Sofia Investment Agency Publishes a New Report on the Economic and Investment profile of Sofia

The team of Sofia Investment Agency published its new report titled ‘Sofia: Economic and Investment Profile’, developed by the Institute for Market Economics for Sofia Investment Agency. The paper contains data and analysis of the leading industries, the target sectors for investments, the importance of infrastructure, local taxes and business conditions, as well as information about Sofia’s performance in comparison …

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BUSINESS

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Digital Cities mayors sign Declaration of Cooperation at Mayors Summit

Digital Cities Mayors sign Declaration of Cooperation at Mayors Summit

On December 4, the Digital Cities Challenge Project of the European Commission brought together the mayors of the participating cities for a summit of knowledge sharing and collaboration on the digital transformation of Europe driven by the cities. Sofia was presented by Vladimir Danailov, CEO of Sofia Investment Agency. Sofia was among the first 7 cities approved to take part …

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SIA Takes Part in the 27th Convention of the Italian Chambers of Commerce Abroad

SIA Takes Part in the 27th Convention of the Italian Chambers of Commerce Abroad

 At the invitation of Ms. Rosa Cusmano, chief secretary of the Italian Chamber of Commerce in Bulgaria, Sofia Investment Agency participated in the 27th edition of the Convention of the Italian Chambers of Commerce Abroad. The conference was held on November 10-13 in Verona, Italy. Mr. Vladimir Danailov, CEO of Sofia Investment Agency, was invited to present the activities …

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Sofia Investment Agency Presents 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 took part in the VI St. Petersburg International Congress “St. Petersburg and the Slavic World”, held on November 28-30, 2018 in St. Petersburg. Sofia was represented by a team of Sofia Investment Agency with a presentation during the plenary sessions …

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SIA Presents Sofia’s Investment Environment at the Second Lebanon-Bulgarian Business Forum

SIA Presents Sofia’s Investment Environment at the Second Lebanon-Bulgarian Business Forum

Vladimir Danailov, CEO of Sofia Investment Agency, presented the business environment in Sofia and current sectoral data during the Second Lebanon-Bulgarian Business Forum, held on November 12 at Intercontinental Hotel in Sofia. The Forum was organized by the Bulgarian Chamber of Commerce and Industry (BCCI), the Lebanon-Bulgarian Business Council, the Chamber of Commerce, Industry and Agriculture of Beirut and …

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Sofia-based ‘Playground Energy’ Develops New Technology for Smart Urban Environment

Sofia-based ‘Playground Energy’ Develops New Technology for Smart Urban Environment

The innovation allows real-time data transfer from playground facilities and outdoor gyms The Sofia-based Playground Energy is working on a new technology that will send data on child activity on playgrounds to a server that visualizes the data directly on the location in Google Maps. The innovation is another motive for children to play more in the open because …

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The Sofia-Based E-Car Sharing Company Spark to Expand to Bucharest

E-Car Sharing Company Spark to Expand to Bucharest

Spark, the first electric car sharing company in Bulgaria, announced its plans to enter the market in Romania. Spark launched its business a year ago in cooperation with the Bulgarian company Eldrive, active in building infrastructure for charging stations for electric cars, and with the Lithuanian e-car sharing company Rideshare. In September 2017, Spark started its activities with 25 …

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FinTech Company PremFina and Publisher News UK to Expand into Sofia

FinTech Company PremFina and Publisher News UK to Expand into Sofia

The News UK media group will form a technology team in Sofia in partnership with Questers' office in Bulgaria. The partnership will accelerate the strategic growth of the group behind some of the most powerful media brands in the English-speaking world, such as The Times, The Sun and The Sunday Times. With the rapid increase in digital consumption, the technology …

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Cargill’s Bulgarian Operations Have Grown to over 1,100 Employees

Cargill’s Bulgarian Operations Have Grown to over 1,100 Employees

Cargill’s Business Services Centre in Sofia has grown to over 1,000 people this month, making it one of the largest in Bulgaria and significantly changing the footprint of Cargill’s operations in the country. Overall more than 1,100 people now work in one of three offices in Bulgaria dedicating their time and expertise to business services, …

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Two Bulgarian Companies Awarded among the Best Startups in Europe

Two Bulgarian Companies Awarded among the Best Startups in Europe

Image source: ec.europa.eu

Two Bulgarian companies were awarded among the best startups in Europe at the European Commission’s Startup Europe Awards. These are Enova for its water pollution monitoring system based on a new generation of biosensors and Biomyc for the development of an economical and biodegradable alternative to polystyrene from agricultural waste and mushrooms. The awards ceremony was held …

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The Sofia-based Micar Innovation is One of 250 Companies listed in Roots Analysis Study on "Computer-Aided Drug Discovery Services Market 2018-2030"

Micar Innovation is One of 250 Companies Listed in Roots Analysis Study on "Computer-Aided Drug Discovery Services Market 2018-2030"

Micar Innovation is a "factory" for discovering new drug molecules. The company has found a niche to create big public impact by improving the quality of people's lives through new blockbuster drug molecules for a large range of medical issues. Micar Innovation is focused on non-clinical Proof-of-Concepts (PoCs) in preclinical R&D field and Hit-to-Lead (H2L) achievements in fields such …

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Health & Life Sciences Cluster Alliance Established in Sofia

Health & Life Sciences Cluster Alliance Established in Sofia

The first Health & Life Sciences Cluster in Bulgaria has recently been established. Just a few months after the commencement of the initiative to consolidate companies from the sector, the newly created Cluster successfully launched a number of projects and already enjoys wide representations and potential for development of large partnership network with local and international clusters and organizations. …

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The Public and Private Sectors Present Pilot Project Proposals under Digital Cities Challenge

The Public and Private Sectors Present Pilot Project Proposals under DCC

In November, Sofia Investment Agency held three working meetings with representatives of the sectors of ICT, transport, utilities and city administration, aiming to identify the first pilot projects that will work for the digital transformation of Sofia. The local meetings are part of the European Commission’s Digital Cities Challenge program, where Sofia will participate together with 40 other cities. The …

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Bulgaria Ranks 59th in World Bank’s Doing Business Ranking

Bulgaria Ranks 59th in World Bank’s Doing Business Ranking

Bulgaria gave up its 50th position to rank 59th in World Bank’s Doing Business 2019 ranking. The annual analysis assesses the conditions for business development in countries around the globe, based on the performance of 41 indicators, grouped into 10 sub-indicators: starting a business, dealing with construction permits, getting access to electricity, registering property, paying taxes, trading across borders, …

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Study: Trade supports over 36 million jobs across the EU

Study: Trade Supports over 36 Million Jobs Across the EU

Two new studies published by the European Commission highlight the increasing importance of EU exports for job opportunities in Europe and beyond. EU exports to the world are more important than ever, supporting 36 million jobs across Europe, two thirds more than in 2000. 14 million of these jobs are held by women. In addition, EU exports to the world …

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Sofia’s Business Environment - Another Year of Growth

Sofia’s Business Environment - Another Year of Growth

Sofia’s business environment had another year of growth. Once again the capital was the richest region in the country, with the highest GDP per capita (2.3 above the average for Bulgaria), with a 40% contribution to the national economy and 52% of the attracted foreign investments in the country. Sofia and the region further strengthened their leadership position on …

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Sofia’s Urban Environment – News in Brief

Sofia’s Urban Environment – News in Brief

New Buses to Serve the Lines to Vitosha Mountain Ten buses for the lines to Vitosha Mountain will be replaced by semi-touring buses “Mercedes” with eco-standard EURO5. The new vehicles are equipped with manual gearboxes because of the mountain terrain, as well as luggage carriers, which will allow for easier transportation of ski, sledge and other equipment. For the …

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ENTREPRENEURS

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“Why Sofia?” with Lars Fredenlund, CEO at Cobuilder

“Why Sofia?” with Lars Fredenlund, CEO at Cobuilder

Cobuilder is an international company set up in Norway that develops innovative software products for the construction industry. In 2013, Cobuilder chose Sofia to establish its first subsidiary - Cobuilder International. With its initial team of two employees, the operations in Bulgaria were mainly related to data entry into information systems serving the Norwegian market. In 2014, the team …

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International Business Alliance.Bulgaria to Consult Bulgarian Companies on How to Expand to Foreign Markets

International Business Alliance.Bulgaria to Consult Bulgarian Companies on How to Expand to Foreign Markets

Bulgarian companies from all sectors may request a one-time consultation free of charge with a mentor from the International Business Alliance.Bulgaria (IBAConnect.com) networking business platform. This is the first of its kind global initiative and networking platform to build an international online business network with a Bulgarian connection. If you need to know more about the business environment and the …

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Bulgarian Companies from All Sectors Can Join the ICAP Trade Exchange Program

Bulgarian Companies from All Sectors Can Join the ICAP Trade Exchange Program

Bulgarian companies from all sectors can join ICAP Trade Exchange - the only data exchange network on inter-company payment behavior and credit discipline in Bulgaria. The program is developed by ICAP Group, one of the largest groups offering business services in Southeast Europe, which also has a subsidiary in Bulgaria for 11 years. The program provides exchange and management of …

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Join the Bulgarian Delegation Within the Framework of SENCON Dakar

Join the Bulgarian Delegation Within the Framework of SENCON Dakar

At the invitation of the Portugal-Senegal Chamber of Commerce and Industry, construction and real estate companies from Sofia and Bulgaria can join the Bulgarian delegation within the framework of the SENCON Dakar - International Building, Building Materials And Construction Machinery Fair to be held in April 2019, in Senegal. The exhibition is held for the fourth consecutive year at …

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Funding Opportunities

Funding Opportunities

BCCI’s  SEEWBAN Project for Female Entrepreneurs Female entrepreneurs will have the opportunity to present their business ideas to business angels at the upcoming meetings under the SEEWBAN project of the Bulgarian Chamber of Commerce and Industry (BCCI). Events will take place under the so-called ‘pitch’ format and will aim to enable female entrepreneurs to present their projects and to establish …

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EVENTS

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The Wait Is over - the Pilot Episode of the Golden Apple Animated Series Is Ready!

The Wait Is over - the Pilot Episode of the Golden Apple Animated Series Is Ready!

All announced tour dates were booked in a matter of hours, but new tickets will be released for Sofia! The end of 2018 surprised the fans of the Golden Apple - the first animated series based on Bulgarian legends and folklore – with a long-awaited news. At the beginning of November the creators of the series, Studio Zmei animation, officially …

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Webit.Festival Europe Is Launching a New Summit: Climate|Tech

In 2019, Webit.Festival Europe will host one more separate event - Climate|Tech, aiming to address climate change related challenges, create dialogue between institutions, academia and enterprise and to pave the way to change. By 2050, 2/3 of the global population will live in cities. More than 70% of the global demand for infrastructure over the next 15 years is expected …

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Upcoming Events in Sofia

Upcoming Events in Sofia

Microsoft Global AI BootCamp The Global AI BootCamp is a free one-day event organized by local communities all over the world that are passionate about Artificial Intelligence on the Microsoft stack. The event takes place on the 15th of December on venues all over the world centrally organized by our HQ in the Netherlands, supported by Microsoft. The …

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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.