Specialists from Coface and BCCI presented strategies for increase of competitiveness
On 24th of September on a business roundtable under the project „Business development and growth“ Milena Videnova, Country Manager of Coface Bulgaria and German Germanov, Chief of Chamber of commerce in Dobrich, presented opportunities for increase of competitiveness to companies and banks.
The main topic was related to the financial strategies for better competitiveness which were presented by Milena Videnova. Representatives of SMEs and banks from the Dobrich region got acquainted with complex solutions for debtors research and payments insurance in case of deferred payment. In the current situation companies often require credit terms not because of their bad condition but due to the need for liquidity. Representatives of Coface underlined that „the risk can be mitigated using not only public information but expert opinion which can be received from Coface. Good receivables management ensure stability and contribute to the increase of the competitiveness“.
Mr. Germanov presented the activity of the chamber which offers a strong informational support to companies. This also contributes to the competitiveness of the companies.
The held roundtable is seventh of the series of regional initiatives under the project „Business development and growth” of Coface Bulgaria and teh Bulgarian chamber of commerce and industry (BCCI) and the regional chambers. The initiative has the goal to give a useful know-how to ensure stability, protection against risks ad financing of companies especially SMEs. During the roundtables a practical solutions for cash flow management and higher competitiveness on the Bulgarian and foreign markets are discussed.
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