The car industry in the European Union is in a difficult situation after sales of new cars and especially electric vehicles (EVs) fell sharply in August 2024. This sudden drop has led the leading representatives of the sector to call for urgent action by politicians , to prevent a bigger crisis in the industry and…
The Rousse Chamber of Commerce and Industry informs the business community in the region that Fitch Ratings has confirmed Bulgaria's long-term credit rating in foreign currency at the 'BBB' level with a positive outlook. This is key news for businesses, especially those operating in an international environment, as credit rating stability has a significant impact on the investment climate and confidence in the economy….
In today's digital age, cybersecurity is among the top priorities for every small and medium-sized enterprise (SME). While it is often thought that only large corporations are the targets of cyberattacks, small and medium-sized businesses are also vulnerable and an attractive target for hackers. According to various studies, it is SMEs that are most often at risk due to more limited resources…
Industrial robotics is the deployment of automated machines and robots that perform a variety of tasks, from assembly and welding to quality control and packaging. These robots are programmed to perform activities that traditionally require human intervention, but with greater speed, accuracy and consistency. Probably when you hear robots and machines you imagine the apocalypse of the caliber…
The "Digital Twin in Smart Manufacturing" project continues apace in the development of its training course aimed at preparing participants for the challenges of Industry 4.0. At the second partner meeting in Derio, Spain, the partners discussed the progress of the training modules and the key topics to be covered in the course. With over 450 hours of instruction, this course…
On October 15, 2024, the large-scale youth job fair "Career Horizons" was held at the Kanev Center of the Rousseau University "Angel Kanchev". The event, jointly organized by the University's Career Development Center, the Directorate of Labor Bureau - Ruse and the Ruse Chamber of Commerce and Industry (RTIK), provided a useful platform for direct contact between more than 50 employers and hundreds of…
The current economic situation in Germany has a serious impact on business in the country, and at the same time it has an impact on companies in Bulgaria, especially those that have ties to the German market. According to the latest data presented in Dirk Kaufmann's DW article, the German economy is on track to enter recession for the second consecutive year,…
Digital transformation has become a major driver of change for businesses on a global scale. One of the key elements of this process is the concept of digital supply chains (Supply Chain, SC), which is changing the way companies manage their operations. At the heart of these innovations are technologies such as the Internet of Things (IoT), automated guided vehicles…
In 2023, the revenues of Bulgarian companies marked their first decline in the last decade, with total revenues decreasing by 0.95% to BGN 607.9 billion. Data presented by the National Revenue Agency (NAA) show that total accounting profit also decreased by 1.72%, reaching BGN 54.6 billion. Despite these negative trends, key sectors such as trade and processing...
Between October 1 and 4, 2024, in Inter Expo Center, Sofia, the 15th edition of MachTech & InnoTech Expo is being held - a leading exhibition for mechanical engineering, industrial automation and new technologies in Bulgaria. This year, the event gathers over 170 exhibitors from 12 countries, representing more than 350 global brands. Among them are several innovative…
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