Bulgaria issues startup visas for foreigners
Foreigners can now apply for a startup visa in a move that will allow entrepreneurs from other countries to legally transfer their business to Bulgaria. Applications will be submitted online, and reviewed and evaluated by an expert council at the Ministry of Innovation and Growth. Applicants can expect to hear back in 30 days. Applications will be evaluated on the basis of six criteria - security of funds, financial projections and available capital, customer network, investments, valid patent or utility model registration certificate, as well as business plan and presentation. All companies who are looking to obtain a visa must have received an investment from an equity or venture capital fund amounting to at least 100,000 leva. Applications are free of charge.
Cyber attacks on government websites highly likely
Bozhidar Bojanov, former Minister of Electronic Affairs, has warned that another hacker attack on the websites of state institutions can be expected, most likely related to a discussion by the National Assembly on whether to give weapons to Ukraine.
He added that the DDoS attack on some governmental websites that happened on Saturday, October 15, which was later identified to have originated from a Russian city, was highly challenging.
"Saturday morning is not the usual time an attack like this happens, so we can expect another one to follow sometime soon", Bojanov said, adding that institutions are evidently prepared for one. The authorities have since come forward to say that no information or data had been compromised following the attack.
Ruse to open a new industrial park
Ruse municipality and Thrace Economic Zone (TEZ) will be cooperating in the establishment of a new industrial zone in Ruse. A foreign investor from Germany has also already joined the project. The new industrial zone will be named after the Danube River. It will be located in the existing Industrial Park - Ruse in the Slatina area, and include about 50% of the old industrial zone. Its management is expected to be in the form of a public-private partnership.
Currently, preparatory work is being carried out, pending registration of the industrial park under the Law on Industrial Parks - ZIP. The terrain on which the project will be located is also in the process of being prepared for construction.