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 […]

Read more

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 […]

Read more

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 […]

Read more

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 […]

Read more

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 […]

Read more

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 […]

Read more

NSI poll shows slight recovery in business sentiment in Bulgaria in May 2020

Business sentiment in Bulgaria staged something of a recovery in May 2020 after plummeting in April to its lowest level in 23 years, according to the results of a monthly poll by the National Statistical Institute (NSI) on May 29. The total business climate indicator marked a positive change in comparison with the past three […]

Read more

Trade and economic relations between Bulgaria and Azerbaijan discussed at an online event

The trade and economic relations between Bulgaria and Azerbaijan were discussed during an online event organized and held by the Bulgarian Chamber of Commerce and Industry with the active participation of the Embassy of Azerbaijan in Sofia. The President of BCCI Tsvetan Simeonov opened the event and said that it was the first of a […]

Read more

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 […]

Read more