Schneider Electric is the winner in the Investment for Sustainable Development category in the annual B2B Media Awards
The award is for an investment in an innovative geothermal energy system at the company’s factory in Plovdiv Schneider Electric Bulgaria won the prestigious first place in the category “Investment for sustainable development’ – one of the most significant and contested at the Annual b2b Media Awards. The awards distinguish and encourage the best entrepreneurs, […]
Leading electronics manufacturer enters Plovdiv
Swiss-Malaysian electronics manufacturer ESCATEC is the latest investor in the City of Plovdiv. The investment is part of the company’s strategy for rapid expansion through nearshoring in Europe. “We were impressed by the level of operations achieved by other factories already established in the area,” shared Charles-Alexandre Albin, ESCATEC’s Executive Director and Director of Strategic […]
Another Class A investment in Plovdiv
PENTAX MEDICAL BULGARIA received a Class A Investment Certificate for the investment project “Expansion of the production capacity of disposable bronchoscopes”. The company will implement its project in the City of Plovdiv with the aim of increasing the production capacity of the enterprise. To achieve this goal, the company will purchase laser cutting machines, warehouse […]
Plovdiv and Trakia Economic Zone expect an investment worth 1 billion
The private industrial zone near Plovdiv – Trakia Economic Zone (TEZ) is about to attract investments worth billions, which will give impetus to its growth. According to the founder of TEZ Mr. Plamen Panchev, the team is currently negotiating with a large investor for a production facility for panels and batteries for energy storage on […]
Plovdiv – a rapidly developing and attractive IT destination
Content from DEV.BG The Municipality of Plovdiv (through Invest Plovdiv) purposefully takes steps to support the growth of the IT industry by providing incentives for start-up businesses and investing in infrastructure with projects for coworking spaces and high-speed internet. Plovdiv has become an increasingly attractive destination for the IT business in recent years, with as […]
Companies in Plovdiv produced EUR 6.5 billion in 2021
At the height of the COVID pandemic in 2021, the output produced by non-financial enterprises in Bulgaria reached BGN 215 billion (EUR 107.5b). The Capital Municipality dominates with BGN 81 billion – nearly 38% of the total in the country. Followed by Plovdiv with BGN 13 billion, Varna – BGN 9 billion, Burgas – BGN […]
Liebherr Group will open a larger R&D center in Plovdiv
After building three factories in Plovdiv, the German group Liebherr has now chosen Bulgaria and Plovdiv in particular as the center for its ‘smart’ growth. The Plovdiv-based Liebherr Hausgerete Maritsa, which manufactures home appliances and is the group’s first investment abroad, is already expanding its development team, which will work on more complex software products […]
Bulgaria – first in the EU in terms of export growth in 2022
After a year of record sales and high prices, Bulgaria turned out to be the country with the largest export growth in the EU in 2022 – with an increase of 39% compared to 2021, according to Eurostat’s preliminary data. The growth of over 240% in fuels and energy sold abroad, as well as over […]
The project for the new shopping center Promada is moving forward
In mid-January this year, the Regional Environment and Water Inspectorate Plovdiv under the Ministry of Environment and Waters (MOEW) received an investment intention from the NEPI Rockcastle Fund (owner of Serdika Center and Paradise Center in Sofia) for its future shopping center in Plovdiv. It is clear from the document that there are no changes […]
We expect two or more new investment projects in Plovdiv as a follow-up from the business forum in Istanbul, says Deputy Mayor Stefan Stoyanov
Plovdiv Deputy Mayor Stefan Stoyanov expects two or more investment projects to follow up on a Bulgarian Investment Forum in Istanbul on January 26, 2023. Stoyanov was on the Bulgarian delegation to the International Business and Investment Forum in Istanbul, organized by the InvestBulgaria Agency to bring together business people and local and central government […]