{"id":3572,"date":"2016-11-09T14:00:44","date_gmt":"2016-11-09T12:00:44","guid":{"rendered":"http:\/\/investsofia.com\/en\/?page_id=3572"},"modified":"2020-03-25T01:05:01","modified_gmt":"2020-03-24T23:05:01","slug":"key-industries","status":"publish","type":"page","link":"https:\/\/investsofia.com\/en\/key-industries\/","title":{"rendered":"Key Industries"},"content":{"rendered":"
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Many R&D centers, especially in the IT sector, already operate in Sofia. The city continues to expand its portfolio of innovative businesses thanks to its young and educated population and the favorable business climate. Sofia has identified several key industries\u00a0for the future. See what they are and why we chose them, and explore how you can grow your business in Sofia.<\/p>\n[\/vc_column_text][\/vc_column][vc_column width=”1\/2″][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”30px”][vc_column_text]\n

Key Industries<\/h2>\n[\/vc_column_text][vc_empty_space height=”30px”][\/vc_column][\/vc_row][vc_row equal_height=”yes” content_placement=”middle” css=”.vc_custom_1481268687506{padding-right: 10% !important;padding-left: 10% !important;}”][vc_column width=”1\/2″ css=”.vc_custom_1554205741689{background-position: 0 0 !important;background-repeat: no-repeat !important;}” el_class=”mobile-hide”][vc_single_image image=”17803″ img_size=”full” alignment=”center”][\/vc_column][vc_column width=”1\/2″ css=”.vc_custom_1552896746531{padding-top: 5% !important;padding-right: 10% !important;padding-bottom: 5% !important;padding-left: 10% !important;}”][vc_column_text]\n

ICT<\/strong><\/h3>\n

Striving to become the regional ICT center, Sofia is home to over\u00a050 000 IT professionals. Every year, the ICT sector grows 10-20%.<\/p>\n

The city has attracted global IT leaders like SAP Labs, HP, VMware, IBM, CISCO. They already operate large R&D centers in Sofia.<\/p>\n

Over 43.000 university students in Sofia study a\u00a0STEM programme. 16 private academies offer IT programmes taught by practitioners and the curriculum is set by companies from the sector.[\/vc_column_text][vc_btn title=”Read more about the ICT ecosystem ” color=”default” size=”lg” link=”url:http%3A%2F%2Finvestsofia.com%2Fen%2Fit-industry%2F||”][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”30px”][\/vc_column][\/vc_row][vc_row equal_height=”yes” content_placement=”middle” css=”.vc_custom_1481268687506{padding-right: 10% !important;padding-left: 10% !important;}”][vc_column width=”1\/2″ css=”.vc_custom_1552896774061{padding-top: 5% !important;padding-right: 10% !important;padding-bottom: 5% !important;padding-left: 10% !important;}”][vc_column_text]\n

Business Services<\/strong><\/h3>\n

Sofia is a preferred destination for IT and business process outsourcing, with professionals working in more than\u00a030 different languages. There are multiple A class office buildings, well-developed IT infrastructure, political stability.<\/p>\n

The city\u2019s new focus, however, is to shift to smart-sourcing, building on its highly skilled and competitively priced talent pool – over 50% of the city\u2019 population holds a university degree – that can offer attention on innovation and excellence.[\/vc_column_text][vc_btn title=”Read more about Business Services” color=”default” size=”lg” link=”url:http%3A%2F%2Finvestsofia.com%2Fen%2Foutsourcing%2F||”][\/vc_column][vc_column width=”1\/2″ css=”.vc_custom_1554205803859{background-position: 0 0 !important;background-repeat: no-repeat !important;}” el_class=”mobile-hide”][vc_single_image image=”17791″ img_size=”full” alignment=”center”][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”30px”][\/vc_column][\/vc_row][vc_row equal_height=”yes” content_placement=”middle” css=”.vc_custom_1481268687506{padding-right: 10% !important;padding-left: 10% !important;}”][vc_column width=”1\/2″ css=”.vc_custom_1554205841282{background-position: 0 0 !important;background-repeat: no-repeat !important;}” el_class=”mobile-hide”][vc_single_image image=”17789″ img_size=”full” alignment=”center”][\/vc_column][vc_column width=”1\/2″ css=”.vc_custom_1552896785251{padding-top: 5% !important;padding-right: 10% !important;padding-bottom: 5% !important;padding-left: 10% !important;}”][vc_column_text]\n

Manufacturing<\/strong><\/h3>\n

Sofia has great manufacturing traditions and the main focus of the capital is the establishment of high-value added productions. Further objectives include the introduction of cyber-physical systems, automation and data exchange in manufacturing technologies.<\/p>\n

Sofia has\u00a0competitive real estate, energy and labor costs, as well as a\u00a0business-friendly tax frame. Many Bulgarian producers are looking for partnerships with foreign companies and offering the advantages of market knowledge and established logistics networks.[\/vc_column_text][vc_btn title=”Read more about Manufacturing” color=”default” size=”lg” link=”url:http%3A%2F%2Finvestsofia.com%2Fen%2Fmanufacturing%2F||”][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”30px”][\/vc_column][\/vc_row][vc_row equal_height=”yes” content_placement=”middle” css=”.vc_custom_1481268687506{padding-right: 10% !important;padding-left: 10% !important;}”][vc_column width=”1\/2″ css=”.vc_custom_1554206404019{padding-top: 5% !important;padding-right: 10% !important;padding-bottom: 5% !important;padding-left: 10% !important;}”][vc_column_text]\n

Smart City<\/strong><\/h3>\n

With high-level of digital penetration, Sofia is using technology, information and big data to improve planning, infrastructure and services in all areas. Approx. 90% of the\u00a0busiest road sections and 60% of Sofia’s intersections are smart. These include AI traffic lights, sensors, cameras and\u00a0prioritization of Emergency Rescue cars.<\/p>\n

The future areas of development are e-governance and citizen services, urban mobility, energy, waste & water management. Recently, Sofia became an active member in the EU’s Digital Cities Challenge initiative.[\/vc_column_text][vc_btn title=”Read more about Digitalisation of Sofia” color=”default” size=”lg” link=”url:https%3A%2F%2Finvestsofia.com%2Fen%2Fdigital-sofia%2F||”][\/vc_column][vc_column width=”1\/2″ css=”.vc_custom_1554206356098{background-position: 0 0 !important;background-repeat: no-repeat !important;}” el_class=”mobile-hide”][vc_single_image image=”17082″ img_size=”full” alignment=”center”][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”30px”][\/vc_column][\/vc_row][vc_row equal_height=”yes” content_placement=”middle” css=”.vc_custom_1552895441992{padding-right: 10% !important;padding-left: 10% !important;}”][vc_column width=”1\/2″ css=”.vc_custom_1555492277434{background-position: 0 0 !important;background-repeat: no-repeat !important;}” el_class=”mobile-hide”][vc_single_image image=”17808″ img_size=”full”][\/vc_column][vc_column width=”1\/2″ css=”.vc_custom_1552896811900{padding-top: 5% !important;padding-right: 10% !important;padding-bottom: 5% !important;padding-left: 10% !important;}”][vc_column_text]\n

Creative Industries<\/strong><\/h3>\n

The sector includes advertising, architecture, crafts, design, cinema, interactive recreation, video games etc. Most of their products and services are export-oriented.<\/p>\n

There are 7 500 creative companies or just over 6% of all enterprises in the city.\u00a0According to NSI\u00a02\/3 of the Bulgarian creative sector and 3\/4 of the employed are concentrated in Sofia.[\/vc_column_text][vc_btn title=”Read more about the Creative Industries” color=”default” size=”lg” link=”url:http%3A%2F%2Finvestsofia.com%2Fen%2Fcreative%2F||”][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”30px”][\/vc_column][\/vc_row][vc_row equal_height=”yes” content_placement=”middle” css=”.vc_custom_1481268687506{padding-right: 10% !important;padding-left: 10% !important;}”][vc_column width=”1\/2″ css=”.vc_custom_1552896823876{padding-top: 5% !important;padding-right: 10% !important;padding-bottom: 5% !important;padding-left: 10% !important;}”][vc_column_text]\n

Urban Environment<\/strong><\/h3>\n

Sofia is one of the greenest capitals in Europe – the ratio of trees to people is among the continent’s highest.<\/p>\n

The city has an extensive public transit system and is surprisingly compact for its population of 1.3 million people.<\/p>\n

In 2020 the metro is going to\u00a0serve over 500 000 passengers daily. The focus has now shifted to answering specific urban issues like air pollution, energy efficiency and water & waste management.[\/vc_column_text][vc_btn title=”Read more about Urban Environment” color=”default” size=”lg” link=”url:http%3A%2F%2Finvestsofia.com%2Fen%2Furban-environment%2F||”][\/vc_column][vc_column width=”1\/2″ css=”.vc_custom_1554206481540{background-position: 0 0 !important;background-repeat: no-repeat !important;}” el_class=”mobile-hide”][vc_single_image image=”17787″ img_size=”full”][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”30px”][\/vc_column][\/vc_row][vc_row equal_height=”yes” content_placement=”middle” css=”.vc_custom_1481282444408{padding-right: 10% !important;padding-left: 10% !important;}”][vc_column width=”1\/2″ el_class=”mobile-hide” css=”.vc_custom_1555336855994{background-position: 0 0 !important;background-repeat: no-repeat !important;}”][vc_single_image image=”17801″ img_size=”full” alignment=”center” el_class=”mobile-hide”][\/vc_column][vc_column width=”1\/2″ css=”.vc_custom_1552896839740{padding-top: 5% !important;padding-right: 10% !important;padding-bottom: 5% !important;padding-left: 10% !important;}”][vc_column_text]\n

Retail<\/strong><\/h3>\n

Two trends to keep in mind are the increasing share of non-grocery retailing and the growth of e-commerce. In 2017, 25% of the population of Southwestern Bulgaria (a region that includes Sofia) made an online purchase. This amounts to nearly half a million people. \u0422he e-commerce market in Bulgaria is projected to grow to 3.4 million users by 2021.<\/p>\n

The absence of major players like Amazon and\u00a0the established\u00a0digital and e-commerce habits make Sofia a good test market for new business models.\u00a0A study\u00a0by Mastercard in 2016 showed that 67% of Bulgarian users prefer paying with\u00a0an online payment service.[\/vc_column_text][vc_btn title=”Read more about Retail” color=”default” size=”lg” link=”url:http%3A%2F%2Finvestsofia.com%2Fen%2Fretail%2F||”][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”30px”][\/vc_column][\/vc_row][vc_row equal_height=”yes” content_placement=”middle” css=”.vc_custom_1481268687506{padding-right: 10% !important;padding-left: 10% !important;}”][vc_column width=”1\/2″ css=”.vc_custom_1552896853067{padding-top: 5% !important;padding-right: 10% !important;padding-bottom: 5% !important;padding-left: 10% !important;}”][vc_column_text]\n

Aerospace<\/strong><\/h3>\n

The sector includes the production of aircraft, drones, rockets, satellites and related software and appliances. The aerospace industry is a strong engine of technological development since it integrates high technology from multiple sectors such as mechanical engineering, computer science, electronics and materials.<\/p>\n

The University of Sofia and the Technical University have strong traditions in training engineers for the industry, with private education initiatives already in place. After Sofia became European leader in aircraft maintenance, the city has now become a destination for its production. According to a large EC study from 2013, Bulgarians are the biggest supporters of the idea of \u200b\u200bthe EU developing as a space power.[\/vc_column_text][vc_btn title=”Read more about Aerospace” color=”default” size=”lg” link=”url:https%3A%2F%2Finvestsofia.com%2Fen%2Faerospace%2F||”][\/vc_column][vc_column width=”1\/2″ el_class=”mobile-hide” css=”.vc_custom_1555336900393{background-position: 0 0 !important;background-repeat: no-repeat !important;}”][vc_single_image image=”21176″ img_size=”full” alignment=”center” el_class=”mobile-hide”][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”30px”][\/vc_column][\/vc_row][vc_row equal_height=”yes” content_placement=”middle” css=”.vc_custom_1481268687506{padding-right: 10% !important;padding-left: 10% !important;}”][vc_column width=”1\/2″ el_class=”mobile-hide” css=”.vc_custom_1555336900393{background-position: 0 0 !important;background-repeat: no-repeat !important;}”][vc_single_image image=”17806″ img_size=”full” alignment=”center” el_class=”mobile-hide”][\/vc_column][vc_column width=”1\/2″ css=”.vc_custom_1552896853067{padding-top: 5% !important;padding-right: 10% !important;padding-bottom: 5% !important;padding-left: 10% !important;}”][vc_column_text]\n

Tourism<\/strong><\/h3>\n

Sofia is\u00a02nd in Europe in growth of international visitors for 2017 \u2013 15.2%, right after Istanbul (16.8%) and followed by Lisbon (14.6%), Paris (13.1%), Munich (12.9%) and Warsaw (12.3%).<\/p>\n

Sofia is also among the TOP 5 cities in Europe with the highest overall growth of international visitors for 2009 \u2013 2017, with an average increase of 9% per year.<\/p>\n

NDK, the biggest convention center in the city has undergone a major renovation in preparation for the Bulgaria\u2019s EU Presidency in 2018.\u00a0The number of 5-star rooms in the city is expected to double by 2020.[\/vc_column_text][vc_btn title=”Read more about Tourism” color=”default” size=”lg” link=”url:http%3A%2F%2Finvestsofia.com%2Fen%2Ftourism-in-sofia%2F||”][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”30px”][\/vc_column][\/vc_row][vc_row equal_height=”yes” content_placement=”middle” css=”.vc_custom_1552895415601{padding-right: 10% !important;padding-left: 10% !important;}”][vc_column width=”1\/2″ el_class=”mobile-hide” css=”.vc_custom_1555336940193{background-position: 0 0 !important;background-repeat: no-repeat !important;}”][vc_single_image image=”17799″ img_size=”full” alignment=”center” el_class=”mobile-hide”][\/vc_column][vc_column width=”1\/2″ css=”.vc_custom_1552896866187{padding-top: 5% !important;padding-right: 10% !important;padding-bottom: 5% !important;padding-left: 10% !important;}”][vc_column_text css=”.vc_custom_1555337281882{background-position: 0 0 !important;background-repeat: no-repeat !important;}”]\n

Biotechnology<\/strong><\/h3>\n

Europe’s demographic challenges are shifting the attention to innovations in biotech. Companies engaged in R&D in the medical and pharmaceutical areas are\u00a0some the fastest growing in Bulgaria. The factors contributing to the growth in the clinical research are:<\/p>\n

    \n
  • relatively low operating costs<\/li>\n
  • competent and experienced medical staff<\/li>\n
  • ease of access to patient selection<\/li>\n
  • mechanisms for technology and know-how transfer<\/li>\n<\/ul>\n[\/vc_column_text][vc_btn title=”Read more about Biotechnology” color=”default” size=”lg” link=”url:http%3A%2F%2Finvestsofia.com%2Fen%2Fbiotechnology%2F|title:Read%20more%20about%20Biotechnology|”][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”80px”][\/vc_column][\/vc_row][vc_row][vc_column][vc_single_image image=”23287″ img_size=”full” alignment=”center” onclick=”custom_link” img_link_target=”_blank” link=”https:\/\/investsofia.com\/wp-content\/uploads\/2020\/03\/Impact-COVID-19-Sofia-English.pdf”][vc_empty_space height=”40px”][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"

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