BUSINESS

The association's chairperson, Ms.

A rare opportunity to learn how to make the most of EU's Asset Management Regulation - this is in short the reason to register for a special event, organised by the Bulgarian Association of Asset Management Companies, or BAAMC, on 27 November.

One of the most dynamic industries in the history of the world, IT, is going through yet another period of transformation. The shift caused by changes in the global economy and the ongoing political turmoil, the introduction of artificial intelligence in all spheres of life and the continuing development of technologies have visibly disturbed the landscape. What does it look like in Bulgaria – one of the most prospective locations for development in the global IT industry?

This development represents a significant milestone in interworks.cloud’s strategic growth within Southeast Europe, particularly in the Balkans, enabling the company to deliver advanced cloud solutions to a broader audience.

The world today more than ever needs visionary leaders in all spheres of life – from business and technologies to politics, science and art, to social relations. Why? In the course of millennia, during the greater part of the history of humanity, people had relied on natural leaders – the chieftain, the shaman, the elders in the village or the town, the priest, the local monarch.

Profilink, one of the most successful manufacturing companies and trade brands in Bulgaria has announced that it has successfully ended a project that lasted for almost a year: its repositioning on the market and complete rebranding.

Modern society values success more than many other things. But how can you measure success? For many people, success is in material things such as high incomes, expensive homes, cars and clothes, the capability to eat at stylish restaurants, to drink exquisite wines, to relax at exotic destinations.

Dibla Design Awards stand out as the event that celebrates the achievements in interior design in Bulgaria. Each year, the ceremony attracts an audience of over 1,200 and is an excellent opportunity for networking in an inviting and inspiring ambiance. The 2024 will be attended by members of Bulgarian business and media, potential partners, clients and investors. 

The actively trading inventory of completed class A&B office space in Sofia tracked by Avison Young Bulgaria is 2.01 million sq.m. Just 10,950 sq. m new office stock were delivered to market during the second half of 2023. The new deliveries for the year were the lowest since 2013. The direct Class A and B vacancy rate was up compared to 2022 and remained steady in 2023 at 14.3%. 144,893 square meters were transacted in the second half of the year. 55,203 square meters were from new leases and 89,690 square meters from prolongations.

What are the objective stats and figures about the condition and near future of the office property market in Bulgaria? The latest report of Avison Young, a consultancy company, that focuses on performance in the first half of 2023, reveals interesting trends. In the period, the volume of the actively traded finished office spaces class A and B remained almost the same, amounting to 1.99 million sq.m. Only some small scale projects were actually finished and put on the market.

The international brand launches new types of ticketing purchase methods and food pre-booking:

• Directly on Cine Grand app

• Self ticketing kiosks at the entrance of the cinemas

The customers can now buy movie tickets directly on the Cine Grand app, which can be found in Android and iOS stores. They can:

• stay updated with movie information;

The platform has replaced the preceding self-written backup scripts and outdated anti-virus program in the Municipality.

THE CHALLENGE

"We needed an automated backup and recovery solution that doesn’t require a large capital expenditure," stated Pavel Hristov, Ph.D., Head of the IT department of Veliko Tarnovo Municipality. “In addition, we wanted a higher-level cybersecurity solution to protect our constituents’ data, and we got that with Acronis Active Protection.”

In 2022, Interpartners Communication Group, a Bulgarian public relations leader, celebrated its 30th anniversary in a truly special way. It commissioned two surveys to Research Center Trend, that focused on the values of the Bulgarians as a nation and the ethics of the local communication industry. The results were announced on 25 January during a special event dedicated to improving the teamwork between communication agencies and the media.

The results of The Values That Connect Us survey paint an intriguing picture of a nation and professional guild in a state of flux.

In the coming months, the Sofia office market will see even more relocations of tenants to new buildings for various reasons: tenants wanting a “fresh” new office; tenants relocating because their existing headline rents will become higher than the asking rents of new buildings on the market (due to indexation); and tenants consolidating their office space in one place. 

This is one of the takeaways from the H1 2022 market report of the Sofia market by Avison Young, a global real estate advisor.

Acronis, the global leader in cyber protection, has released its annual Cyber Protection Week Global Report 2022 timed to this year’s World Backup Day.