The activity at “Silistra-Ferry” border crossing point is restored

Silistra –  Călărași ferry line was restored on March 15. The service is provided only by a Romanian transport operator, who has the ambition to make 7 courses daily (transporting around 140 trucks). The activity of the authorities implementing obligatory border control at “Silista-Ferry” border crossing point was restored too. Under decision of the Silistra […]

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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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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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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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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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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 […]

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