Cordeel is Building a Logistics Centrе for Distributor Orbico

The construction company Cordeel Bulgaria, a local unit of the Belgium-based Cordeel Group, has begun the construction of a modern office and logistics centre for the distributor Orbico Bulgaria, part of the Croatian Orbico Group. The investment is EUR 26.5 million and 500 staff will work in the centre after it is complete.   The logistics base will include offices […]

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The Startup Ecosystem in Bulgaria According to the InnovationShip 2019 Report

Bulgarian startups are developing solutions according to the latest global technological trends and almost half of them (47%) offer world-class innovation, according to data from the fourth annual InnovationShip report of the MOVE.BG Foundation’s open digital network EDIT. Compared to the previous year’s survey, there is an 18% increase in companies that believe they are […]

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Foreign direct investments in Bulgaria increased in 2019

The foreign direct investments in Bulgaria continue to increase in 2019. According to data from the Bulgarian National Bank, between January and October FDIs amounted to EUR 953.1 million, which was EUR 554 million more compared to the same period last year. Biggest volume or net direct investments was registered from the Netherlands (EUR 422 […]

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Medicinal herbs for good health and business

For the ninth consecutive year, Bulgaria ranks first among EU countries in the production of herbs and spices. According to Eurostat data, just over 71,000 tons of aromatic and medicinal plants and spices were harvested in the country in 2018. The harvest of the second in the ranking, Poland, is nearly twice as small – […]

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Swedish-Swiss company opens new factory in Petrich

A Swedish-Swiss concern for the manufacture of electrification products and industrial automation continues developing its business in Bulgaria and opened a new factory in the town of Petrich (Southwest Bulgaria). The company opened its second factory in this Bulgarian town. The new production facility is expected to create 420 new job positions by the end […]

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German auto parts manufacturer opens factory near Bulgaria’s Lovech

German auto parts manufacturer VOSS Automotive has officially opened its first factory in Bulgaria. The site is located in the Bahovitsa Industrial Park near Lovech and has been operating since May. The jobs created so far are 100, but by the end of next year their number is expected to increase to 900. Investments in […]

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Europe-Asia consortium invests USD 200 million in electric vehicles plant in Bulgaria

A Consortium of European and Asian companies is planning to build a factory for electric vehicles in Bulgaria.   A memorandum of intentions for construction of this factory was signed in the presence of Bulgaria’s Deputy Premier for Economic and Demographic Policy Mariana Nikolova. The document was signed by the Executive Director of InvestBulgaria Agency […]

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Doing business in Bulgaria – trade, business, investment with the UK

Bulgaria export overview Bloomberg has ranked Bulgaria as the sixth best country for doing business in eastern Europe and central Asia. The World Bank rates Bulgaria 38th for ease of doing business. A T Kearney ranks Bulgaria as number one in Europe and ninth globally as an outsourcing destination. Contact BG Advise for a free consultation if you’re interested in […]

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Germans to open IT Hub in Sofia

Economy Minister Emil Karanikolov and Dr. Carsten Bittner, a member of the Board of Group Technology Foundations Commerzbank AG discussed the bank’s intentions to open an IT Hub in Sofia. During the meeting, the bank’s investment plan was presented and, according to Dr. Bittner, 400 jobs will be initially created for highly qualified IT professionals, with the tendency to […]

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