The Cycling City of Plovdiv
In recent years, Bulgaria has become one of the most important bicycle exporters in Europe. An on-site survey shows that this could be just the beginning of a long-term bicycle boom in the Balkans. Werner Müller-Schell investigates. When one of the country’s highest politicians comes in person to sign a contract between two companies, it is a […]
Plovdiv-based Class A investor receives a grant of BGN 1.5 million as part of Bulgaria’s Investmet Promotion Act
The factory should open in 2023 and have a production capacity of 300,000 electric bicycles per year The state is giving BGN 1.5 million to the bicycle manufacturer E-Velox OOD, which the company will use for the construction of road infrastructure connecting to its new plant near Plovdiv. The aim is to facilitate the work […]
Plovdiv’s businesses growing despite the domino of crises
In 2022, we saw an upswing in various manufacturing sectors and real investments, Bulgarian and foreign, for millions of euro in Plovdiv and the region. Undoubtedly, some of them are due to European funds received under operational programs, credits, reinvestments, as well as funds under the Investment Promotion Act. The manufacturer of optical equipment Optix […]
Automotive and mechatronics – the biggest drivers of Plovdiv
The rapid development of the region and the huge interest from investors are often a reason to raise the question of whether it is possible for the labor market in the area to satisfy the needs of employers, or whether the labor shortage will become a chronic problem for Plovdiv. Even media headlines about new […]
Gotmar – the plastic production giant in the region of Plovdiv
Gotmar specializes in the processing of thermoplastics and has been operating on the market since 1992. Since then, the company has been developing steadily, with its financial indicators pointing to stable growth, reaching BGN 182 million in revenue for 2021 and over BGN 10.5 million profit. The company, whose base near Plovdiv, employs over 1,300 […]
Plovdiv presented in USA as a leading investment destination in Southeast Europe
High-tech productions with included R&D centers are what Plovdiv should focus its efforts in the coming years. The task before the economy, not only in Plovdiv, but also in the country, is to transform itself into such that brings a higher added value, which in turn to raise the standard of living. This comment was […]
Ryan Fischer: Bulgaria is becoming a place for key technological innovations
Over the past few years, Bulgaria has become known for its robust business process outsourcing (BPO) industry. I think that in the coming years we will see that Bulgaria will become a place for key technological innovations. This was stated by Ryan Fischer, former Vice President of Bank of America in its HQs in Charlotte, […]
InvestBulgaria Agency organizes an investment forum in the Silicon Valley with the participation of Invest Plovdiv
InvestBulgaria Agency is organizing today in the city of Sunnyvale (in the Silicon Valley), the state of California, an international business and investment forum within the framework of the project “Establishment of Bulgaria as a successful investment destination” under the Operational Program “Innovations and Competitiveness” 2014-2020. The event focuses on the Outsourcing and Information Technology […]
Noesis – Plovdiv’s young cosmetics company raised EUR 285 000
There were companies in the spring of 2020 that literally exploded due to the massive demand for Covid protection. Konstantin Angelov’s company Noesis is one of them. He founded the cosmetics company at the beginning of the pandemic year 2020 with BGN 20,000 personal capital, using family equipment. And due to the huge demand for […]
“Schneider Electric Bulgaria”: Uninterrupted production of circuit breakers
Highlights When the mobile phones at the Schneider Electric factory in Plovdiv ring, it does not always mean an incoming call from customers or partners. Through their smart devices, the specialists at the circuit breaker plant receive a signal that certain parameters are out of the norm and the equipment can stop. This allows for […]