Introducing The New Sofia Tourism and Air Transport Market Report 2018

Two years ago, when Sofia Investment Agency started work, we identified 9 priority sectors for the city. Tourism was naturally one of them. Our team is glad to present the new Sofia Tourism and Air Transport Report 2018 we’ve been working on for the past two months. In short, for another year in a row, we are in the midst …

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BUSINESS

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Sofia Scores in Two “Smart City” Rankings

Sofia Scores in Two “Smart City” Rankings

Sofia ranks 94th with an average score of 3.78 / 10 among the 100 smartest and best future prepared cities in the Smart Cities 2017 index. The index measures the extent of implementation of technologies for smart urban management – systems for pollution control, traffic, energy use, etc. The ranking analyzes and evaluates a total of 500 cities around the …

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Bulgaria Ranks 11-th in the World in Share of Greenfield FDI

Bulgaria Ranks 11-th in the World in Share of Greenfield FDI

Bulgaria is 11-th in the world in share of greenfield foreign direct investment, according to the latest edition of Greenfield FDI Performance Index 2017. The term “greenfield investment” is used for projects where a company enters a new market and starts business from scratch. The Greenfield FDI Performance Index annual survey is conducted by fDi Intelligence, the Financial Times Data Analysis …

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Bulgaria Remains among the Top 20 Most Attractive Outsourcing Destinations

Bulgaria Remains among the Top 20 Most Attractive Outsourcing Destinations

Bulgaria remains in the top 20 of the annual ranking for the most attractive outsourcing destinations of the consulting company A.T. Kearney. The index of the consultancy comprises 55 countries and is calculated on the basis of three indicators - financial attractiveness, availability and qualification of staff and business environment. In 2015, our country was in the top ten but …

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Ernst & Young Places Bulgaria 29th in Number of Foreign Direct Investments

Ernst & Young Places Bulgaria 29th in Number of Foreign Direct Investments

Bulgaria was ranked 29th in terms of number of foreign direct investments attracted in 2017 according to Ernst & Young’s European attractiveness survey. Bulgaria secured 33 FDI projects in 2017 - a slight decrease compared to 2016 when they totaled 36. The new jobs created as a result of FDI were only 2 739 - decrease of 30% on 2016, …

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New association unites the fintech companies in Bulgaria

New association unites the fintech companies in Bulgaria

The Bulgarian Fintech Sector has own Association, which is quickly spreading its network of partners and members. The Bulgarian Fintech Association aims at providing a common ground for the fintech businesses in Bulgaria and developing the industry. The Association was founded by prominent professionals in the area, who desire to establish a strong network of  …

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Two Large Software Companies Open Development Centers in Sofia

Two Large Software Companies Open Development Centers in Sofia

Acronis Acronis Enters the Bulgarian Market after the Acquisition of T-Soft The Singapore-based Acronis, an international leader in cyber security and hybrid cloud solutions, has established its presence in Sofia following the acquisition of the Bulgarian company T-Soft. The two companies have been successfully collaborating since 2012, which motivated Acronis to further explore the investment opportunities for …

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Puzl CowOrKing Plans to Expand in Other CEE Countries

Puzl CowOrKing Plans to Expand in Other CEE Countries

Puzl CowOrKing, the largest coworking space in Sofia, announced its plans to build Puzl IT Hubs in the big cities of Central and Eastern Europe (CEE) in the coming years. The first destinations are Bucharest, Budapest and Prague. In recent months, Puzl has explored various cities and industrial buildings offering enough space to build new Puzl IT hubs to unite …

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Assets Managed by Local and Foreign Investment Funds Operating in Bulgaria Post a 21.2% Annual Growth

Assets Managed by Local and Foreign Investment Funds Operating in Bulgaria Post a 21.2% Annual Growth

For one year, the assets managed by local and foreign investment funds operating in Bulgaria grew by 21.2% (BGN 657.2 million) and reached a total of BGN 3.762 billion at the end of June, according to the latest statistics of the Bulgarian National Bank (BNB). By comparison, they amounted to BGN 3.105 billion a year ago. The quarterly investment …

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Technology Training Centers in Sofia Target Children at Primary School Age

Technology Training Centers in Sofia Target Children at Primary School Age

The number of training centers in Sofia that develop new technology skills programs for children at primary school age are increasing. Sofia offers a variety of courses and activities for preschoolers, not only for programming but also in a variety of fields such as 3d modeling, robotics, design, gaming, introduction to engineering. Here are …

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Sofia’s Urban Environment – News in Brief

Sofia’s Urban Environment – News in Brief

The first 20 electric buses and 82 natural gas buses have already been produced and are expected to arrive in Sofia by the end of the year. In 2019, another 60 new articulated natural gas buses will be purchased. Thus, in 2019, 90% of city transport buses will be renewed and the average age of the fleet will be …

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ENTREPRENEURS

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Brightive-Why-Sofia

"Why Sofia?" with Martyn Smith and Gordon Forsyth, founders at Brightive

Brightive, formally known as EHS Consulting is a project management/business analysis consulting company. In the beginning, EHS provided PMO (project management office) and BA (business analysis) services in the healthcare sector in the UK. Afterwards the company applied its knowledge and “know-how” in government, financial and utility sectors. Realising that its capabilities are moving beyond these industries, the company has re-branded …

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IBA.Bulgaria Platform Develops Various Functionalities to Support Business with Bulgarian Connection in Domestic and International Markets

IBA.Bulgaria Platform Develops Various Functionalities to Support Business with Bulgarian Connection in Domestic and International Markets

With the start of the new business season, the www.ibaconnect.com business platform, created by International Business Alliance.Bulgaria, has developed several new functionalities aimed at business cooperation and project development of Bulgarians in Bulgaria and around the world. The network was launched in the spring and aims to provide direct contact between users to cooperate in developing projects and partnerships and …

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Emerging Europe Alliance and the Nordic IT Sourcing Association Bring Inaugural Summit to Stockholm

Emerging Europe Alliance and the Nordic IT Sourcing Association Bring Inaugural Summit to Stockholm

As many local companies have expressed an interest in the Nordic markets, we are sharing an invitation to join the INNOTECH SUMMIT | DESTINATION NORDICS. The Summit, which will be held 23-24 October in Stockholm, has been developed to create partnerships between emerging European regions, partners and vendors with Nordic IT leaders. With over 40 speakers/thought leaders and over 200 …

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Invitations by Enterprise Europe Network at BCCI for Upcoming Bilateral Business Meetings   

Invitations by Enterprise Europe Network at BCCI for Upcoming Bilateral Business Meetings   

  Enterprise Europe Network at the BCCI provides full assistance for the overall organization, registration and attendance of the upcoming events described below. If you need additional information, you can contact the organization at the contact details listed below: European Innovation and Information Center Bulgarian Chamber of Commerce and  …

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Funding opportunities

Bulgarian American Credit Bank (BACB) and Sofia Municipality announced the launch of a joint program to finance innovative start-ups. The special guarantee scheme of the Municipal Guarantee Fund for Small and Medium-Sized Enterprises is already open for application. The priority areas of the program are innovations in the field of information and communication technologies, as well as new technologies …

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EVENTS

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Soft Unit Conference reveals opportunities for career growth in the Bulgarian technology sector

Soft Unit Conference reveals opportunities for career growth in the Bulgarian technology sector

The potential of the most important unit in every economy – the person, is the focus of the first edition of Soft Unit Conference, which will be held on September 28 and 29, 2018, in Sofia Event Center. The event is organized by SoftUni, one of the largest and most respected educational institutions in Bulgaria, in partnership with FlyEvents, …

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Upcoming Events in Sofia in September

Upcoming Events in Sofia in September

SECOND WORKSHOP UNDER THE DIGITAL CITIES CHALLENGE PROJECT / PHASE 2 September 10, 2018 In September, Sofia Investment Agency will organize the Paths of Digital Transformation Workshop as part of the European Commission’s Digital Cities Challenge project. The workshop is part of Sofia’s participation in the Digital Cities Challenge project /Phase 2: Formulation of a Strategy for the Digital …

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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.