Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

US IT company investing in new engineering office in Sofia

Photo: BGNES

In the next two years, US IT company AtScale will be investing 20 to 25 million dollars in its new engineering facility in Sofia. Teams working in Bulgaria will have the opportunity to develop their own, independent products, it was reported.

The investment is the beginning of the European expansion for "AtScale", which is financed by a loan from "Morgan Stanley" totaling 50 million dollars. Co-founder of the company Matthew Baird told Bloomberg TV Bulgaria that the company would start hiring a team of 50 people. The team will be growing by another year in a year.


Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Fourth no-confidence motion against Rosen Zhelyazkov’s cabinet to be voted on Friday

On Friday, the National Assembly will vote on a no-confidence motion against the cabinet of Prime Minister Rosen Zhelyazkov over ''failures in environmental and water policy''. The fourth no-confidence motion against the current government was tabled..

published on 7/9/25 6:09 PM

Albania's National Assembly Speaker Elisa Spiropali visits Bulgaria

The Speaker of the   Parliament of  Albania, Elisa Spiropali, has arrived in Bulgaria for an official visit. The two-day visit is at the invitation of National Assembly Speaker Natalia Kiselova . Elisa Spiropali was welcomed at the airport by the..

published on 7/9/25 5:48 PM

National Assembly reduces tuition fees at first reading

Tuition fees at state universities should not exceed 75% of the expenses for the training. This was what MPs decided with amendments to the Higher Education Act adopted on Wednesday at first reading. It is expected that after the..

published on 7/9/25 4:08 PM