Presentation of COFACE in the "Cross-border business in the EU made easy" seminar
Milena Videnova, Country Manager of COFACE in Bulgaria, made a presentation on the European Commission Seminar on the issue of cross-border credit and claims management within the EU. The event took place on Thursday, 3 April 2014 in Radisson Blu Grand Hotel in Sofia.
SMEs often find it too daunting, complicated or expensive (consulting fees, legal counsel, document translation, etc.), to pursue legal action when needed, against companies or individuals in other Member States. They are also afraid they will not get paid.
The Sofia seminar on Cross Border Business was one of a series of national events whose purpose is to help SMEs to understand what options are available to them for successfully managing cross border credit and for recovering cross-borders payments. This will also help increasing their overall business efficiency and competitiveness.
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