Podcast in English
Text size
Bulgarian National Radio © 2024 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

Sofia University

World researchers of mosaic art arrive in Sofia for a scientific forum

Over one hundred leading scholars from three continents will participate in the 16th International Conference of the International Association for the Study of Ancient Mosaics (AIEMA), which opens today in the ceremonial hall of Sofia University "St...

published on 10/14/24 8:05 AM
Caretaker Premier Dimitar Glavchev

Caretaker Premier Dimitar Glavchev to participate in the Berlin Process Summit

Caretaker Premier Dimitar Glavchev will participate in the Berlin Process Summit, which will be held today in the German capital, the press service of the Council of Ministers said.  The main objective of the initiative is to support the..

published on 10/14/24 7:05 AM

New week starts with sunny weather

It will be mostly sunny on Monday. There will be temporary increase in cloudiness from west to east. There will be light westerly and northwesterly wind. Moderate wind is in the forecast for the Danubian Plain and the Upper Thracian Plain. The lowest..

published on 10/13/24 5:20 PM