Sofia and Vienna Enter Agreement to Support Start-ups

Sofia and Vienna Enter Agreement to Support Start-ups

On October 22, following an official meeting of Sofia Mayor, Mrs. Yordanka Fandakova, and the mayor of Vienna, Mr. Michael Ludwig, the two cities signed a City-to-City Agreement to provide business support to companies that want to start operations in the partner capital. The agreement mainly targets companies from the Financial technologies and Biotechnology and Life Sciences sectors. The agreement …

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BUSINESS

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Sofia Becomes the First City to Present Bulgaria at Messe München after Participating at EXPO REAL

Sofia Becomes the First City to Present Bulgaria at Messe München after Participating at EXPO REAL

At the initiative of the Association of Commercial Building Owners in Bulgaria (ACBO), Sofia Investment Agency presented the investment profile and investment opportunities in Sofia in the construction and real estate sector at the biggest real estate and investment forum in Europe – EXPO REAL 2018, held in Munich. For the first time in the history of the exhibition, Sofia …

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SIA presented Sofia and Bulgaria at Fórum Bizfeira in Portugal

SIA presented Sofia and Bulgaria at Fórum Bizfeira in Portugal

 At the invitation of Emídio Sousa, Mayor of Santa Maria da Feira, Portugal, Sofia Investment Agency presented the investment profile of Sofia and the business opportunities in the capital at the International Fórum Bizfeira in Portugal. For a 4th year in a row Biz Feira Business Forum is organized by Santa Maria da Feira, a municipality near Portugal’s second …

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Sofia’s Digital Cities Challenge Project Moves to a Strategy Development Stage

Sofia’s Digital Cities Challenge Project Moves to a Strategy Development Stage

Sofia Investment Agency, on behalf of the city of Sofia, continues its participation in the Digital Cities Project of the European Commission and is now moving into the strategy development and consolidation phase of the Project. The Digital Cities Challenge is an initiative of the European Commission aiming to achieve sustainable economic growth in Sofia through the integration of …

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Sofia Investment Agency Publishes a New Report on the Role of Small and Medium Enterprises in Sofia’s Economy

Sofia Investment Agency Publishes a New Report on the Role of Small and Medium Enterprises in Sofia’s Economy

The team of Sofia Investment Agency published its new report titled "The Role of Small and Medium Enterprises in Sofia’s Economy ", developed by the Institute for Market Economics for Sofia Investment Agency. The paper contains data and analysis of the state and trends of small and medium-sized enterprises in Sofia, based on their development over the past …

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Bulgarian Outsourcing Association Publishes its Annual Industry Outsourcing Report

BOA Publishes its Annual Industry Outsourcing Report

The Bulgarian Outsourcing Association (BOA) published its 2018 Annual Industry Report on the development of the outsourcing sector in Bulgaria. The results are based on data about 477 Bulgarian companies engaged in business process outsourcing (BPO) and information technology outsourcing (ITO). According to the report: ▪  In 2017, the sector boosted its revenues growth to 18.2% y/y and the …

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Acronis Opens New Office in Sofia, Establishing European R&D Center for Cyber Protection, AI and Blockchain Projects

Acronis Opens New Office in Sofia, Establishing European R&D Center for Cyber Protection, AI and Blockchain Projects

Image source: Acronis Bulgaria I Acronis, a global leader in cyber protection and hybrid cloud solutions, has officially launched its new European office and R&D center in Sofia. The grand opening was held on St. Stefano Street in the heart of Sofia, where the company currently occupies two floors of San Stefano Plaza. The Singapore-based company starts operations in Sofia …

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The Japanese Game Dev Company SEGA Shifts QA Team from London to Sofia

SEGA Shifts QA Team from London to Sofia

  The European division of the Japanese game developer Sega announced that it is relocating its quality assurance team from London to Sofia, Gamesindustry.biz reported. The move will take place over a two-year period, with the new Sega Development Services Sofia launching in June 2020. "Bulgaria is a European leader for IT development, home to regional offices for some of …

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DHL Express Bulgaria Opens New Logistics Hub in Sofia

DHL Express Bulgaria Opens New Logistics Hub in Sofia

DHL Express invested a total of EUR 10 million to open a new logistics center in Sofia. The facility covers an area of 10 000 sq. m. and is located close to Terminal 2 of Sofia Airport.   The hub is equipped with high-tech automatic sorting system that will boost the processing capacity to 3000 parcels per hour. Loads will …

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"cargo-partner" EOOD  Celebrated 15 years in Bulgaria

"cargo-partner" EOOD  Celebrated 15 years in Bulgaria

Image source: "cargo-partner" EOOD I “cargo-partner” opened its first office in Sofia in 2003. Following its development strategy, "cargo-partner" strengthened its position in the country with offices in Varna (2014) and Plovdiv (2017). The company launched its operations with a major focus on air transport, but the "cargo partner" management became quickly aware of the need to develop the full …

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Ten Bulgarian Companies Rank in SeeNews SEE Top 100

Ten Bulgarian Companies Rank in SeeNews SEE Top 100

Ten Bulgarian companies enter the SEE Top 100 ranking of the independent business news agency SeeNews. Two of them are positioned in the top ten – the Burgas-based refinery Lukoil Neftochim Burgas is ranked 5th and the Pirdop-based copper processing plant Aurubis Bulgaria, the biggest Bulgarian exporter, accounting for 9% of the country’s exports, is placed 6th. The other …

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Bulgaria Ranks 51st among 140 Countries in World Economic Forum’s Global Competitiveness Index

Bulgaria Ranks 51st among 140 Countries in World Economic Forum’s Global Competitiveness Index

Bulgaria is positioned 51st with 63.6 points out of 100 in this year’s edition of the Global Competitiveness Index, prepared by the World Economic Forum. The index measures the ability of each country to provide prosperity for its citizens. The score of each country is based on 12 main categories, including general macroeconomic stability, institutions, labor market, financial system, …

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The ‘Citizens’ Mobile App Reports Growth in the Number of Alerts Received by Citizens and Cases Solved

The ‘Citizens’ Mobile App Reports Growth in the Number of Alerts Received by Citizens and Cases Solved

Only six months after moving to a new backend platform and launching new functionalities for citizens and institutions, the Citizens (Grajdanite) mobile app reported an increase of more than 37% in the number of alerts submitted to the administration by citizens and over 23% more solved cases. The project was launched in 2015 and Sofia Municipality is partnering in the …

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Sofia is Second in Europe by Foreign Visitors Growth in 2017

Sofia is Second in Europe by Foreign Visitors Growth in 2017

  Sofia ranks second in Europe by growth of foreign visitors in 2017, according to Mastercard’s Global Destination Cities Index. The ranking is based on a comparison between the number of visitors in a given year with the number of visitors in the previous year. With a growth of 15.2% compared to 2016, the Bulgarian capital ranked immediately after Istanbul …

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ENTREPRENEURS

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"Why Sofia?" with Aleksey Rubtsov, Managing Director at Luxoft Bulgaria

"Why Sofia?" with Aleksey Rubtsov, Managing Director at Luxoft Bulgaria

Aleksey Rubtsov, Managing Director at Luxoft Bulgaria Luxoft (NYSE:LXFT) is a global IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare …

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Call For Bulgarian Students for the Shapers of Tomorrow Mentoring Programme

Call For Bulgarian Students for the Shapers of Tomorrow Mentoring Programme

CALL FOR MENTEES For the Shapers of Tomorrow Mentoring Programme The Bulgarian Chevening Association Mentorship Programme   The Bulgarian Chevening Association in cooperation with British Bulgarian Business Association is proud to announce the launch of the pioneering mentoring program Shapers of Tomorrow Mentoring programme developing under a CAPF2018 project. The aim is to support the professional and personal development of …

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Funding Opportunities

Funding Opportunities

Hungarian OTP Bank Accepts Applications for its International Startup Program The Hungarian OTP Bank will be accepting applications from companies from all over the world, including Bulgaria, for its OTP Startup Program until the end of November. Start-up and scale-up companies with products and solutions in the financial sector are eligible to apply. The three-month program will start at …

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EVENTS

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Sofia Investment Agency to Present Sofia at St. Petersburg International Innovation Forum

Sofia Investment Agency to Present Sofia at St. Petersburg International Innovation Forum

At the invitation of Georgiy Poltavchenko, governor of St. Petersburg, to Mrs. Yordanka Fandakova, mayor of Sofia, the Bulgarian capital will take part in the VI St. Petersburg International Congress “St. Petersburg and the Slavic World”, to be held on November 28-30, 2018 in St. Petersburg. Sofia will be represented by a team of Sofia Investment Agency with a presentation …

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Java2Days and CodeMonsters Announced Complimentary #Explorer Pass

Java2Days and CodeMonsters Announced Complimentary #Explorer Pass

Java2Days and CodeMonsters - the largest professional events focused on software development not only in Bulgaria but in Eastern Europe, announced a complimentary #Explorer Pass for technology professionals and enthusiasts. The conferences will take place in parallel from 27th to 29th of November in the National Palace of Culture - right in the center of Sofia - the innovative …

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Upcoming Events in Sofia in November

Upcoming Events in Sofia in November

BalREc BalREc conference is the most influential public platform in Bulgaria for discussion in the real estate sector and investments. The event gathers high-level representatives from the most attractive companies in the field of investment projects in Bulgaria: investors and investment funds, banks, consultants, legal companies, asset managers and others, to discuss and analyze market tendencies and forecasts …

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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.