Sofia Took Part in the 2nd City Academy Seminar for the European Commission’s Digital Cities Challenge

Sofia Took Part in the 2nd City Academy Seminar for the European Commission’s Digital Cities Challenge

The Second Academy Seminar of the Digital cities Challenge project took place on May 16-17 in Brussels. Sofia took part as a participating city, one of the first seven European cities selected for the Challenge. As a participating city, over the next year, Sofia will be receiving field advisory services by a dedicated expert, a local …

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BUSINESS

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EU’s New Budget to Double the Funds for Investments in Digitalization for Programming Period 2021-2027

EU’s New Budget to Double the Funds for Investments in Digitalization for Programming Period 2021-2027

This May the European Commission revealed its proposal for the EU budget for the next programming period 2021-2027. The final budget will be announced in 2019, but the main trend is clear - a 5% cut in the Cohesion Policy and the Common Agricultural Policy allocation, and at the same time a planned increase in a number of items. The …

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Bulgaria Stands Third in the FinTech Industry in Central and Eastern Europe

Bulgaria Stands Third in the FinTech Industry in Central and Eastern Europe

According to an analysis of the FinTech companies in Central and Eastern Europe conducted by UniCredit, Bulgaria stands 3rd in terms of number of FinTech companies. The largest share has Russia, followed by Turkey. According to the report, the company which received the most significant funding amounting to 25 Million euro is in Bulgaria and operates in the sphere of risk …

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Google and SoftUni Digital Start Free Digital Training in over 37 Cities in Bulgaria

Google and SoftUni Digital Start Free Digital Training in over 37 Cities in Bulgaria

On May 14, Google launched its Digital Garage project /learndigital.withgoogle.com/digitalengarazh/ in cooperation with SoftUni Digital /digital.softuni.bg/ and in partnership with the Bulgarian Chamber of Commerce and Industry. 12 consultants specially trained by Google, will hold free seminars and individual trainings in more than 37 cities in Bulgaria. The trainers will focus on the opportunities provided by the digital world and …

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Coca-Cola Opens Its 2nd Largest Globally IT Center in Sofia

Coca-Cola Opens Its 2nd Largest Globally IT Center in Sofia

The Coca-Cola Company officially opened its new regional Intelligent Technology Development Center in Sofia with an investment of 1,374 million leva. The Bulgaria Center is now the 2nd largest IT center of the company in the world, the biggest one is situated in Atlanta, Florida, US. The new center will deliver top-in-class services for the company’s global operations. The focus …

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Festo to Invest 25.6 mln. Euro in a New Production Unit in Sofia

Festo to Invest 25.6 mln. Euro in a New Production Unit in Sofia

Image Source: www.festo.com   The German company Festo plans to invest 25.6 million euro to build a stepper and motors production unit in Sofia. Along with the construction of its third production unit in Sofia, the company intends to increase its workforce in Bulgaria to 2,000 employees by 2020. Currently, Festo employs 1,000 people in the country. Festo opened its …

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EC Raises Expectations for Bulgaria's Economy

EC Raises Expectations for Bulgaria's Economy

According to the European Commission's forecast for Bulgaria’s economic growth, the country’s economy will continue to grow steadily, with a 3.8% expected growth of its gross domestic product. The EC's forecast from February was for a growth of 3.7%, but the expectations were improved in the spring macroeconomic forecast. The growth is expected to be mainly driven by the domestic …

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Investment Certificate Application Procedure to be Streamlined

Investment Certificate Application Procedure to be Streamlined

Amendments to the Investment Promotion Act will relieve large investors in order to attract investments. Two documents will no longer be required by investors when they apply for a certificate of investment class or a priority investment project, namely the Certificate of Lack of Liabilities to the Municipality and the Criminal Conviction Certificate. The amendments have already been voted …

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Polygraphia Office Center Opens Doors at a Special Ceremony

Polygraphia Office Center Opens Doors at a Special Ceremony

Another new office building was opened in Sofia - Polygraphia Office Center. The building has a key location in the heart of the city near Orlov most, Tsarigradsko shose and the Borisova garden. The complex covers an office area of 35 000 sq. m. and has some 3000 employees of large international companies already working there. …

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Bulgarian Convention Bureau Takes Part at the IMEX Exhibition in Frankfurt

Bulgarian Convention Bureau Takes Part at the IMEX Exhibition in Frankfurt

IMEX, the largest specialized exhibition for congress and business trips, was held on May 15-17 in Frankfurt. The organizers of the exhibition reported a record-high participation of nearly 3 500 exhibitors from more than 150 countries, who presented new business opportunities, trends and innovations in the congress industry. At the exhibition, all participating destinations were also …

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Brief News about Sofia’s Urban Environment

Brief News about Sofia’s Urban Environment

Sofia Airport now offers playgrounds for its youngest passengers. The entertainment halls are located in both Terminal 1 and 2, after the security check, and are suitable for children aged 2-7 years. The passengers of Terminal 2 can also benefit from areas for watching movies while waiting for their flights. In April, Sofia Airport saw a new growth of …

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ENTREPRENEURS

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Why Sofia With Nikolai Todorov from Delishu

Why Sofia With Nikolai Todorov from Delishu

The creators of Delishu, Nikolai Todorov, Stilyana Todorova and Maria Dimitrova, launched their activities in 2013 by creating their own unique recipe for a revolutionary probiotic “cheese” made of cashew, called Delishu. The product was successfully accepted in restaurants and shops in Sofia. In 2016 the team won a place in the Rinker’s Challenge training …

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Telerik Creates SEE’s Largest Private Incubator for Tech Companies and Talent

Telerik Creates SEE’s Largest Private Incubator for Tech Companies and Talent

Telerik’s founders announced the creation of Campus X – an incubator for startups and developed technology companies, mentors and venture investors. The project was announced a month ago by the co-founders of Telerik and Telerik Academy, who signed a USD 263 million deal to sell Telerik AD to US Progress Software in 2014, making one of the biggest deals in …

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Funding opportunities

Funding opportunities

ProCredit Bank Bulgaria Increases its Support for SMEs through an Agreement with the EBRD ProCredit Bank will be provided with some fresh EUR 50 million from the European Bank for Reconstruction and Development (EBRD) for the development of small and medium-sized enterprises (SMEs) in Bulgaria. Within the project, the two banks will aim to improve the access of SMEs - …

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trade-exhibition-bulgarian-producers

Upcoming Trade Shows and Exhibitions to Showcase Your Business

 CTEF, Shanghai 23 - 25 August 2018 | International Chemical Technology & Equipment Fair The China Chemical Technology & Equipment Fair (CTEF) takes place at Shanghai New International Expo Centre in Shanghai. With 450+ exhibitors from about 40 countries, TEF is China’s largest trade show of its kind. Visitors can have a look at the most innovative technologies, …

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EVENTS

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Bulgaria’s first ever Biotech Atelier

Could Biotech Make 10% of the GDP in Bulgaria?

Bulgaria’s first ever Biotech Atelier will be held on September 25, 2018, at the John Atanasoff Innovation Centre in Sofia Tech Park (https://biotech-atelier.com/). The aim of the initiative is to gather leading Bulgarian and international experts in the fields of value-based healthcare, intellectual property, real-world data (RWD) and real-world evidence (RWE), health technology assessment (HTA), entrepreneurship in the field …

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Sofia to Host the EBAN Annual Congress in June

Sofia to Host the EBAN Annual Congress 

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 …

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Sofia Will Host Its Own Automotive Expo

Sofia Will Host Its Own Automotive Expo

This October Sofia will be able to boast with its own forum and expo dedicated to the automotive industry and the automotive parts and components market. AUTOMOTIVE FORUM & EXPO 2018, SOFIA will be the first of its kind for Bulgaria. The first edition of the Forum will be held from 18 to 21 October 2018. The event will be …

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Balkan Hackathon 2018 – Breaking the Digital Borders

Balkan Hackathon 2018 – Breaking the Digital Borders

Programmers from all Balkan countries will meet in Sofia, at the science and technology park Sofia Tech Park on June 27-28, to encode the digital future of Europe. ‘Balkan Hackathon 2018 - Breaking the Digital Borders’ will gather the best programmers, start-ups and established IT companies from all Balkan countries to find prototype solutions to the challenges related to Europe's …

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The 10th anniversary edition of Webit.Festival Europe starts in less than a month!

The 10th anniversary edition of Webit.Festival Europe starts in less than a month!

Impactful and futuristic - that's how Webit - the influential Forum for Innovation, Policies, Investments, Digital Economy and Entrepreneurship in Europe for 2018 can be described! This year the festival doubled its size and moves to a new venue -  Arena Armeec! A new special Lounge has been announced - Webit Fountain Networking Lounge! The New Fountain Lounge  …

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Don’t Miss Out in Sofia in June

Don’t Miss Out in Sofia in June

Hotel & Tourism Investment Forum I 6-7 June 2018 The Hotel & Tourism Investment Forum (HTIF) is a unique gathering of industry influencers and practitioners as well as key experts in tourism and hospitality investments, active or interested in the Southeastern European markets. This dynamic networking and deal-making conference is an opportunity to gain insights on major industry trends …

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Sofia Investment Agency

12 Gen. Gourko St, 1000 Sofia, Bulgaria

contact@investsofia.com 

www.investsofia.com 

SIA’s newsletter has no commercial content. We only publish informative articles – news, events and statistics about Sofia as an investment destination. We hope you find them useful. If not, you can unsubscribe from the bottom link that is part of the newsletter email.