Uniting visions: Glavbolgarstroy in dialogue with global leaders in Davos

Glavbolgarstroy Archive: Prof. Klaus Schwab, Founder and Executive Chairman of the World Economic Forum (left) and Kalin Peshov, Chairman of the Board of Directors of Glavbolgarstroy Holding at the signing of the cooperation agreement in 2023.

Representatives of Glavbolgarstroy participated in international leadership meetings during the Annual Meeting in Davos, where the company, as part of the World Economic Forum and UN Global Compact networks, was included in key discussions. These events provided a platform for the exchange of ideas between leaders from different sectors, united by the pursuit of long-term solutions to overcome global economic challenges.

By participating in the debates, Glavbolgarstroy demonstrated its commitment to implementing modern technologies and creating sustainable and cost-effective solutions for the industry. The company also expressed its readiness to support important initiatives related to training qualified personnel, solving labor shortage problems and promoting economic growth.

During his visit to Davos, Kalin Peshov, Chairman of the Board of Directors of Glavbolgarstroy Holding, took part in a high-level strategic meeting organized by the UN Global Compact Network. The event brought together leaders from various economic sectors who discussed the current challenges facing business in the context of the complex geopolitical situation. During the meeting, various approaches and ideas used in the business strategies of companies participating in the Annual Meeting were presented.

Kalin Peshov also held a work meeting with Antonio Hautle, Executive Director of the UN Global Compact Network for Switzerland and Liechtenstein. During the discussion, the role of the private sector in supporting economic growth through the implementation of the UN Global Compact principles was discussed. Emphasis was placed on technological advances in the construction sector and the long-term economic benefits of investments in effective projects.

Among the topics of discussion were the possibilities for introducing good practices in the field of financial management and transparency. These approaches not only contribute to increasing the competitiveness of businesses but also provide significant economic benefits for local communities.

Among the key international meetings in Davos was a conversation with representatives of the second largest state in India, Tamil Nadu, whose GDP for 2023-2024 exceeds $323 billion. During these talks, the growing trade exchange between the Glavbolgarstroy group and Indian companies was discussed, together with the prospects for strengthening and expanding the business network with partners from that region.

Kalin Peshov emphasized Glavbolgarstroy's commitment to building sustainable international partnerships. He noted the successful purchase of goods from India for energy infrastructure projects, expressing readiness to deepen cooperation. Peshov emphasized the importance of efficiency, reliability and mutual economic benefits as the basis for future joint initiatives.

In addition, the strategic advantages of the province of Tamil Nadu were presented, among which the significant investments in the development of highly qualified personnel stand out. India invests purposefully in programs for the training of young specialists, who then successfully integrate into the professional environment, thanks to partnerships between business and educational institutions.

The Bulgarian construction holding held a meeting in Davos with Piet Demunter, CEO of Flanders Investment & Trade (Belgium). During the talks, Plamena Nenkova, Deputy Executive Director for Strategies, Communications & International Affairs, presented the activities of the Glavbolgarstroy Representative Office in Brussels. She emphasized the company’s active participation in numerous European associations and initiatives that play a key role in the EU legislative process and provide a platform for sharing the industrial sector’s perspective. Glavbolgarstroy’s role in international research projects was also discussed, including projects funded with EU grants for the development of new technologies and materials.

Translated by Tzvetozar Vincent Iolov