StudentShare solutions
Got a tricky question? Receive an answer from students like you! Try us!

Research Paper example - Business plan - how a bank can penetrate Bulgaria's market

Only on StudentShare
Business plan - how a bank can penetrate Bulgaria
Research Paper
Finance & Accounting
Pages 5 (1255 words)
Business plan - how a bank can penetrate Bulgaria's market Name Professor Course Date Investment climate Bulgarian economy operates on the basis of free markets, with its increased number of private sector in comparison to the public sector. The World Bank ranks Bulgaria as an industrialized country with upper-middle-income…

Extract of sample

Bulgaria has been able to attract a significant level of Foreign Direct Investment (FDI) from the year 2001. The financial Crisis that hit Bulgaria market in the year 2007-2010 marked an economic decline of up to 5.5% in the year 2009. Fortunately, the country regained a positive growth of close to 0.2 % in the year 2010, contrary to the rest of Balkan Countries (Lapteacru, 85). The country operates using one of the most stable currencies in Eastern Europe the Lev termed Leva when in plural form. The currency is pegged with the Euro with a prevailing rate of 1.95583in every Euro. Bulgarian strongest sectors include the energy, metallurgy, machine building, mining, agriculture and tourism. The primary exports from the industries include steel and iron, machinery and refined fuel, and clothing. The major obstacles towards foreign investment and economic growth involve inadequate R&D funding coupled with the development policies with unclear definition. The European and international markets also experiences lower levels of competition and productivity. In the year 2012, the Bulgarian GDP attained a nominal of $ 50.78 billion, with $ 103.15 billion (PPP) in the same year. This marked a growth of 0.8% with a nominal of $ 6, 903. ...
Download paper
Not exactly what you need?

Related papers

Basha Restaurant Business Plan
The restaurant meets the expectation of the customers by providing them valuable services by the restaurant staff. The manage constantly runs a check on the activities taking place in the restaurant which assures the customer that everything is in control and being evaluated constantly. The restaurant staff is trained to provide effective and efficient services to the customers. …
15 pages (3765 words)
Bed And Breakfast Business Plan
The business intends to capitalize on personalized services, and its unique location to attract new customers and retain the existing customers. The business also intends to create an environment that will facilitate a pampered comfort that is far beyond the projected business competitors. The business will as well incorporate contemporary technology in its operation to holistically renovate the…
8 pages (2008 words)
Business Plan
The business is expected to utilise technology as a driving force in the future development of its operations. Introduction Mini’s is a start-up bakery business that seeks to provide some of the most demanded bakery products in Chelsea. The business establishment is expected to attract the attention of the local customers through the provision of quality cupcakes and scones. The bakery is driven…
5 pages (1255 words)
business plan
This project will be funded by the state. The source of that income will therefore, be the government and other partners of the state. The expected income to be generated by this project will be emanating from the various businesses that are included in the Rhossili Town. This includes the revenue from the people visiting the amusement park, revenue from visitors visiting the beach park, income…
4 pages (1004 words)
Business Plan (3Gen Informatics)
A business plan is often considered to be a crucial step for an entrepreneur intending to inaugurate new business venture or expand business unit to a newly located marketplace. The plan generally assists an entrepreneur towards performing various operations resulting in attaining superior competitive position in the respective industry. With this concern, this paper intends to prepare a realistic…
11 pages (2761 words)
Amazon.Com in Business Plan
To sustain this new venture, Amazon Inc. has a good start off, as its traffic is attractive to buyers and sellers into Amazon market place. Firms likely to be acquired in this endeavor include, Zappos and …
4 pages (1004 words)
Ned Kelly Business Plan
Budgeting in business is beneficial not only because it enables projecting the yearly expenses to be incurred while following a certain plan, but it also allows to determine how costs will incur and how can they be controlled resulting in efficient operations (Dury, 2008; Albrecht et al., 2008). As for instance, without doing any budgeting of the business activities, an entrepreneur may only be…
4 pages (1004 words)