from the European Commission.

JA Bulgaria wins entrepreneuship award

JA awards

CONSOLIDATED FINANCIAL STATEMENTS

Income statement

Balance sheet

�nancial report of Junior AchievementBulgaria, including a balance sheet at December 31, 2009, and proft andloss report, own capital changes, statement of cash fows about thereporting period, that appears to be the end of the year 2009, and a

policies and other explanatory notes”

Maria VaklinovaRegistered Auditor

summary of signi�cant accounting


Ent

repr

eneu

rshi

p

America for Bulgaria FoundationCiti FoundationU.S. EmbassyMicrosoft BulgariaGE FoundationManpowerPorsche Inter Auto BGNestle BulgariaPublicis / MARCDevnya CementHewlett Packard BulgariaIntelRight RentalEniraBalkan News CorporationM3 Communications GroupQuickstart GlobalBoni Bonev / Vaptzarov ADEnel

CONTRIBUTORS AND PARTNERS

SiemensCongress Engineering

Kempinski Hotel ZografskiSheraton Hotel Balkan

EconomediaMinistry of Education, Youth and ScienceMinistry of Economy, Energy and Tourism

Ministry of FinanceSo�a Municipality

European Lifelong Learning ProgrammeAndon Ichev

Emmis BulgariaManager Magazine

Darik RadioKarieri.bg

PC World

THANK YOUfor believeing

in the entrepreneurial

SPIRIT

Junior Achievement Bulgaria 2010

www.jabulgaria.org