Nestle Bulgaria invested BGN 23 million in a robotic production line in Sofia

Nestle Bulgaria invested another BGN 23 million in a robotic production line at its factory in Sofia. The innovation was presented during an online event that included a virtual walk showing the factory’s innovations. The investment is in a new production line of the KitKat brand, with an updated digital network that connects all machines […]

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Bulgarian Government approves AI Development Concept

The government has approved the Concept for the Development of Artificial Intelligence in Bulgaria by 2030. The concept provides for systems, applications and services based on artificial intelligence technologies to support the development of education, public services, agriculture, health and the environment. These are the sectors identified as priority in the concept, explained the Minister of Transport and Information Technology Rossen […]

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Online conference “Bulgaria as the newest top destination for nearshoring”

InvestBulgaria Agency (IBA) in association with 15 Bilateral Trade and Industrial Chambers in Bulgaria organize an online conference on theme: “Bulgaria as the newest top destination for nearshoring”. The event will be held online on July 30, 2020, from 10:00 a.m. Bulgarian time. Participants in the discussions will be Mr. Stamen Yanev – Executive Director of IBA, representatives of the Bilateral […]

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Bulgaria will use a stamp for safety and hygiene from World Travel and Tourism Council (WTTC)

As per a statement from the World Travel and Tourism Council (WTTC) Bulgaria is part of the tourism destinations with safety and hygiene travel stamp. The organization designed the special Safe Travels stamp to enable travelers to identify destinations and accommodations around the world which adopted high standards of safety and hygiene. The World Travel […]

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Stamen Yanev presented a class “A” investment certificate

Stamen Yanev, Executive Director of the IBA presented a Class A investment certificate to Takvor Bohosyan, Executive Director of the Trade League – Global Pharmacy Center AD. The investment project forecast expansion of the existing MHAT “Heart and Brain”, Pleven by building a new Oncology – Cancer wing “Cancer. The amount of the investment is […]

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Sofia ranks 86th among 1 000 cities across the world in the StartupBlink Global Ecosystem Rankings 2020

Sofia climbed two positions – tо 86th place among 1 000 cities in this year’s Global Ecosystem Rankings 2020 by StartupBlink – a leading international startups and research centers platform. A case study presents Sofia and the entrepreneurial ecosystem in the city in the deep dive section of the report. For its annual review, StartupBlink has reviewed […]

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