Leading global automotive supplier invests BGN 9 billion and creates 350 jobs in Sofia

Bulgaria’s Minister of Economy Lachezar Borissov on October 8 presented a Class A investment certificate under the Investment Promotion Act (IPA) to the Managing Directors of Bosch Engineering Center Sofia, Konstantin Konov and Thomas Metz. The official ceremony at the Ministry of Economy was also attended by Deputy Minister of Economy Stamen Yanev.

The certificate is awarded for the investment project "Establishment of BOSCH Engineering Center Sofia" in Sofia. The project of Robert Bosch EOOD is for the construction of a software engineering center on the territory of Sofia Tech Park AD.

The investment amounts to BGN 8,729,000, and a total of 350 new jobs will be created for highly qualified specialists. The goal of Engineering Center Sofia (ECS) is to become a leading IT and software global provider of car manufacturers.

Minister Borissov pointed out that Bulgaria is a leader in the region in terms of financial stability, economic development and credit rating. He stated that the investment of Robert Bosch GmbH, a leading global supplier of automotive components, is another proof that Bulgaria is an attractive investment destination, especially in the field of high technology and the automotive industry.

The development of software for the future development of the automotive industry in Bulgaria is an occasion to attract new investors. In our country there are already over 250 companies related to the automotive sector, which is one of the industries that achieves the goals of sustainable development.

The Minister of Economy pointed out that for the implementation of the project, the investor has requested the use of incentive measures under the IPA, including financial support for training and partial reimbursement of the mandatory social security contributions made by the investor at his expense as an employer.

Lachezar Borissov also said that the support is planned from the budget of the Ministry of Economy and added that they are working to create additional opportunities to support investors implementing projects important for the economy. According to him, these measures have an important anti-crisis effect in terms of helping investors to maintain and create new jobs, especially in times of crisis.

Konstantin Konov, Managing Director of Bosch Engineering Center Sofia, emphasized that today marks 1 year since the official opening of the Engineering Center.

During these months we have grown about 2 times and we have very serious plans to expand our investments in Bulgaria. We have proved that we are not an outsourcing company, but that we have the potential and ambition to be the engine of the automotive industry. At Bosch Engineering Center, Bulgarians are creating the cars of the future that will provide us with a safer and easier life on the road tomorrow. For us, this is not only a goal, but also a cause that unites us and moves us forward.

Thomas Metz added that the Bosch brand has been known in Bulgaria for more than 25 years and has a positive attitude towards it in every aspect.

With Bosch Engineering Center Sofia we showed a new face of the company here - a leading engineering center for mobility in areas such as automated driving, connectivity, electric mobility and artificial intelligence. We will continue to invest in the development of innovative mobility solutions, as well as in the development of people and the team. We will continue to grow by attracting and training future talents.

The center develops software for the automotive industry mainly in three directions:

1. Projects related to the construction of software platforms for the so-called central computer in the car.

2. Projects related to autonomous car management. It is software that uses data from various sensors and, based on sophisticated algorithms, analyzes the traffic situation and makes decisions for the driving of the car, replacing the driver.

3. Projects related to the internal monitoring in the car during autonomous driving. This software uses camera data inside the car through sophisticated behavioural algorithms to monitor the driver's condition and readiness to take control if necessary.

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