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StartUp Navigator Is Mapping The Entrepreneurship Ecosystem in Bulgaria and the Region

StartUp Navigator Is Mapping The Entrepreneurship Ecosystem in Bulgaria and the Region

The Bulgarian startup ecosystem has a new online arena where individuals, teams or organizations with an entrepreneurial mindset can step on the scene, connect with others, and participate actively in everything that happens in this vibrant environment. The website is named StartUp Navigator - a platform that aims to provide visibility and to facilitate the connection between people with new …

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BUSINESS

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EU-Additional-Funding

31 Companies Get Additional Funding under OP “Innovation and Competitiveness”

In the middle of August, 31 Bulgarian companies received additional funding from the Ministry of Economy under the “Support for development of innovations by start-ups” procedure. The total amount of the additional funding is BGN 11.4 million and the largest contract amounts to BGN 391 thousand. The additional contracting was made possible following a proposal by the Ministry of Economy …

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Bulgaria’s Investment Volume in Commercial Properties Grows Most in CEE, Office Space Market is Still Dynamic

Bulgaria’s Investment Volume in Commercial Properties Grows Most in CEE, Office Space Market is Still Dynamic

Colliers consulting company released a market analysis of the commercial property market in Central and Eastern Europe for the first half of 2017, which states that  Bulgaria is the fastest growing market. The analysis reports an increase of 213% on an annual basis in the volume of investments in Bulgaria in the second quarter. This is the highest growth …

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Capital 100 Bulgaria’s Biggest Companies

Capital 100 Bulgaria’s Biggest Companies

Capital 100 – Bulgaria’s Biggest Companies, the annual ranking of local business weekly Capital, showed that ten years after Bulgaria's accession to the European Union and after the crisis, the country's economy seems stable and for thousands of companies the year has been their best so far. According to data of the NRA, the revenues for 2016 of all …

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Vayant Travel Technologies Sold for USD 35 Mln

Vayant Travel Technologies Sold for USD 35 Mln

Vayant Travel Technologies, a Bulgarian-based company, was sold for US 35 million to US PROS Holdings. Vayant is registered in the United States but is created by Bulgarians and currently almost the entire team of nearly 90 employees is based in Sofia. The company has offices and dealers in both London and Singapore. Vayant provides airlines with a SaaS …

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Credissimo Is Bulgaria’s Only Nominated Company for European FinTech Awards 2017

Credissimo Is Bulgaria’s Only Nominated Company for European FinTech Awards 2017

Credissimo is the only Bulgarian company nominated by the organizers for the prestigious European FinTech Awards 2017. The nomination is in the "Alternative Finance" category and the company competes for the "European Innovation of 2017" award as well. The contest was open for voting by the wide audience. The public voting in the "Alternative Finance" category, ranked Credissimo 9th among …

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Economy Grows 3.6% in Q2, Salaries Go Up

Economy Grows 3.6% in Q2, Salaries Go Up

The economy grew by 3.6% in the second quarter of 2017, the average gross salary increased by 9.9% and the employment rate in Bulgaria is record high since the years before the crisis, according to data of the National Statistical Institute (NSI).   GDP Bulgaria’s Gross Domestic Product (GDP) increased by 3.6% year-on-year in the second …

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MF Suggests Tax Law Changes To Reduce Administrative Burden on Citizens and Business

MF Suggests Tax Law Changes To Reduce Administrative Burden on Citizens and Business

On the web site of the Ministry of Finance (MF), a draft of an Act amending and supplementing the Tax and Insurance Procedure Code (Amendment and Supplement Act of TIPC), as well as a draft of the Regulation on Amendment and Supplement of the Regulation on the application of the Excise Duties and Tax Warehouse Act and the grounds for …

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Company Tax Liability Report Now Available Electronically

Company Tax Liability Report Now Available Electronically

As of 14.08.2017 state institutions that organize tenders under the Public Procurement Act or EU projects can now electronically receive reports on tax liabilities of applicant companies to Sofia Municipality. Electronic reports are free of charge and are available after registration of the persons, authorized by the respective state authority on the site of Sofia Municipality https://www.sofia.bg/state-institutions-and-municipalities. If the tax …

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Free Electrobus Connects Sofia Airport’s Two Terminals

Free Electrobus Connects Sofia Airport’s Two Terminals

From early August passengers at Sofia Airport can use the new free of charge bus connecting the two terminals of the airport. The bus is electric, with a capacity of 65 passengers, equipped with folding seats and a specific area for fixture of wheelchairs as well as a wheelchair ramp. This ensures a convenient and environmentally friendly free of charge …

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Chinese Investors on the Lookout for Bulgarian Partner to Build a Photovoltaic System

Chinese Investors on the Lookout for Bulgarian Partner to Build a Photovoltaic System

Chinese companies are interested in the opportunities for building photovoltaic power systems in Bulgaria, the Sofia Municipal Privatization & Investment Agency /SIA/ reports. Companies are looking for local partners operating in the renewable energy sector. Appropriate partners are landowners or stakeholders and organizations within the field of photovoltaic power system construction. Chinese partners are ready for a direct …

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Digital Planet 2017: How Competitiveness and Trust in Digital Economies Vary Across the World

Digital Planet 2017: How Competitiveness and Trust in Digital Economies Vary Across the World

At the beginning of July Fletcher School at Tufts University in collaboration with Mastercard, released the Digital Evolution Index (DEI17) which analyzes the state and rate of digital evolution across 60 countries. This evolution is the outcome of an interplay among four drivers - Supply Conditions, Demand Conditions, Institutional Environment, and Innovation and Change. The research captures about 170 …

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ENTREPRENEURS

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Birlibam-eng

“Why Sofia?” with Vladislav Mihaylov, CEO of Birlibam

Please tell us briefly about your investments in Sofia? What does your company do in Bulgaria and outside? “Birlibam” is a new, fresh and unique way to introduce yourself. It is the modern face of the old, well-known paper business card. Created in the form of an application, it is an innovative and easy-to-use solution that helps creating, exchanging and …

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ICT Cluster Foundation To Fund Young Entrepreneurs and People with Business Ideas Under "Erasmus for Young Entrepreneurs"

ICT Cluster Foundation To Fund Young Entrepreneurs and People with Business Ideas Under "Erasmus for Young Entrepreneurs"

If you have a business idea or have already started your own business in the last 3 years, the "Erasmus for Young Entrepreneurs" program gives you the opportunity to spend from 1 to 6 months in one of the EU Member States and 10 other associated countries where you can gain experience from successful entrepreneurs and learn how to …

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Fintech Developers and Software Specialists Apply for the First CEE Hackathon of Unicredit and the International Accelerator ABC

Fintech Developers and Software Specialists Apply for the First CEE Hackathon of the International Accelerator ABC

Following “Fintech Accelerator”, the program of Raiffeisen Bank International, another financial institution launched a contest for innovative developments in the field of fintech solutions. In August, Unicredit, in partnership with the international accelerator ABC, announced the first Central and Eastern Europe hackathon for software specialists and fintech developers. Those willing to take part had to complete the participation form until …

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WBAF Applications for Start-ups, Scale-ups & High-growth Businesses are now live

WBAF Applications for Start-ups, Scale-ups & High-growth Businesses are now live

For the first time ever, the WorldBusiness Angels Investment Forum opens its doors to Start-ups, Scale-ups and High-growth businesses. BABA – Bulgarian Association of Business Angels to lead the selection process. On 19 - 20 February 2018, angel investors will come together in Istanbul at the annual meeting of the World Business Angels Investment Forum 2018: THE TAKE INVEST SUMMIT …

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Microsoft to Invest 2 mln for AI in Agriculture and Environmental Challenges

Microsoft to Invest 2 mln for AI in Agriculture and Environmental Challenges

On a dedicated event in London, Microsoft announced the launch of a new initiative - AI for Earth, which aims to detect and develop artificial intelligence (AI) projects that will help solve important issues related to water, agriculture, biodiversity and climate change. AI for Earth plans to grant $2 million in innovative projects which include the use of Microsoft services …

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EVENTS

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32 Bulgarian Startups Are Among CESAwards 2017 Finalists

32 Bulgarian Startups Are Among CESAwards 2017 Finalists

A total of 32 Bulgarian companies compete in the Central European Startup Awards (CESAwards 2017), which aims to distinguish the best businesses in the region. The competition deadline for voting for local winners among the finalists announced on the CESAwards website expired on August 23. At local level, the initiative is led by the Association of Bulgarian Leaders and Entrepreneurs …

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“Innovative Enterprise of the Year” Is Open for Applications

“Innovative Enterprise of the Year” Is Open for Applications

The 13th edition of the “Innovative Enterprise of the Year” is now open for applications by Bulgarian companies which have successfully developed and implemented innovative solutions. The awards are organized by the Applied Research and Communications Fund and Enterprise Europe Network – Bulgaria, with the support of the EU. The initiative aims at promoting innovative products, processes, services and practices …

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Don’t Miss Out in Sofia

Don’t Miss Out in Sofia

Don’t Miss Out in Sofia in September: Forum “Career in Bulgaria. Why not?”, September 5 At Inter Expo Center shall be held the 10th edition of the biggest Bulgarian career forum for Bulgarians abroad. The Forum gathers Bulgarians abroad with over 100 employers, in order to present the variety of professional opportunities in the country. The purpose of the …

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Sofia Investment Agency

pl. "Petko R. Slaveykov" 6, 1000 Sofia, Bulgaria

+359 2 980 0467 / +359 898 243 555

contact@investsofia.com 

www.investsofia.com 

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