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Sofia Investment Agency Publishes a Report on Tourism and Air Transport in Sofia for 2017

Sofia Investment Agency Publishes a Report on Tourism and Air Transport in Sofia for 2017

Sofia Investment Agency published the “Tourism and Air Transport in Sofia” report, prepared by the Investment Department at the Agency. The report contains data, analysis and conclusions on the tourism sector in the capital as of September 2017. The document presents an overview of the main indicators of the dynamic growth in the sector - number of tourists by country …

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BUSINESS

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Sofia Investment Agency Launches a Second “Sofia Meets” Project - Sofia Meets Denmark / Denmark Meets Sofia

Sofia Investment Agency Launches a Second “Sofia Meets” Project - Sofia Meets Denmark / Denmark Meets Sofia

Sofia Investment Agency (SIA) is in the run-up to the second “Sofia Meets” Project which is going to meet Sofia-based companies with companies from Denmark. The project will be held in two stages - Danish companies and partners will visit Sofia in November 27-28, 2017 and Sofia-based companies will visit Denmark in February 2018. The project is called Sofia meets …

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Cargo-partner to Open Logistics Center in Sofia in 2018

Cargo-partner to Open Logistics Center in Sofia in 2018

The Austrian Cargo-partner is constructing a modern logistics center near Sofia International Airport, scheduled to open in the beginning of 2018. The investment of 15.3 million euro will create more than 20 new jobs. The international transport and logistics provider plans to build the new logistics center in Sofia as part of the company’s strategic investments into strengthening its worldwide …

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Endava Opens its New Office in Sofia to Accommodate up to 400 IT Specialists by 2020

Endava Opens its New Office in Sofia to Accommodate up to 400 IT Specialists by 2020

At the end of September, the international IT company Endava opened a new office in Sofia, thus making the first step towards stable expansion of its team in Bulgaria. Strengthening its delivery capability in Central Europe, Endava entered the Bulgarian market at the end of 2016, through its merger with the software development company ISDC. The company announced its intention …

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Bosch Software Innovations to Expand Its Personnel in Sofia

Bosch Software Innovations to Expand Its Personnel in Sofia

Bosch Software Innovations recently announced its plans to significantly increase its capacity to develop IoT software in Bulgaria. The company is in search for both graduates and experienced engineers. The open positions are for Open Source Software (OSS) experts as well as Java developers for software solutions in the connected mobility, connected energy, Industry 4.0 and smart home areas. …

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AES Bulgaria Expands its Shared Service Center in Sofia, Coca-Cola to Relocate its HR and Financial Departments to Bulgaria

AES Bulgaria Expands its Shared Service Center in Sofia, Coca-Cola to Relocate HR and Financial Departments to Bulgaria

The leading investor in the Bulgarian energy sector, AES Bulgaria, opened its expanded Regional Shared Service Center in Sofia. The company has invested a total of BGN 2 million in the center so far, as part of its move to gradually expand its portfolio activities in Bulgaria. The center serves the company’s business in the areas of Finance, IT, Supply, …

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NEPI Rockcastle acquires Sofia’s Paradise Center EUR 252.9 mln - a Record High Price for a Real Estate in Bulgaria

NEPI Rockcastle acquires Sofia’s Paradise Center EUR 252.9 mln - a Record High Price for a Real Estate in Bulgaria

South African property investment fund NEPI Rockcastle reached an agreement to acquire Paradise Center - the largest retail center in Sofia, for 252.9 million euro. This is a record high price for a real estate in Bulgaria. Earlier this year NEPI acquired another shopping mall in Sofia - Serdika Center together with Serdika Office building, for a total price …

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The Opening of Еllipse Center Adds Another 18 763 sq. m. of business space to the business map of Sofia

The Opening of Еllipse Center Adds Another 18 763 sq. m. of business space to the business map of Sofia

By the end of 2017 the construction of the Ellipse Center will be completed - the distinctive elliptical shaped building is located on "Tsarigradsko shose" blvd. Its construction started in 2008 and was frozen in 2010 at the stage of Act 14, due to the global economic crisis. At the end of 2017, the investor resumed construction due to the …

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Eighteen Bulgarian companies in Coface CEE Top 500

Eighteen Bulgarian companies in Coface CEE Top 500

The number of Bulgarian companies included in the annual Coface CEE Top 500,  an annual publication on the biggest companies in the CEE region is 18. The  state-owned Bulgarian Energy Holding is the top ranking Bulgarian company and is the 25th ranking company in the index. Traditionally the index is dominated by  companies in the Energy, Automotive and Oil sectors. …

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Bulgaria Climbed One Position Up in the Global Competitiveness Index of WEF

Bulgaria Climbed One Position Up in the Global Competitiveness Index of WEF

Bulgaria's position in the ranking of the World Economic Forum Global Competitiveness Index is moving upwards for the sixth consecutive year. In the Global Index 2017/2018 Bulgaria is 49th out of 137 countries included in the ranking. Bulgaria started from 74th place in 2011 and last year occupied 50th place. The climb up to 49th place takes us ahead of …

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Five Bulgarian companies in LSE Group's "1000 Companies to Inspire Europe" report

Five Bulgarian companies in LSE Group's "1000 Companies to Inspire Europe" report

For a second year in a row, five Bulgarian companies have been included in London Stock Exchange Group's (LSE Group) "1000 Companies to Inspire Europe" report. Walltopia, El Stamana Ltd.q Fert Bul Ltd., Most Energy JSC and Furniture Videnov have made it to the prestigious list. “1000 Companies to Inspire Europe” ranks some of the fastest-growing and most dynamic small …

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S&P affirms Sofia at BB+, outlook positive

S&P affirms Sofia at BB+, outlook positive

In September Standard & Poor's affirmed its long-term issuer credit rating on Bulgaria's capital Sofia at BB+ with a positive outlook. The rating agency notes that the capital's economy remains stronger than the national average. In the rationale, the rating agency stated that Sofia enjoys high flexibility in adjusting its local revenues within certain brackets set by the central government. …

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“Sofia – a City for the People" Report

“Sofia – a City for the People" Report

On October 4, the Architecture and Urban Development Department of Sofia municipality, presented the "Sofia – a city for the people" report, in the presence of the mayor Yordanka Fandakova. The project, which started a year ago, aims at building and implementing a strategy for development of public spaces in Sofia. The presentation of the report was also attended …

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Download Sofia Green & Tech City Movie for your Business Meetings or Presentations

Download Sofia Green & Tech City Movie for your Business Meetings or Presentations

Sofia Green & Tech City Movie is available for download and may be used in connection with the promotion of Sofia. If you are a private or public organization, please feel free to download and embed the video as part of a presentation content or to show it during your meetings with foreign business partners when you need to …

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ENTREPRENEURS

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Escreo-ENG

“Why Sofia?” with Escreo

The founders of Escreo, Yassen Rusev, Elena Nikolova and Iskren Mitev, meet during an entrepreneurial program in the US in 2013. In the space where the training takes place, the walls are painted with marker as if they are whiteboards. Impressed by the idea, the young entrepreneurs decide to create their own product - a wall and furniture paint that …

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Current Financing Opportunities and Business Offers

Current Financing Opportunities and Business Offers

This article provides information on current financing opportunities and business partnerships. Information was provided to Sofia Investment Agency by organizers of initiatives and investment intermediaries. The presented opportunities concern small and medium-sized enterprises in all sectors. Links to organizations are available below to explore specific opportunities for expanding your business.    

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А Startup Association Was Set up in Sofia

А Startup Association Was Set up in Sofia

The "National Representation of the Bulgarian Entrepreneurial Community" Association was established and hosted by the initiative of the Ministry of Economy. The aim of the initiative is to represent the interests of startups and help them gain more publicity and protection. The new Association will be an active participant in different consultative and governing structures of the Executive authorities.

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Employment Growth Reported for Q4 2017, Employer Labor Costs on the Rise

Employment Growth Reported for Q4 2017, Employer Labor Costs on the Rise

Fourteen percent of the Bulgarian companies plan to hire more people in Q4 of 2017 according to a study by the human resources company “Manpower Bulgaria”. The study was conducted among 620 Bulgarian employers in 10 different industries who answered the question “How do you expect the total employment in your company to change in the last quarter of the …

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New Rules To Ease EU Blue Card Application Process

New Rules To Ease EU Blue Card Application Process

The Bulgarian Parliament has drafted legislative changes to simplify the procedure for the issuing of EU Blue Card - the approved EU-wide work permit that allows specialists from outside the EU to live and work in Bulgaria. The main amendment refers to the cancellation of the list of specific professions for which the employers are currently allowed to hire foreign …

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EVENTS

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Winners of the National Round of CESAwards

Winners of the National Round of CESAwards

Coursedot is the Bulgarian "Startup of the Year". The prize was awarded on September 25 at the official ceremony of the Central European Startup Awards (CESAwards) in Bulgaria, organized by the Association of Bulgarian Leaders and Entrepreneurs (ABLE). Another 11 companies received awards in the national round of the competition. The winners of all 12 categories will compete at the …

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Don’t Miss Out In Sofia

Don’t Miss Out In Sofia

Events in Sofia by the end of October:   Global Tech Summit Events, October 17-19 All listed events, being part of the Global Tech Summit, will be held in Sofia Tech Park. Java2Days is the 1st international Java conference in Eastern Europe established in 2009. During the years Java2Days took place as the premier Java event on the Balkans and …

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Sofia Investment Agency

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

contact@investsofia.com 

www.investsofia.com 

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