First Report on the Growing AI Sector in Bulgaria
Varengold Bank Acquires 20% of the Sofia-based Platform Klear

Bosch Group Officially Opened its New Office in Sofia


Robert Bosch, a subsidiary of Bosch Group, officially opened its new office in Sofia. The office is located at Sofia Tech Park, where, at the beginning of this year, the company started the establishment of a specialised automotive software engineering centre. Currently, the company employs nearly 100 people who are developing navigation and diagnostic software for the automotive industry.

“This development centre places Sofia and Bulgaria very well on the map of the automotive industry,” Vladimir Danailov, Chief Executive Officer of Sofia Investment Agency commented for ‘Business Start’ on Bloomberg TV Bulgaria. “The automotive industry in Bulgaria is younger compared to competitive countries like the Czech Republic, Slovakia, and Poland, but it already accounts for nearly 6 billion euros and there are about 220-250 companies in Bulgaria dealing with automotive related operations. By 2020 these 6 billion euros are expected to double. Companies like Robert Bosch that invest in R&D centres in our country make Sofia and Bulgaria more and more attractive business destination for the industry. “

The German Bosch Group operates in Bulgaria with two other companies – BSH Household Appliances Bulgaria and Bosch Software Innovations, where 170 IT engineers design, develop, and operate IoT software and system solutions in areas such as smart homes and buildings, smart cities, connected mobility, and connected manufacturing.

Bosch has been on the Bulgarian market for 25 years. The leading global technology and service provider employs 410,000 associates in almost every country in the world with sales and service partners, production units, research and development teams. According to preliminary data, in 2018 the company generated sales amounting to EUR 78.5 billion.