Short Company profile

 

Working in Bulgaria Is Fun In 2007, Franco Del Fabbro was appointed the CEO of Kraft Foods Bulgaria. - Mr. Fabbro, you are the only foreigner among the finalist in the 2009 Manager of The Year contest. Is it difficult to make business in Bulgaria? - I would say that it's more fun to work here than in other counries. I've made up my mind not to come back to any of the old EU member states. Working there is more boring and monotonous than it is here. Business in Bulgaria is developing far more dynamically notwithstanding whether the moment is good or bad. - What do you think of the crisis development? - As a matter of fact the crisis hit Bulgaria in 2009, a bit later than in other countries, which made it somewhat expected. I'm not sure whether we have reached the "rock bottom" or the worst is still ahead. The good news is that we were prepared for what happened and had a chance to manage our companies in the best possible way: without panicking or distracting our attention from our final goal. - For which companies the consequences of the crisis would be more serious? - I am not familiar with the overall business climate in Bulgaria, but many negative results can be noticed in the sector of automobile industry and construction. In my opinion, what should be done urgently is to grant credits more easily, especially to small companies. The financial condition of these companies is not very stable, they have invested large funds in better times and now are facing serious difficulties. - When do you expect the first symptoms for coming out of the crisis? - Nobody can tell for sure, but as a whole visible signs of improvement are expected during the second half of 2010. The important question that everybody is asking is whether the economy will be restored rapidly or will the recovery process be dragging on for years.

 

News	page 1 / 12   page

18.07.2024: Over $55 million in modernization investments over the past 10...
28.05.2021: Mondel?z buys Chipita in a USD 2 billion deal Mondel?z...
14.11.2014: Svetla Lesova will take over as general manager of Mondelez...
30.05.2013: "Mondelez Bulgaria"is the new name of "Kraft Foods...
12.02.2013: Kraft Foods has named Ivaylo Naydenov executive director of its...
09.12.2009: The winners in Pari daily's Success Team competition will be...
12.11.2009: Kraft Foods Bulgaria JSC - Svoge has appointed Extraordinary...
19.10.2009: Working in Bulgaria Is Fun In 2007, Franco Del Fabbro was...
02.10.2009: Kraft Foods Bulgaria envisages exporting produce totalling 100...
16.09.2009: Bulgaria will serve as the regional confectionary and coffee hub...