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.
Last night, thousands of people gathered in front of the Palace of Justice in Sofia to protest, demanding an independent judiciary and expressing support for Blagomir Kotsev, the mayor of Varna who was arrested recently. Organised by 'Justice for All',..
The main challenge facing Bulgaria’s armed forces is how to translate political will and allocated resources into effective defence capabilities, President Rumen Radev said on Tuesday during a meeting with Admiral Giuseppe Cavo Dragone, Chairman of the..
Bulgaria’s government and representatives of the defence industry signed a memorandum aimed at improving cooperation and strengthening communication between the sector and the executive branch. Defence Minister Atanas Zapryanov said the goal was..
Bulgaria's parliament has approved new regulations for electric scooters, introducing mandatory registration and civil liability insurance under..
Last night, thousands of people gathered in front of the Palace of Justice in Sofia to protest, demanding an independent judiciary and expressing support..
An Armenian delegation led by the Minister of High-Tech Industry Mkhitar Hayrapetyan is on a two-day visit to Bulgaria for the 9th session of the..
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