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Journalist Sean Stancioff: World conglomerates could destroy small to medium-sized businesses

Photo: private libraryJournalist Sean Stancioff works as an editor-in-chief at Life.bg magazine. He manages a dozen staff members in the magazine’s office based in Bulgaria’s capital Sofia. Mr Stancioff has been working in journalism for the past 20 years. He worked mostly for 24 hour news television in London, Paris and New York. In his view, Bulgarian media is very opinionated and still has a long way to go and has to mark a significant improvement with regard to media freedom. Sean interviewed a lot of foreign CEO’s who do business in Bulgaria and learnt that some 20 years ago, in the beginning of the transition period, there was a pool of talent in Bulgaria and people were loyal to their employers, but when this country joined the EU in 2007, many people left to other states in search of better paid jobs and few stayed loyal to their companies. Moreover, many graduates come out of university and demand huge salaries from the start and when they are offered a slightly higher remuneration, they change employers. In his view, all of the above affects foreign investments in this country. The down side of the planned Transatlantic Trade and Investment Partnership between the USA and Europe is that world conglomerates could monopolize the market and destroy small to medium-sized businesses, Mr Stancioff told Radio Bulgaria. You can hear the whole interview with Sean Stancioff in the link below.

English: Kostadin Atanasov 



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