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For the project “Investments on Focus” ScaleFocus received a certificate for Investor Class A from the InvestBulgaria Agency (IBA).
The certificate was given at a special ceremony on the 10th of April in the Ministry of Economy in Bulgaria.
ScaleFocus will invest 1 957 650 Bulgarian lev to expand its business and opening 100 new jobs by 2018.
This will lead to expansion of company’s business in Europe and North America where ScaleFocus has development and sales offices.
It is expected to achieve an average 35% growth in export revenues for the three years of the project. The number of employees will increase by 30%.
The newly opened job positions will be:
The investment project of nearly 2 million lev includes the purchase of machinery and equipment for newly recruited specialists and buying licenses.
“This year ScaleFocus celebrating five years of its establishment and the certificate of us is further proof that we are on the right path,”
— said Plamen Tsekov, CEO.
The certificate for investment class is issued in order to provides better support by the state as speed up and facilitate administrative procedures for realization of the investment project, payment of part of the training of newly employed people.
ScaleFocus a Bulgarian high-tech company with offices in Sofia, Plovdiv, London, Munich, Zurich and Washington.
Execute IT projects in telecommunications, insurance, finance and logistics in 21 countries on 3 continents. There are over 350 specialists, the growth in new jobs for one year is 30% (2016 to 2015).