The American Bulgarian Business Association (ABBA) and the Bulgarian Industrial Association (BIA), a nationally represented employers’ organization supporting Bulgarian businesses, recently held their first meeting to discuss potential collaboration and future partnership initiatives.
During the productive meeting, both organizations explored avenues for cooperation and identified areas of mutual interest. Notably, BIA expressed its willingness to facilitate a meeting between ABBA experts and their members who seek to expand their presence in the United States market. This meeting aims to provide valuable insights into the business environment, state-specific requirements, and industry-specific considerations, while allowing participants to ask targeted questions about cross-border business operations. With ABBA’s mission to support small and medium-sized businesses in both the Bulgarian and American markets, partnerships with organizations like BIA play a crucial role in facilitating relationships and establishing valuable connections.
By joining forces, ABBA and BIA strive to foster business growth, expand opportunities, and strengthen economic ties between Bulgaria and the United States.
President
Sevdalin Spasov is the founder and CEO of M Holding.
The holding company was founded in 1996 and includes the following companies MANIA Sustainable Fashion, TEXX TEAM, GREEN TEAM Worldwide Environmental Group, Fashion Brands and others. In Bulgaria, the holding’s activities are best known for Mania stores, and at the moment, there are nearly 50 operating stores in different locations, as well as a recently opened one in Greece.
In 2012 Sevdalin Spasov started operating in the USA by opening GREEN TEAM Worldwide Environmental Group,
a company dealing with the collection and recycling of unwanted textiles. GREEN TEAM currently operates with 11 bases in 12 US states, as well in Vancouver, Canada.
More than 600 people all over the world are directly involved in the activities of M Holding.
Since 2018, Sevdalin Spasov has held the position of Chairman of the Bulgarian Association of Circular Textiles (BACT)
Joining ABBA has provided me with the insight that I have gained valuable personal and professional experience that I should pass on to aspiring young entrepreneurs who may need guidance or direction. Over the past nearly 30 years, I have gained a wealth of knowledge and experience from my business ventures on both sides of the ocean. It is time for me to share these insights completely free of charge with anyone who may benefit from them.