Tailor-made solutions for locating your project, business or research activities in Sofia
Information and analyses relevant to establishing business activities in Sofia, including strategic
strengths, business climate, investment incentives, business costs and location factors such as
distribution, work environment and human resources
A comprehensive opportunity and benchmarking service. Quality-cost matrix compares Sofia with
other locations in the region.
Facilitating contacts and networks with potential partners, public authorities, research and
educational institutions.
Practical assistance in setting up a base in Sofia.
Aftercare programme to grow your business once you are here.
As the regional ICT center, Sofia is home to over 50 000 IT professionals.
The city has attracted global IT R&D leaders like SAP Labs, HP, VMware, IBM, CISCO that already operate large R&D centers in Sofia employing, educating and developing thousands of highly qualified professionals.
The city has been gaining popularity as a start-up destination with a developing start-up ecosystem.
Sofia has already proven itself as an attractive global BPO center, with professionals working in more than 30 different languages.
The city’s new focus, however, is to shift to smart-sourcing, building on its highly skilled and competitively priced talent pool - over 50% of the city’ population holds a university degree - that can offer attention on innovation and excellence.
Sofia has great manufacturing traditions and the main focus of the capital is the establishment of high-value added productions and the introduction of cyber-physical systems, automation and data exchange in manufacturing technologies.
The competitive real estate, energy and labor costs, as well as business-friendly tax frame and large labor pool, make greenfield development an attractive option.
Many Bulgarian producers are looking for partnerships with foreign companies and offering the advantages of market knowledge and established logistics networks.
The life sciences industry is one of the fastest growing sectors of the Bulgarian economy.
Bulgarian pharmaceuticals have strong traditions in the production of generics and, more recently, the clinical trials sector has grown into a 400 million leva per year industry.
Favourable cost base, competent medical personnel and developed mechanisms for technology transfer and know-how sharing are the factors contributing to the further growth in the sector.
The high level of digital skills and the developing start-up ecosystem make Sofia an interesting place for medical tech start-ups and bio/pharmaceutical R&D.
The focus on life sciences innovation will only increase in the coming years due to the demographic and economic circumstances in Europe.
Sofia is one of the greenest capitals in Europe - the ratio of trees to people is one of the highest on the continent.
The city has an extensive public transit system and is surprisingly compact for its population of 1.3 million people.
After a period of intensive infrastructure development that included the construction of 61 km of metro line by early 2020 to serve 500 000 passengers daily, the focus has now shifted to implementing comprehensive urban environment solutions. These should solve specific urban issues like air pollution, energy efficiency and water & waste management.
Sofia is 2nd in Europe in growth of international visitors for 2017 – 15.2%. Sofia is also among the TOP 5 cities in Europe with the highest overall growth of international visitors for 2009 – 2017, with an average increase of 9% per year. The strong upward trend continues with several new airlines announcing direct flights to destinations in Europe and beyond.
Many new cultural attractions, vibrant street life in summer and rich festival and event calendar year long make Sofia an increasingly recognizable tourist destination.
Major international hotel chains are due to enter the Sofia market in 2019 doubling the number of 5-star rooms in the city.
NDK - the biggest convention center in the city, has undergone a major renovation in preparation for the Bulgaria’s EU Presidency in 2018.
Sofia is the Bulgarian national center of cultural and creative industries: 3/4 of the Bulgarian CCI workforce is located here.
About 5% of all people employed in Sofia are working in the creative sector that includes, among others, advertising, architecture, crafts, design, film, interactive leisure software i.e. video games.
With high-level of digital penetration, Sofia is a great place for R&D in the area of smart city solutions. Those are solutions that improve the quality of life of the citizens by enabling the city to use technology, information and big data to improve planning, infrastructure and services in all areas.
The areas of development are e-governance and citizen services, urban mobility, energy, waste & water management.
With 406 660 m² of shopping centers, Sofia is a mature retail market that is expected to grow steadily over the next several years.
Two trends to keep in mind are the increasing share of non-grocery retailing and the growth of e-commerce. Close to 90% of the purchases were made from Bulgaria-based online sellers and over 70% of the orders were in the Fashion segment. Тhe e-commerce market is projected to grow to 3.4 million users by 2021.
The absence of major e-commerce players like Amazon combined with high digital penetration and well-formed e-commerce habits makes Sofia a good test market for new business models, while the low use of e-banking services and Cash On Delivery payments may pose a threat to the sector’s growth.
Striving to become the regional ICT center, Sofia is home to over 50 000 IT professionals and boasts one of the highest average internet connection speeds in Europe.
The city has attracted global IT R&D leaders like SAP Labs, HP, VMware, IBM, CISCO that already operate large R&D centers in Sofia employing, educating and developing thousands of highly qualified professionals.
The city has been gaining popularity as a start-up destination with a developing start-up ecosystem.
Sofia has already proven itself as an attractive global BPO center, with professionals working in more than 30 different languages.
The city’s new focus, however, is to shift to smart-sourcing, building on its highly skilled and competitively priced talent pool - over 50% of the city’ population holds a university degree - that can offer attention on innovation and excellence.
Sofia has great manufacturing traditions and the main focus of the capital is the establishment of high-value added productions and the introduction of cyber-physical systems, automation and data exchange in manufacturing technologies.
The competitive real estate, energy and labor costs, as well as business-friendly tax frame and large labor pool, make greenfield development an attractive option.
Many Bulgarian producers are looking for partnerships with foreign companies and offering the advantages of market knowledge and established logistics networks.
The life sciences industry is one of the fastest growing sectors of the Bulgarian economy.
Bulgarian pharmaceuticals have strong traditions in the production of generics and, more recently, the clinical trials sector has grown into a 400 million leva per year industry.
Favourable cost base, competent medical personnel and developed mechanisms for technology transfer and know-how sharing are the factors contributing to the further growth in the sector.
The high level of digital skills and the developing start-up eco system make Sofia an interesting place for medical tech start-ups and bio/pharmaceutical R&D.
The focus on life sciences innovation will only increase in the coming years due to the demographic and economic circumstances in Europe.
Sofia is one of the greenest capitals in Europe- the ratio of trees to people is one of the highest on the continent.
The city has an extensive public transit system and is surprisingly compact for its population of 1.3 million people.
After a period of intensive infrastructure development that included the construction of 61 km of metro line to serve 500 000 passengers daily, the focus has now shifted to implementing comprehensive urban environment solutions to answer specific urban issues like air pollution, energy efficiency and water & waste management.
The number of visitors to Sofia grew by 15% in 2017, continuing a strong upward trend with several new airlines announcing direct flights to destinations in Europe and beyond.
The many new cultural attractions, vibrant street life in the summer and rich festival and event calendar year long make Sofia an increasingly recognizable tourist destination.
Major international hotel chains are due to enter the Sofia market in 2019 doubling the number of 5-star rooms in the city.
NDK, the biggest convention center in the city, underwent a major renovation for Bulgaria’s EU Presidency in 2018.
Sofia is the Bulgarian national center of cultural and creative industries: 75% of the Bulgarian CCI workforce is located here.
About 7% of all people employed in Sofia are working in the creative sector that includes, among others, advertising, architecture, crafts, design, film, interactive leisure software i.e. video games.
With high-level of digital penetration, Sofia is a great place for R&D in the area of smart city solutions. Those are solutions that improve the quality of life of the citizens by enabling the city to use technology, information and big data to improve planning, infrastructure and services in all areas.
The areas of development are e-governance and citizen services, urban mobility, energy, waste & water management.
With 406 660 m² of shopping centers, Sofia is a mature retail market that is expected to grow steadily over the next several years.
Two trends to keep in mind are the increasing share of non-grocery retailing and the growth of e-commerce.
In 2015, 25% of the population of Southwestern Bulgaria (a region that includes Sofia) made an online purchase. This amounts to nearly half a million people.
Close to 90% of the purchases were made from Bulgaria-based online sellers and over 70% of the orders were in the Fashion segment.
With 70% of Bulgarians expected to have internet access by 2019, the e-commerce market is projected to grow to 3.4 million users by 2021.
The absence of major e-commerce players like Amazon from the market combined with high digital penetration and well-formed e-commerce habits, together with the expectation of same or next day delivery, makes Sofia a good test market for new business models, while the low use of e-banking services and Cash On Delivery payments (60-70% of transactions in 2015) may pose a threat to the sector’s growth.
Evolution of TC is the annual gathering event for all technical communicators with a focus on innovations in software documentation. It
Event Details
Evolution of TC is the annual gathering event for all technical communicators with a focus on innovations in software documentation. It takes place in Sofia and represents the only technical communication conference in Southeastern Europe.
At Evolution of TC, all professionals in the industry come together – technical writers, information developers, technical editors and translators mainly with a software background.
The event is part of the application window in the Strategy+Business Lab prEXCELerator 2019.
The meeting will focus on the application of 3D printing technologies in industrial manufacturing, medicine and dentistry, architecture, education
Event Details
The event is part of the application window in the Strategy+Business Lab prEXCELerator 2019.
The meeting will focus on the application of 3D printing technologies in industrial manufacturing, medicine and dentistry, architecture, education and will be led by Boyan Pehlivanov, a member of the Advisory board of PrEXCELerator for digital startup solutions in Manufacturing Industries.
Lean Summit Bulgaria is the first event of such kind ever organised in Bulgaria. The goal is to gather professionals from different areas and to introduce to present success stories and best
Event Details
Lean Summit Bulgaria is the first event of such kind ever organised in Bulgaria. The goal is to gather professionals from different areas and to introduce to present success stories and best practices for lean implementation in different industries.
Learn from globally recognized lean experts and acquire real practical experience! The cocktail at the end of the event provides additional opportunity to expand your lean expertise and professional network.
The Impossible Markets #5 will be held on 7 June 2019. This edition focuses on successful Bulgarians who have built their professional career in a multicultural environment, in one hand,
Event Details
The Impossible Markets #5 will be held on 7 June 2019. This edition focuses on successful Bulgarians who have built their professional career in a multicultural environment, in one hand, and the foreigners who have achieved their professional success working in Bulgaria. They will share their experience, the path they have walked and how the encounters with others have changed themselves and their horizons.
Professionals from various industries, working in a multicultural environment, are invited to spend time together and share experience, knowledge and ideas. The speakers are encouraged to tell their stories about encountering cultural differences when working with colleagues, clients and business partners from different countries or industries.
“Go Global!” is the forum for Bulgarian companies looking to grow on the international market. The event is for you if you are already exporting and you are willing to
Event Details
“Go Global!” is the forum for Bulgarian companies looking to grow on the international market. The event is for you if you are already exporting and you are willing to take your business to the next level, or if you are just starting to think about trading abroad.
The forum will feature some of the most successful examples of Bulgarian companies who will talk about the challenges they have faced, the risks they have taken and the doors they have opened to join the giants on the global scene.
Expert speakers, international consultants, and business leaders will help you decide how to choose the right markets, how to communicate effectively, how to choose the best distribution channel and to how to access financing.
The event is organised by the British-Bulgarian Business Association.
For more information and registrations, please visit go-global.
The event is part of the application window in the Strategy+Business Lab prEXCELerator 2019.
Participation is free upon registration on the website of the event.
Event Details
The event is part of the application window in the Strategy+Business Lab prEXCELerator 2019.
