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‚Äôs 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 ‚Äď 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 ‚Äď t–ĺ 86th place among 1 000 cities in this year‚Äôs Global Ecosystem Rankings 2020 by StartupBlink ‚Äď 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‚Äôs 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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Cordeel is Building a Logistics Centr–Ķ 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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