Nowadays all of us wonder what will be the new normal after humanity eventually overcomes the Covid-19 pandemic. The answers are many and diverse, but one of the surest things is that fintech industry will become an even more important part of the planet's life and economy.
As a result, the actions of the private and the NGO sector created the feel of community, in which individual citizens and organisations make a whole organism. Everyone in it understood that they are responsible not only for their own health and wellbeing, but also for the health and wellbeing of the others. In a couple of weeks Bulgaria became a country where companies took some financial burden off their employees and clients, firms donated money, PPE and medicines to hospitals, volunteers brought food to lonely people, and actors and musicians gave away their art.
Acronis, a world leader in cybersecurity announced that Amy Luby, a respected specialist in IT service providing, has joined the company as its Channel Chief Evangelist. In this role she will show IT services providers how including cybersecurity in their service portfolio will help their businesses to grow.
Life caught us all by surprise and the notion that long-term planning is pointless and even impossible settled in the business field. But when we look at things in perspective, we begin to realise that we should not underestimate long-term planning. Yes, recently were cancelled events that were planned for months and years: from the Tokyo Olympiad to countless sport competitions, conferences, public talks, teambuildings, concerts and weddings.
Recently Google announced a breakthrough in development of a technology that until not that long ago sounded as science fiction – a quantum computer. Using principles from quantum mechanics, which even Nobel prize winners in physics define as beyond ordinary human logic, quantum computers will increase exponentially the capability for information processing and storage.
Well planned events all look the same: the participants are satisfied, the goals are achieved, the nice memories are here. Not well organised events all fail in different ways: bad weather, bad dynamics between participants, insufficient advertisement, low attendance, food poisoning… The only thing that stands between the two is the professional event planner.
When good examples in Bulgarian economy pop up as conversational topic, the outsourcing sector is among the first to come to mind. And rightfully so.
What a business needs in order to develop and grow? Ideas, people and technologies are of utmost importance, but without proper spaces for goods storage and for work places for the specialists everything else would be unthinkable. In the recent years the office, industrial and logistic properties not only in Sofia, but also in Bulgaria, developed. The explanation is obvious – the Bulgarian economy is growing, largely due to manufacture, export and import, the outsourcing and IT industry.
People are important and without them the success of a company is impossible. Everyone in the field of business says that in one way or another, particularly during corporate events when managers face the employees for the usual speeches and addresses.
Language and our ability to communicate with complex linguistic structures is one of humans' defining features that separate them from other animals. But the skill to communicate, particularly when the two sides are speaking different languages, is full with underwater rocks and risks for mistakes and misunderstanding.
Modern economy is impossible without debts. They provide funding to start-ups and established companies to develop new ideas, manufacture, staff; they give individuals stability when puchashing property, goods or pursuing better education, and also provide oportunity to states to develop their economy, infrastructure, social policies. However, as with everything else, debt should be approached with care – both by the ones who offer it and the ones who seek it.
Bulgaria's advantages as a destination for holiday, spa, culture and nature tourism can hardly be disputed. But in the past few years the country has expanded its attractiveness as a conference destination as well. The positive effect of this is visible with the naked eye – it brings to the country spending visitors and generates both income and interest in other fields of Bulgarian economy and tourism.
"A journey of a thousand miles begins with a single step": the popular quote by Lao Tsu is relevant for business, too. Many of the innovations, the companies and the products that we now consider a necessity have started with a single step, a bold idea, an enthusiastic team, a lot of work and the right dose of luck.
Two clashing viewpoints dominate the discussion on contemporary Bulgaria economy. The optimistic one maintains that the country is doing well and cites as evidence the growth of the average wages, the low state debt and the low unemployment rates. The pessimistic one focuses on the continuing emigration, the drop in the direct foreign investments, and the last places Bulgaria takes in regard to income and standard of living within the EU.
We are living in an epoch in which the low-technology and high-technology become increasingly important, complement each other and sometimes clash. On the one hand, we are witnessing a revived interest in everything that can be done by hand and is made of natural materials. We plant flowers, we cook, we bake our own bread, we buy our children wooden toys, we choose organic food products and reduce our plastic use. We love to be among nature. On the other hand, however, we are entirely dependent on high technologies.
Modern economic environment is a system of complex dependencies and connections – change in one of its elements inevitably results in change in the others. The Sofia property market is not an exception. The improved economical environment in the past few years and the remarkable development of the IT and the outsourcing sector energised the market of quality office properties. An increasing number of companies in these fields arrive in Bulgaria or expand their local operations.
The managers in the company you take care off are overwhelmed by petty tasks that are way below their expertise. You have invested in a property with the idea to let it, but you lack both the time and the ability to pay the needed attention to your tenants. The block of flats where you live has difficulties with the maintenance of the shared spaces.
Your business is fine, but you want something more. You are aware that you, your employees and the market have potential, but you just cannot pinpoint where exactly to channel your experience and energy...
The problems in your company follow one after another, while you are so buried in your immediate duties to think over what is going on, why does it happen and how to solve the situation...
Speaking foreign languages has long become a necessity in the modern world. It is one thing, however, to be able to direct a foreign tourist in the street or to order a lunch while abroad. It is a completely different matter when moving to another country for work or study, expanding your business and establishing contacts with business partners beyond the borders of your own country, or organising an event with international participation.
In these and many other cases, professional translators are irreplaceable.
