FDI in Bulgaria in January-April 2022 was 653.2M euro
Foreign direct investment in Bulgaria in the first four months of the year stood at 653.2 million euro, the equivalent of 0.9 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on June... Read More →
Increase in Exports from Bulgaria by over 27% up until April
In the first four months of the year, Bulgaria‘s exports outside the European Union increased by 27.5% compared to the same period in 2021 and amounted to BGN 9.224 billion. Bulgaria‘s main trade partners are Turkey, Serbia, USA, North Macedonia, United Kingdom, China and Egypt, which... Read More →
Bulgaria’s exports in January – November 2021 up 23.3% y/y
Bulgaria’s exports in January – November 2020 added up to about 50 billion leva, a decrease of 7.8 per cent compared with January – November 2019, the National Statistical Institute (NSI) said on January 13, citing preliminary data. In November... Read More →
The Most Powerful Supercomputer in Eastern Europe is in Bulgaria!
The IT giant Atos said that is has fully delivered to Bulgaria’s Sofia Tech Park a super computer that is expected to be Eastern Europe’s most powerful such device. The petascale computing system will help greatly with Bulgaria’s tech ambitions in the years to come. The... Read More →
10 Reasons Deals Collapse
Relationships Know what the seller wants out of the deal. That seems obvious, but sometimes what they want is not obvious even to themselves. You must dig deeper and read between the lines to uncover their unrecognized motivations. Make sure you... Read More →
Bulgarian economy to grow by 3.3% in 2021
Bulgaria’s economy was set to grow by 3.3 per cent this year after the estimated 5.1 per cent drop suffered in 2020 as a result of the Covid-19 global pandemic, according to the latest World Bank’s Global Economic Prospects report,... Read More →
German Festo to Build Third Plant in Sofia with an Investment of €40 Million
The German Festo to invest 40 million euros in acquiring, designing, and building a new plant near Sofia. This will be the company’s third production facility in Bulgaria, as it has plants in Smolyan and Druzhba district in Sofia. The plot near... Read More →
3 Signs It’s Time for a Business Transformation
In the business world, there are always opportunities for transformation and growth. As leaders develop both personally and professionally, they gradually learn to identify the aspects of their business or their team that need change. This ability to identify and... Read More →
First Sod of The Supercomputer made in Sofia. Bulgaria Becoming a Digital Hub in the Region
“With its huge power, the supercomputer in Bulgaria will be able to make billions of operations, comparisons and conclusions within an hour. The heat generated by it will be used to heat neighboring buildings. After its construction, Bulgaria will establish itself as a digital hub in... Read More →
5 Small Business Trends to Pay Attention to in 2020
2020 hasn’t turned out like most companies expected, but these trends offer an opportunity to move the needle in the right direction. As an entrepreneur, you’ve likely had to embrace change lately so you not only continue to succeed, but you also find... Read More →