BUSINESS

BUSINESS EVOLUTION

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.

Tue, 09/04/2018 - 07:40
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QUALITY OF LIFE

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.

Tue, 09/04/2018 - 07:39
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CONSULT THIS

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...

Mon, 07/30/2018 - 12:27
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THE SKILL TO UNDERSTAND

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.

Thu, 07/05/2018 - 11:28
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HELP FOR LEADERS

Regardless of the size of a business, the leaders and managers in it meet serious challenges almost at a daily basis. The character of these difficulties differ, but overcoming them inevitably brings the satisfaction of achieved results and success.

Sometimes, however, every leader and business face a problem which is hard to be solved without outside intervention. In such cases the best solution is to seek help from a professional coach.

Mon, 06/04/2018 - 13:10
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BUSINESS OF THE FUTURE

The sector is among the engines of the Bulgarian economy and together with outsourcing generates about 4.5 percent of this country's GDP – compared to 3.7 percent average for Europe. The employed in this field are estimated to 40,000 people, with an average salary of almost three times higher than the country average (2,700 leva per month in the IT in comparison to 1,090 leva). In Bulgaria operate more than 12,000 IT companies, specialising in more than 20 industries and fields.

Tue, 10/31/2017 - 13:25
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INTELLIGENT BUSINESS

In the past few years, even people sceptical about the development of modern Bulgaria started using a new word with a hint of awe: outsourcing. The concept, that is relatively recent for the country, has not only found a way in the modern vocabulary. The sector is undergoing a stable and impressive growth in this country. According to 2016 data, the average yearly increase of the IT and outsourcing industry in Bulgaria is around 2 percent. The sector makes about 3.7 percent of the GDP and according to some estimates employs 25,000 people.

Tue, 09/05/2017 - 13:11
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THE PEOPLE WHO KNOW HOW

The outside consultant is the solution. This is a professional who is a specialist in a particular field, but has the indispensable advantage of having an outsider's outlook of the situation. Thanks to this he is able to identify the problem, to offer a solution and to inspire change. The consultant is objective and is not under the influence of the company's internal dynamics. He or she can organise effective trainings of the employees, and also perform unpopular measures such as firing people.

Thu, 08/03/2017 - 12:39
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THE ART OF TRANSLATION

Mastering foreign languages is an advantage in the globalised world, but it is also a huge challenge. Even polyglots – according to the Guinness World Records the first place belongs to Ziad Fazah, a Lebanese born in Liberia who claims to speak 58 languages – are not able to brave all the challenges of modern communication. The ambitious aim of creating programmes for mechanical translation, like Google Translate, is still far from perfection, as you can easily see if you try to translate a compound-complex sentence with it.

Mon, 07/03/2017 - 12:03
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UNLOCKING YOUR POTENTIAL

In such movies, the figure of the wise coach often has crucial role. In the critical moment, when the protagonist has lost faith and is about to give up, the coach inspires him break out of the labyrinth of self-doubt and to find a way to the right solution and ultimate victory.

Real life is neither sports ground nor a Hollywood movie, one might say. It is so. In real life, however, we have a figure to whom we can turn to when we are seeking for a solution and we cannot find it by our own. It is hardly a coincidence that this type of professional is also called a coach.

Fri, 06/02/2017 - 11:19
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CAPITAL OF COMFORT

An increasing number of foreigners is seen and heard on the streets in the centre, and in the annual ranking of Mastercard Global Destinations Cities Index for the European cities with the fastest growth of visitors for 2009-2016, Sofia takes the ninths place. In 2016, the Bulgarian capital was visited by 1.01 million people, a rise of about 7 percent in comparison to 2015. Sofia performs better than a preferred and well-known tourist destination like Barcelona, which is on the tenth place.

Why is Sofia so popular, particularly when Woody Allen hasn't featured it a movie (yet)?

Thu, 02/23/2017 - 13:48
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WITH A HELP FROM A FRIEND

Confusion. No matter how great your business ideas are, how bright are your company's perspectives on a foreign market or how tempting look the opportunities for European funding. If you lack significant experience in the field, the clash with administration can become a source of frustration and even of losses for your business, if this discourages you from applying or entering a new market.

Tue, 01/03/2017 - 12:50
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OUTSOURCING FEVER

In 2015, a survey of the American real estate company Cushman & Wakefield ranked Bulgaria 3rd in the world for outsourcing of business processes (BPO) and shared services. The outsourcing sector in Bulgaria is growing with impressive speed. The estimated number of employees in the field is estimated at 40,000, with projections of increasement for up to 60,000 by 2020. Most of the companies are in Sofia, but additional centres are appearing in Plovdiv, Varna, Burgas.

Thu, 09/08/2016 - 11:21
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KNOWLEDGE IS POWER

Profit, expansion to new markets, innovation, employees's satisfaction: there is a lot the manager of a company has to think about. One thing he often oversees, however, is that his knowledge has some inevitable limits and this prevents him from succeeding in the constantly changing environment without proper help. And the business environment does change. Nowadays more faster than ever businesses are coming and going, new industries appear and others stagnate, periods of crisis rapidly alternate with periods of economic upheaval.

Tue, 08/02/2016 - 10:31
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FOUND IN TRANSLATION

Will ever machine be a better translator than man? The question challenges the imagination. In the past few years, we have been witnessing breakthrough progress in this respect, but for now, and for many years to come, the answer is a definite no. Machines can know all the words in the world, a task that a man would never achieve, and yet, they still miss the crucial talent to understand the meaning, to break through the idioms, and to end up with a coherent translation.

Wed, 06/29/2016 - 10:57
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MEN WITHOUT PROPERTY

Whereas, in the past, you may have had to compromise on some of your creature comforts while renting in Bulgaria, the plethora of new builds and renovations now available in Sofia and many of Bulgaria's other cities mean that you should be able to find your perfect pad without too much effort.

Mon, 01/01/2007 - 12:58
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