Invest Sofia to Join the DCC ‘Strategy for EU Cities in the 21st Century’ Conference

Invest Sofia to Join the DCC ‘Strategy for EU Cities in the 21st Century’ Conference

Sofia Investment Agency is pleased to announce that CEO Mr. Vladimir Danailov was invited to speak at the high-level conference 'Digital Cities Challenge: A strategy for EU cities in the 21st Century', that will be held on the 5th of June 2019 in Brussels. The conference will celebrate the work of the cities that have been part of the Digital …

Read more.

---

BUSINESS

---
The New Sofia Business Guide 2019 Now Available for Download

The New Sofia Business Guide 2019 Now Available for Download

Sofia Investment Agency team just published the new Sofia Business Guide 2019 – now available for download from our website. Sofia Business Guide covers a wide range of topics, such as the local economic development, labor force, education, cost of living, transport and connectivity, industrial spaces, priority industries, startup and entrepreneurial ecosystem, and many more. The Guide also serves as …

Read more.

---
Study Trip to Amsterdam - One of the Mentor Cities in the Digital Cities Challenge Project

Study Trip to Amsterdam - One of the Mentor Cities in the Digital Cities Challenge Project

Due to the successful cooperation established during the participation of Sofia Investment Agency in the European Commission’s Digital Cities Challenge (DCC) project, our team was invited to a study trip to Amsterdam by the Amsterdam Economic Board and the Amsterdam Smart City platform. Our team got acquainted with Amsterdam’s business and entrepreneurial development and smart city projects and initiatives. …

Read more.

---
Sofia Investment Agency and the Italian Chamber of Commerce in Bulgaria Sign a Memorandum to Support SMEs

Invest Sofia and the Italian Chamber of Commerce in Bulgaria Signed a Memorandum to Support SMEs

Image source: Italian Chamber of Commerce in Bulgaria

On March 27, 2019, Sofia Investment Agency and the Italian Chamber of Commerce in Bulgaria signed an agreement to support and develop bilateral trade and economic relations. In the presence of Mr. Francesco Calderoli, Deputy Ambassador of Italy in Bulgaria, Mr. Vladimir Danailov, CEO of the Agency, and Mr. Marco Montecchi, …

Read more.

---
Sofia Investment Agency Presented its Work on Sofia’s Digital Transformation Strategy at a Round Table under the Patronage of Bulgaria’s Head of State Rumen Radev  

Invest Sofia Presented its Work on Sofia’s Digital Transformation Strategy at a Round Table under the Patronage of the President Radev  

Vladimir Danailov, CEO of Sofia Investment Agency, presented the work of the Agency on the Digital Transformation Strategy of Sofia at the “Towards a Competitive and Prosperous Bulgarian Economy” round table organised by the Bulgarian Industrial Capital Association (BICA), the Bulgarian Industrial Association (BIA) and the Bulgarian Chamber of Commerce and Industry (BCCI). The forum was held under the …

Read more.

---
Sofia Investment Agency Takes Part in Student Scientific Conference "Contemporary Concepts of the Development of Smart Cities"

Invest Sofia Takes Part in Student Conference "Contemporary Concepts of the Development of Smart Cities"

Image Source: UNWE

More than 30 student projects were presented at a conference organized by the UNWE Student Council and the Regional Development Department of the university. Vladimir Danailov, CEO of Sofia Investment Agencyр was also part of the jury evaluating  the smart city development projects prepared by the students. I am glad to have taken part in the …

Read more.

---
Equinix to Open its Second Sofia-based Data Center

Equinix to Open its Second Sofia-based Data Center

  The American company Equinix invests $19 million to open its second data centre in Sofia at the beginning of April. The project SO2 was announced during the autumn of 2018 and will be located in Druzhba district near the Sofia Airport and only a kilometre away from the first data centre of Equinix - SO1. The international company offers …

Read more.

---
EIB Provides Two New Loans to Support SMEs and Digitization of Businesses in Bulgaria

EIB Provides Two New Loans to Support SMEs and Digitization of Businesses in Bulgaria

Image source: www.eib.org

The European Investment Bank (EIB) granted two new loans in Bulgaria: - a €20m loan to Raiffeisen Leasing, for investments in small and medium-sized companies (the second tranche of a €50m loan) - and a €18m loan to the global technology company Software Group – EIB’s first transaction with venture debt features in Bulgaria and backed …

Read more.

---
Seven Bulgarian Companies among FT1000 Fastest Growing Companies in Europe

Seven Bulgarian Companies among FT1000 Fastest Growing Companies in Europe

Image Source: ft.comPhotographer: Jasper Juinen/Bloomberg

Seven Bulgarian companies entered the prestigious Financial Times FT1000 ranking of the fastest growing companies in Europe. Six of the companies are based in Sofia. The exception is the Donau Star shipping and freight-forwarding company. This is the third edition of FT1000. In the previous two years Bulgaria was represented by only one organisation. …

Read more.

---
More than 80% of the Swedish Companies in Bulgaria Plan Expansion of Operations in 2019

More than 80% of the Swedish Companies in Bulgaria Plan Expansion of Operations in 2019

  More than 80% of the Swedish companies in Bulgaria plan to invest in their business during the current year. This information is based on a survey made by Business Sweden and is conducted in collaboration with the Swedish Embassy. The companies plan to invest the majority of their capital in staff, digital technologies, production and office facilities. The data was …

Read more.

---
Amendments to 142 Acts Aim to Digitalise a Large Number of Administrative Services for Citizens and Businesses

Amendments to 142 Acts Aim to Digitalise a Large Number of Administrative Services for Citizens and Businesses

The Council of Ministers plans major amendments in the model of administrative service. The move aims at reducing the administrative burden and improving the administrative services to citizens and businesses. Public consultations have already been conducted and amendments to a total of 142 different acts are foreseen. These changes are expected to affect the entire Administrative Procedure Code. The …

Read more.

---
Sofia and Bulgaria in the Rankings

Sofia and Bulgaria in the Rankings

  Sofia is placed 90th amongst 133 countries around the world in this year edition of Economist Intelligence Unit’s Worldwide Cost of Living 2019. In fact, our capital rises up by 29 positions compared to 2018 and is placed among the cities that made the biggest change in ranking compared to the previous year. According to the report: “Bulgaria is …

Read more.

---
Sofia’s Urban Environment – News in Brief

Sofia’s Urban Environment – News in Brief

Image source: Metropoliten Sofia

Sofia Municipal Council has approved the plan for two subway extensions. The third line planned to be 6 km long will link the Military Academy with Arena Armeec Hall and Poligona residential district. Another stretch of 2 km. to the first metro diameter will connect the Business Park with the Simeonovo lift.  …

Read more.

---

ENTREPRENEURS

---
"Why Sofia?" with Swedish-Bulgarian ATEM Entertainment

"Why Sofia?" with Swedish-Bulgarian ATEM Entertainment

Atem Entertainment was founded in 2003 in Sweden. Established by Maria Avramova and Christer Hägglund, the company works with film, animation and illustration, it designs and produces award winning music videos and short films, as well as games and books. The team also collaborates with other artists to bring their vision to life. Maria has over 14 years of experience …

Read more.

---
Sofia Tech Park Launches New Program to Support Innovators and Startups

Sofia Tech Park Launches New Program to Support Innovators and Startups

Image source: sofiatech.bg

Sofia Tech Park starts its new program for support of innovators and start-up companies from Sofia and Bulgaria. The goals and instruments of the program were presented at the first Investum Supersonic conference organised by the science and technology park. The Sofia Tech Park program will focus on the applied science and the commercialisation of the …

Read more.

---
Ten Bulgarian Startups to Receive Preferential Access to the TNW 2019 in Amsterdam

Ten Bulgarian Startups to Receive Preferential Access to the TNW 2019 in Amsterdam

Ten Bulgarian startups will receive preferential access to the Next Web Conference (TNW Conference 2019) - the technology festival in Amsterdam, considered as the heart of the startup environment in Europe, which this year will take place on May 9-10. Thanks to the team of Sofia Tech Park, more Bulgarian startups will be able to attend TNW, as they have …

Read more.

---
INNOWWIDE to Fund Companies for Entering the US Innovations Market

INNOWWIDE to Fund Companies for Entering the US Innovations Market

  The application process is now open for INNOWWIDE - the new European programme for seed funding of projects assessing the competitiveness and the potential for entering the USA market of innovations, services and products. At least 120 innovative SMEs and start-ups from the EU will be supported with up to €60,000 of funding per project. The funds will cover …

Read more.

---
Funding Opportunities

Funding Opportunities

  The Fund of Funds chose the “Morningside Hill” partnership, a company incorporated under the Obligations and Contracts Act, as a financial intermediary for the management of the Venture Capital Fund (VCF). The selected fund manager will provide public funds for management in the amount to BGN 47.1 million from the “Innovation and Competitiveness” 2014-2020 Operational Programme. Furthermore, it also …

Read more.

---

EVENTS

---
Sofia Participated in the EU Cluster Weeks

Sofia Participated in the EU Cluster Weeks

Image Source: Association of Business Clusters

The National Cluster Conference “Innovations and Clusters to a Knowledge-driven Economy” took place on March 26 - 27, 2019 in the John Atanasov Hall at Sofia Tech Park. The event was organised by the Association of Business Clusters in Bulgaria, under the patronage of the Ministry of Economy and with the partnership of …

Read more.

---
Upcoming Events in Sofia

Upcoming Events in Sofia

  Financial Tech Forum ‘The Metamorphosis of a Sector – the Digital World of Finance” For 21st consecutive year, the Financial Tech Forum ‘The Metamorphosis of a Sector – the Digital World of Finance” will gather financial institutions and technology companies to look into the metamorphosis of the industry and to highlight the topics that will shape the evolution of …

Read more.

---
---

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.