Sofia Starts its Participation in the EC Digital Cities Challenge Project

Sofia Starts its Participation in the EC Digital Cities Challenge Project

  This month Sofia Investment Agency, together with Sofia Municipality and the Urban Mobility Center, launched its official participation in the European Commission's special training and networking Digital Cities Challenge program. Sofia is one of the 15 European cities selected to participate in the project. The cities will receive strategic support in solving and implementing city-specific projects. The EC program …

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BUSINESS

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The New Sofia Business Guide Now Available for Download

Sofia Investment Agency team is glad to present the new Sofia Business Guide - just published and now available for download from our website. Sofia Business Guide covers a wide range of topics, such as local economic data, labor force, education, transport and connectivity, industrial spaces, priority industries. The Guide also serves as a step-by-step handbook on how …

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Standard & Poor’s Upgrades Sofia’s Credit Rating from BB+ to BBB - with Stable Outlook

Standard & Poor’s Upgrades Sofia’s Credit Rating from BB+ to BBB - with Stable Outlook

The international rating agency Standard & Poor’s has affirmed its BBB- rating of Sofia Municipality. The S & P Global Ratings report noted that “there has been a significant rating event, namely the sale of the municipal share in Municipal Bank AD”. As a result, the assessment of the key factor “Contingent liabilities” has improved from “High” …

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Vienna and Sofia Discussed Good Practices for Urban Development

Vienna and Sofia Discussed Good Practices for Urban Development

On February 12-13, a team of Sofia Investment Agency attended business meetings in Vienna with representatives of Vienna Business Agency, Urban Innovation Vienna, the MA 23 Directorate of Vienna Municipality and Vienna 3420 AG. The meetings were organized by Eurocomm-PR Sofia, the international relations bureau at Vienna Municipal Council in Sofia. Vladimir Danailov, CEO of Sofia Investment Agency, and a …

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Forecasts for the Economy and Investments in Bulgaria and the Region for 2018

Forecasts for the Economy and Investments in Bulgaria and the Region for 2018

Following the final reporting of economic growth and investment data for 2017, the forecasts for the indicators we expect in 2018 also started. Here you can see the forecasts of several key institutions for the economic growth and investments in Bulgaria, not only at a local level, but also in comparison to the indicators for the region of Central and …

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Investment Volumes in Commercial Real Estate in CEE Reached €13B in 2017

Investment Volumes in Commercial Real Estate in CEE Reached €13B in 2017

According to the latest analysis prepared by Cushman & Wakefield, investment volumes in a commercial real estate in Central and Eastern Europe reached nearly €13 billion in 2017. All CEE countries grew at a similar rate with Poland growing most rapidly at 9% y-o-y. Foreign investors from North America, Asia, and South Africa dominate the market, followed by German and …

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Tourism in 2017 Hits Record High Revenue of 8 Billion Leva

Tourism in 2017 Hits Record High Revenue of 8 Billion Leva

A record-high growth was registered in the tourism sector in Bulgaria in 2017. The revenue in the sector for the year exceeded, the unprecedented amount of  8 billion leva. The revenue from foreign tourist spending grew by 9%, while that of Bulgarian tourists - by nearly 30%, compared to the previous year. Nearly 9 million foreign tourists visited Bulgaria for …

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fDi Intelligence Ranks Four Bulgarian Cities among the Most Attractive International Investment Locations

fDi Intelligence Ranks Four Bulgarian Cities among the Most Attractive International Investment Locations

Sofia, Plovdiv, Stara Zagora and Ruse rank among the most attractive locations for foreign investment in the next 2 years in the “European Cities and Regions of the Future 2018/19” ranking of fDi Intelligence – a department of Financial Times, specializing in areas relating to investment and promotion of the investment climate globally. The ranking is conducted every …

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Mobile 4G data speed in Bulgaria ranks 9th worldwide

Mobile 4G data speed in Bulgaria ranks 9th worldwide

Mobile data speed of operators across Bulgaria ranks 9th in the world, according to Global State of Mobile Networks Report of the wireless coverage research firm OpenSignal. The average Smart LTE download speed across the country is 33.3 Mbps. Faster internet speed is delivered only in Singapore, the Netherlands, Norway, the Republic of Korea, Hungary, Belgium, Australia and New Zealand. …

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Over 80% of the Automotive Companies in Bulgaria Plan to Expand Further

Over 80% of the Automotive Companies in Bulgaria Plan to Expand Further

The share of the automotive sector in Bulgaria in gross value added is 3.6% and has increased over the last 10 years more than 4 times, shows the second Research of the automotive industry in Bulgaria, jointly conducted by Automotive Cluster Bulgaria, Colliers and PwC. The automotive companies are now more than 130 and employ more than 37,000 people. Main …

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Melexis to Invest €75M to Expand Its Operations in Bulgaria

Melexis to Invest €75M to Expand Its Operations in Bulgaria

The Belgium-based electronic components producer Melexis plans to double its production capacity in Sofia, where the largest manufacturing facility of the company is currently located. Over the next five years, Melexis will invest 75 million euro to significantly extend its R&D activities, as well as its warehousing facilities, adding additional 15.000 sqm to its existing 7.500 sqm facilities in Sofia. …

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UK-based Ocado Technology to Triple Its Team in Sofia For a Standalone Software Development Center in Bulgaria

UK-based Ocado Technology to Triple Its Team in Sofia For a Standalone Software Development Center in Bulgaria (video)

UK-based Ocado Technology, the technology division of Ocado Group, to expand its existing team in Sofia from 50 to 150 engineers thus setting up its own dedicated and standalone software development center in Sofia. The company has signed a five-year lease for two floors totaling 2,000 m2 of floor space in a new office building close to Vitosha Metro Station …

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Chinese ThunderSoft Acquires Bulgaria’s IT Company MM Solutions

Chinese ThunderSoft Acquires Bulgaria’s IT Company MM Solutions

Chinese software company Thunder Software Technology Co (ThunderSoft) acquires MM Solutions AD - Bulgarian mobile image software provider, in a deal for 31 million euros. MM Solutions develops imaging for mobile phones, the Internet of Things and automobiles and is a leading European developer of state-of-the-art mobile and industrial graphics imaging technology with 16 years advanced image processing algorithm development, …

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Several Acquisitions of Bulgarian Companies

Several Acquisitions of Bulgarian Companies

Falcon.io, the The New York- and Copenhagen-headquartered leading social media and customer experience SaaS platform, announced its acquisition of the Bulgarian social media platform Komfo. The acquisition of Komfo consolidates Falcon.io’s position as the European market leader. The company enables its clients to explore the full potential of digital marketing by managing multiple customer touchpoints from one platform. Falcon.io’s diverse …

Повече информация.

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ENTREPRENEURS

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"Why Sofia?" with Zhivko Ivanov and Dimitar Georgiev from the Institute for Medical Research

"Why Sofia?" with Zhivko Ivanov and Dimitar Georgiev from the Institute for Medical Research

The Institute for Medical Research was set up in 2006 as a private scientific medical company. It started its active operation in 2015 when a physician and a financier became the Institute’s driving force and for the fourth straight year have been developing the IMR as the first fully private research institute in the field of medicine in Bulgaria. …

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BioSeek, the Bulgarian “Google” for Biotechnology research, launches its Demo Version

BioSeek, the Bulgarian “Google” for Biotechnology research, launches its Demo Version

A Bulgarian team launched a demo version of a fully integrated multi-component platform for the needs of scientific research in the field of Life Sciences. The platform is called Bioseek.eu and works through a qualitatively new type of semantic search algorithm that has been developed for more than a year by the team of Bioseek. The search engine is …

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BCCI Study on Attitudes of the Bulgarian Business towards Cooperation with Foreign Partners

BCCI Study on Attitudes of the Bulgarian Business towards Cooperation with Foreign Partners

More than 76% of the Bulgarian companies are looking for economic cooperation with partners abroad, according to a study of the Bulgarian Chamber of Commerce and Industry (BCCI). This aims mainly at increasing the exports of manufactured goods. At the same time, 36% of the companies are looking for import partners; 28% need partners for joint investment in Bulgaria and …

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VC Eleven Launches Eleven 2.0 with 6 million euros

VC Eleven Launches Eleven 2.0 with 6 million euros

Bulgarian venture capital fund Eleven announced Eleven 2.0 - the Founders Fund - a EUR 6 million entirely private investment fund to support local early-stage companies. The fund is supported by entrepreneurs and managers of large technological and traditional industries companies from Bulgaria and the USA. In the next 3 years, Eleven 2.0 will invest in about 20 companies with …

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Three Innovative Hubs in Bulgaria to Participate in the Project for Promotion of Digitization of the European Commission

Three Innovative Hubs in Bulgaria to Participate in the Project for Promotion of Digitization of the European Commission

Image source: Ministry of Economy Three innovative hubs from Bulgaria will participate in the European Commission’s Smart Factories in New EU Member States project. The Bulgarian teams have been selected among 140 candidates from Central and Eastern Europe, competing for the final selection of 34 hubs. The formal start of the EC initiative was given in Sofia by Alexander Manolev, …

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The PwC Campaign – 25 Reasons to Choose Bulgaria

The PwC Campaign – 25 Reasons to Choose Bulgaria

Nearly 1300 young Bulgarians participated in the “Your 25 Reasons to Choose Bulgaria” initiative organized by PwC Bulgaria. The initiative marked the 25th anniversary since the opening of the Bulgarian office of PwC, one of the biggest consultancy companies in the world. “Your 25 Reasons to Choose Bulgaria”  will offer a one-year scholarship in the amount of 6 000 lv., …

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Funding opportunities

Funding opportunities

On March 27 the Enterprise Europe Network at the Bulgarian Chamber of Commerce and Industry (BCCI) will hold exclusive bilateral business meetings with companies from Germany. The event is organized on the occasion of an official visit of a delegation from Germany to Bulgaria. Bulgarian participants will have the opportunity to meet with representatives of companies from the region of …

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EVENTS

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Sofia to Host the EBAN Annual Congress in June

Sofia to Host the EBAN Annual Congress in June

The EBAN Annual Congress is one of Europe’s largest and most international Business Angel events. The event also hosts the EBAN General Assembly, held annually by EBAN, members, and partners. This year’s event is the 18th in a raw and will be held in Sofia on 25-27 June 2018. The European Trade Association for Business Angels, Seed Funds, and Early …

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The Winners of BAIT’s Annual Awards for IT Achievements

The Winners of BAIT’s Annual Awards for IT Achievements

Image source: http://www.bait.bg On February 27, for a 7th year in a raw, the Bulgarian Association of Information Technologies (BAIT), presented its annual awards in 11 different categories, including two new categories – "Company with the largest contribution to the promotion of the image of the Bulgarian ICT industry in the world" and "Innovation Company in the Use of Advanced …

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Bulgaria INvestment Agency Awards Most Significant Investment Projects with the  “Investor of the Year” Awards

Bulgaria Investment Agency Awards Most Significant Investment Projects with the  “Investor of the Year” Awards

Image Source: http://www.investbg.government.bg The Bulgarian Investment Agency gave out its annual Investor of the Year Awards on  February 27 in Sofia. More than 70 companies from all sectors participated in the competition. The Awards were given for the 12th consecutive year in a total of 9 categories. The main criteria for determining the winners include the volume of the investment, …

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Don't Miss Out in Sofia

Don't Miss Out in Sofia

Don't miss out in Sofia in June:   Financial Forum Innovation, June 13 Financial Forum Innovation is an unique independent event dedicated to the financial innovations in Bulgaria. The event is organised by the Bank of the Year Association in partnership with UNWE. Innovations in financial sector are an increasingly significant factor in the development and success of financial institutions. …

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Sofia Investment Agency

12 Gen. Gourko St, 1000 Sofia, Bulgaria

contact@investsofia.com 

www.investsofia.com 

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