State-and-Development-IT-Sector-Report-Sofia-2017-eng

Sofia Investment Agency Published a Report on the IT Sector in Sofia

Sofia Investment Agency published its “State of the IT Sector in Sofia 2017” report earlier this month. Listed below are some of the main highlights of the report. The IT Sector Accounts for 5.7% of the Sofia Economy, a growth of 50% between 2011 and 2015 from 3.8% to 5.7%. The growth can be explained with the fact that the …

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BUSINESS

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Sofia Investment Agency Presents a new Online Map of the Office and Industrial Areas in Sofia

Sofia Investment Agency Presents a new Online Map of the Office and Industrial Areas in Sofia

For the last several months the team of Invest Sofia has been busy mapping the industrial and manufacturing footprint in Sofia. We are  very glad to announce that a website displaying the beta version of the new industrial and office maps of Sofia is ready and has gone live. Please view on desktop for full capabilities. The website, …

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London and Sofia to Collaborate in Providing Free Support to Entrepreneurs  

London and Sofia to Collaborate in Providing Free Support to Entrepreneurs  

London and Sofia agreed to provide free support to entrepreneurs willing to start a business in the two capitals. The support will include the provision of a free office, assistance with accommodation and transport in the city, promoting and contacts with local businesses. Thus, Sofia entrepreneurs will receive the necessary support in their first steps on the London market …

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Bulgarian Outsourcing Sector Registers Another Year of Double-digit Growth

Bulgarian Outsourcing Sector Registers Another Year of Double-digit Growth

Bulgarian outsourcing sector claims a 3.6% share of GDP for 2016 and shows a continuous double-digit growth for seven years in a row, shows data from the Bulgarian Outsourcing Association (BOA) annual industry report Bulgarian Outsourcing Industry Report 2017. The sector’s share in GDP in 2015 was 3.4% and 2.8% in 2014. Bulgaria’s BPO sector remains the leading segment with …

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Lufthansa Technik Sofia Invests EUR 35 Mln in a Move to Make its Sofia Airport Base the Largest in Europe

Lufthansa Technik Sofia Invests EUR 35 Mln in a Move to Make its Sofia Airport Base the Largest in Europe

With its investment of EUR 35 million, Lufthansa Technik Sofia (LHT) has completed the expansion of its base at Sofia Airport, making it the largest in Europe. Following the investment, the capacity of the civil aviation repairs and maintenance center includes a new hangar and a new 8-storey building with offices and workshops. The investment will help the center to …

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Dynamo Software Announces Majority Investment from Francisco Partners

Dynamo Software Announces Majority Investment from Francisco Partners

Dynamo Software, the premier provider of configurable, cloud-based investment management software for the alternative asset investment industry, today announced a majority investment from Francisco Partners, a global, technology-focused private equity firm. The investment from the US-based fund will provide Dynamo with a capital partner to support the company’s continued growth and product innovation. Terms of the deal were not fully disclosed, but …

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One Out of Five IT Specialists in Bulgaria Plans to Change Job Within a Year

One Out of Five IT Specialists in Bulgaria Plans to Change Job Within a Year

One out of five IT specialists in Bulgaria plans to change their job within a year, according to data from the study of technology startup for recruitment of IT staff Code Agents, conducted in September among 500 specialists in the sector. In addition to those 21% planning to change their jobs, another 10% are actively looking for a new opportunity. …

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Two Bulgarian Companies in Deloitte CE Technology Fast 50 for 2017

Two Bulgarian Companies in Deloitte CE Technology Fast 50 for 2017

Titan Gate and Accedia are the fastest-growing technology companies in Bulgaria according to Deloitte 2017 Fast 50. Deloitte CE Technology Fast 50  ranks fast growing innovative tech companies in Central and Eastern Europe. Poland and Croatia were the best-performing countries in the ranking this year. Two Bulgarian companies made the list, Titan Gate ranked 16th and Accedia ranked 26th.   Key …

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trade-exhibition-bulgarian-producers

The Bulgarian Companies at the GITEX Exhibition in Dubai

Eight  Bulgarian companies took part in the largest technology exhibition in the Middle East - GITEX in Dubai. The exhibition took place from October 8 to 12 at the World Trade Center in Dubai. The participants were personally selected by the GITEX organizers after the InvestBulgaria Agency (IBA) sent all the applications submitted to the organization during the application …

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Last Phase of the of Expo 2000 Office Park Was Completed

Last Phase of the of Expo 2000 Office Park Was Completed

Phase 4 of the construction of the Expo 2000 office park is now completed. This was the last planned extension and the most ambitious investment in the office park located on ​​Nikola Vaptsarov blvd in Sofia. The seven-storey building has a total gross leasable area of 13,400 sq.m, of which 12,002 sq.m are first class office areas. The building has …

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ENTREPRENEURS

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Bulgaria Ranks 50th in World Bank's Ease of Doing Business 2016 Report

Bulgaria Ranks 50th in World Bank's Ease of Doing Business 2016 Report

Bulgaria ranks 50th among 190 economies globally in the fifteenth Ease of Doing Business report of the World Bank. In the previous two editions, the country ranked higher – 38th in 2015 and 37th in 2016. The drop is not due to deterioration in Bulgaria's performance but rather due to the fact that other countries have reformed better than …

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Business Offers and Funding Opportunities

Business Offers and Funding Opportunities

Funds to be allocated by the Fund Manager of Financial Instruments in Bulgaria EAD A BGN 1.2 billion of unused funds under operational programs will be available to the Bulgarian business following December 2017. The money comes from the European Structural Fund for the programming period 2014 – 2020. A single body - the, so called,  “Fund of Funds”, will …

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Three Bulgarian Entrepreneurs to Join Endeavor Network

Three Bulgarian Entrepreneurs to Join Endeavor Network

The international entrepreneurial network Endeavor selected three new entrepreneurs from Bulgaria at its 75th International Selection Panel (ISP). Part of the Global network now are Zornitsa Chugreeva, executive director of HelloHungry – the largest platform for food delivery in Bulgaria (BG Menu) and Romania (Oliviera) together with Vladimir Davchev, founder and majority owner of HelloHungry. The third winner is …

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2016/17 GEM National Report on entrepreneurship in Bulgaria

2016/17 GEM National Report on entrepreneurship in Bulgaria

  The 2016/2017 GEM National Report on Entrepreneurship was announced on October 20, as part of the Annual Conference of the Global Entrepreneurship Monitor (GEM). This is the second annual GEM National Report for Bulgaria. The Conference Path To Positive Change was organized in partnership with Capital newspaper and supported by the European Commission Representation in Bulgaria and Ernst&Young. For …

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EVENTS

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Don’t Miss Out in Sofia

Don’t Miss Out in Sofia

Don’t miss out in Sofia in November:   BalRec - Investment and Real Estate Marketing Conference Sofia Event Center, November 8 BalRec conference is the most influential public platform for discussion in the real estate and investments sector. The event gathers high level representatives from the most active companies within the investment projects in Bulgaria: investors and investment funds, …

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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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