site.btaBulgaria's FDI Growth at 12-Year High in 2023

Bulgaria has seen a 12-year high growth in foreign direct investments. They reached BGN 7 billion between January and November 2023, up by BGN 2 billion from a year earlier, Economy and Industry Minister Bogdan Bogdanov said at a meeting with Flix Group Chief Financial Officer Christoph Debus and Peter Bankov, Director of the company's Global Delivery Center in Sofia. They discussed the German company's plans for development in Bulgaria, Bogdanov's Ministry said.

"Bulgaria is becoming a hub for development in the region. We have a proven engineering capacity and a growing number of  companies are interested in establishing R&D and knowledge hubs," said Bogdanov, stressing that Bulgaria is a good place for investment and business development.

Bogdanov and the Flix representatives discussed the company's development in Bulgaria, the expansion of its activities through the Global Delivery Center in Sofia and the hiring of new employees for it.

In 2021, FlixMobility, know for its FlixBus and FlixTrain services, invested in Knowledge Hub Sofia. The hub with activities ranging from IT and digitalization to marketing and accounting currently employs more than 60 people, and the team is expected to become 100-strong this year, it emerged from the meeting. This will make the Bulgarian office the second largest after the one in Munich.

German-based Flix, established in 2013, is present in 42 countries with over 78 million customers, managing transport services worldwide, including Europe, North and South America. Thanks to its business model and innovative technology, the company is rapidly creating the longest bus network in Europe.