Download The Netherlands

The Netherlands Bulgaria
Economic Relations and
Co-operation
The Netherlands - Overview in figures
• World economic position
14th
•
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233 billion €
9th
8th
5th
Total exports in 2002
Goods
Services
Foreign Direct Investments
The Netherlands - Overview in figures
• GDP The Netherlands
EUR 368 bln
• State Budget the Netherlands
– EUR 134.4 billion
– Education Culture and Science EUR 25.7 bln
• GDP Bulgaria
EUR 16 billion
• State Budget Bulgaria
– EUR 5.6 billion
Economic Relations and Co-operation
Growth rates
• Economic Performance GDP in NL
2000
2001
2002
2003 (1 - 9)
3.5 %
1.2 %
0.2 %
- 0.8 %
• Economic Performance GDP in BG
2000
2001
2002
2003
5.4 %
4.1 %
4.8 %
4.3 %
Economic Relations and Co-operation
• Unemployment NL (x 1.000)
»
»
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»
2000
2001
2002
2003
269
251
302
407
3.7 %
3.4 %
4.1 %
5.4 %
• Unemployment BG (x 1.000)
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»
»
»
2000
2001
2002
2003
18.1 %
17.9 %
16.3 %
13.5 %
Economic Relations and Co-operation
• Foreign Trade NL Imports
» 2000
» 2001
» 2002
in EUR billion
216
218
205
• Foreign Trade BG Imports
» 2000
» 2001
» 2002
in USD billion
6.0
6,7
7.3
Exports
232
241
233
Exports
4.8
5.1
5,7
Economic Relations and Co-operation
• Major Trading Partners NL - Turnover
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Germany
Belgium
UK
France
USA
Italy
Spain
Japan
Bulgaria
in mln. EUR (2001)
102,250
48,679
46,342
37,561
32,084
21,249
13,216
11,218
329
Economic Relations and Co-operation
Bulgarian - Netherlands Trade 2002
• Export BG to NL
124,2 mln. €
– Agriculture
– industry
• Import BG from NL
– Agriculture
– Industry
17,6 mln €
106,7 mln €
205,1 mln. €
27,8 mln. €
177,3 mln. €
Netherlands - Bulgaria economic co-operation
• PESP - Programme to promote commercial economic cooperation
• PSO - Programme Co-operation with Central and Eastern
Europe
• IFOM - Investment facility for developing markets
• ERUPT - CO2 reductionplan - Carboncredits
• Netherlands Carbon Fund at the EBRD
PESP
• PESP is a programme aimed at
strengthening the bilateral economic cooperation with a view to create
opportunities for the Dutch Business
community.
• Dutch companies can make proposals to the
Ministry of Economic Affairs in the
Netherlands in the pre-phase of real export
transactions.
PESP
• PESP activities are:
– feasibility studies
– project identification activities
– investment preparation
• PESP activities have to result in knowledge
of the Bulgarian counterpart as well as
identification of Dutch provision of goods
and services in this field.
IFOM
• The Investment Facility for Developing
Markets makes participations of Dutch
small and medium sized enterprises possible
in several developing markets by providing
subordinated risk bearing loans.
IFOM
• Important pre-conditions are:
– the equity of the company should be minimum 15%
of the total capital (including the IFOM loan)
– minimal 40% of the risk bearing equity (excluding
the IFOM loan) must be invested by Dutch
companies;
– The participating Dutch company must have invested
at its own risk minimum 50% of the amount of the
loan requested within a period of maximum 1 year
before the application is made.
IFOM
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The loan will be granted in EURO
Minimum loan is 45.000 EURO
Maximum loan is 2.300.000 EURO
Grace period is maximum 3 years
The loan application has to be made by the
venture in Bulgaria or by the Dutch
participant on its behalf
ERUPT
• Investment in Central and Eastern Europe in
sustainable energy, energy saving and
disposal of waste (both domestic and
industrial) will have a higher yield by
selling the CO2 emission reductions.
• With the Carboncredits programme the
Netherlands buys reduction of greenhouse
gas emissions in order to fulfil the Kyoto
requirements.
ERUPT
• Any investor in Bulgaria can sell its
emission reductions to the Netherlands. This
will give him the opportunity to cover part
of his investment financing.
• Projects should have emission reduction
effect up to the year 2012
ERUPT
• Carboncredits are a possible investment opportunity in
the field of:
– production of sustainable energy (wind, biomass,
solar and water power);
– Combined Heat and Power generation;
– change of fuel source (from hard coal or oil to gas);
– Disposal of waste (extraction of biogas at waste
dumps, anaerobic water purification and
fermentation).
ERUPT
• The first private contract in Bulgaria is
going to be signed on April 26th 2004
during the visit of a trade mission of Dutch
Companies to Bulgaria headed by the State
Secretary of the ministry of Finance Mr.
Joop Wijn on behalf of the Minister for
Foreign Trade Mrs. Karien van Gennip
• Value of the contract EUR 1.400.000
Netherlands EBRD Carbon Fund
• Carbon Credits are created when a project reduces
or avoids the emission of greenhouse gasses.
• By selling carbon credits a company can attract
additional revenue to the investment project.
• The EBRD may consider these additional cash
flows when evaluating a company’s capacity to
repay debt and/or provide a return on equity.
Netherlands EBRD Carbon Fund
• Eligible types of projects:
– renewable energy projects (solar, biomass, wind
and geothermal activities)
– Energy Efficiency projects that reduce
consumption of fossil fuels,
– Recovery and use of methane from waste
landfills and waste water treatment,
– Switching from fuels with lesser greenhouse
intensity (coals ==> natural gas)
Netherlands EBRD Carbon Fund
• EBRD financing
– the EBRD must have financial participation in
the projects for at least 10% as a lender or an
equity investor
• Contract volume
– The contracted volume must be between
500.000 and 1.500.000 tonnes of CO2
equivalent
P S O B2B
• Programme for Economic Co-operation
with Central and Eastern Europe
• The programme stimulates economic cooperation and knowledge transfer from the
Dutch business community to companies in
11 Central and Eastern European countries,
among which also Bulgaria.
P S O B2B
• Twice a year a tender is announced (closing dates 8-32004 and 16-8-2004;
• The tenders are open for all countries and all
economic sectors;
• The applicant must be a Dutch company;
• The proposals are evaluated on the basis of an
elaborated business plan;
• Payments are made on the basis of deliverables and
achieved spin off.
P S O B2B
• In 2004, EURO 43,5 mln is available;
• During week 17 the first round of applicants
will be visited by Project Officers;
• tenders are announced on the websites of
the Netherlands Foreign Trade Agency and
of the Agency Senter
– www.evd.nl
– www.senter.nl/pso