Science for Business Forum Makes a Comeback – Exciting Bulgarian Projects Premiered Online

The most interesting projects developed at the Bulgarian Academy of Sciences, ready to give a start to a successful business were presented at the Science for Business forum. For the first time, the Bulgarian vaccine against COVID-19, PCR test kits, a device for dry-mist air disinfection, bioceramics based on a space technology and many others were introduced. One of […]

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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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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 – tĐľ 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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Bulgaria is among Europe’s leading bicycle manufacturers

Bulgaria is one of the leading manufacturers of bicycles, holding the fifth position in Europe in this indicator. A boom in recent years in Bulgaria has been registered in the production of electric bicycles. The sector turned out to be one of the few in Bulgaria that did not suffer during the coronavirus crisis, even reporting […]

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Foreign investments in Bulgaria Increased by EUR 100 million in the first quarter of 2020

According to data of the Bulgarian National Bank, foreign investments in Bulgaria increased by EUR 100 million in the first quarter of 2020 compared to the same period of 2019. By the end of March, more than EUR 254 million were invested in the Bulgarian economy. Due to the coronavirus pandemic, there has been a threefold […]

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LICENSE FOR TRANSPORTING GOODS AND PEOPLE IN BULGARIA

Business in Bulgaria – Getting a license for transporting goods and people. Conditions to obtain a Community license for passenger and freight transport operations in Bulgaria. According to Art. 2 Par.1 or ORDINANCE no. 11 of the Minister of Transport, Information Technology and Communications for international passenger and freight transport, dated from 31 October 2002 […]

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Bulgarian EU Commissioner Met Organisations for Innovations from Western Balkans

Possibilities for cooperation in the area of innovation are discussed on January 27 by representatives from the Western Balkans. The meeting was organized by the Agency for the Promotion of Small and Medium-Sized Enterprises and was attended by Bulgaria’s EU Commisoner Mariya Gabriel. She said that innovation cooperation between the Western Balkan countries under the […]

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Bulgaria and China to manufacture electric buses

Bulgaria and China will cooperate to create production facilities for electric buses and a research and development centre in Bulgaria. To this end Stamen Yanev, Executive Director of Invest Bulgaria Agency and representatives of the Chinese companies Jiangsu Alfa Bus and ACN Worldwide signed a memorandum of understanding at the Bulgarian embassy in Beijing, in the presence of Deputy Prime Minister Mariyana Nikolova. […]

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Business in Bulgaria Wood Products Sector

With a population of more than 7 million and an  area of more than 110,000 square kilometers, Bulgaria is recognized as a medium-sized European country. Bulgaria, like many of its eastern European neighbors, has large forested areas across its territory. In addition, forests cover more than 4 million hectares or 37 percent of the total national […]

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