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Bulgaria's Scientia to invest 2.9 mln euro in expansion project

Bulgaria's Scientia to invest 2.9 mln euro in expansion project Photo: IT Soft / All rights reserved.

SOFIA (Bulgaria), July 19 (SeeNews) -  Bulgarian IT company Scientia will invest 5.6 million levs ($3.1 million/2.9 million euro) in a project which aims to support its expansion and create favourable working environment for its employees, Bulgaria's economy ministry said.

The project will create 80 new jobs in 2019, the ministry said in a statement earlier this week.

The investment envisages the purchase of two office buildings in the city of Gabrovo where the company is based but Scientia will invest a further 80 million levs in IT equipment, Vladimir Todorov, a representative of the investor, said earlier this month in an audio file published on the website of  Gabrovo municipality.

Scientia's investment will support consultancy services, creation of innovative software products as well as the implementation of pilot projects in the field of automation and robotics, the ministry said.

Scientia is specialized in the development, sales and support of software products and solutions, according to data from Bulgaria's commercial register.

(1 euro = 1.95583 levs)