Банкеръ Weekly

Briefs

FINANCE MINISTER MILEN VELCHEV PAYS A VISIT TO CARLY FIORINA

On December 2 a Bulgarian delegation, headed by Finance Minister Milen Velchev, met for the first time in the 65-year history of Hewlett-Packard (HP) the head of the technological giant. The guests were received at the company's headquarters in Palo Alto, California, by the Carly Fiorina, HP BoD Chairperson and CEO. The meeting was attended by the Deputy Minister of Transport and Telecommunications Nedelcho Nedelchev, the Chairman of the Foreign Investment Agency Pavel Ezekiev, and Sasha Bezuhanova, Director General of HP Bulgaria. During the talks Ms. Fiorina and the Bulgarian officials discussed the possibilities for expanding the US company's investments in our country.The meeting is an acknowledgement of the contribution of HP's team in Bulgaria to the company's international experience. HP is a leading global supplier of products, technologies, services and solutions to consumers and corporate clients. The company's portfolio includes construction of entire IT infrastructures, PCs and equipment for INTERNET access, consulting services, printing and digital devices. HP's proceeds for the fiscal 2004 amount to USD79.9BN. Later on the Bulgarian delegation was accepted by Michael Lawrie, CEO of Siebel, and Edward Abbo, Senior Vice President, Technology and Chief Technology Officer of the company, specialized in the production of software systems for servicing clients. The delegation met with representatives of the Bulgarian community, employed in various companies in the Silicon Valley. They listened to a presentation of Bulgaria, showing the opportunities for investing in our country. On December 1 Finance Minister Velchev had a meeting with John Chambers, President and CEO of Cisco Systems, the biggest company in the Silicon Valley. Specific spheres of cooperation were outlined: INTERNET-coordinated solutions for education, e-government and cooperation for improving communication structures in Bulgaria. At the meeting with Intel's Vice President Jim Jarrett and the company's CEO Craig Barrett, Mr. Velchev discussed the opportunities for investments in Bulgaria in the sphere of scientific applicable research and other countries' experience in the informational society. Measures in the dialogue for realization of these investments were projected as well. Intel's executives underlined that Bulgaria ranks among the leading countries in the development of IT and they expected a quick progress in these sectors.

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