ORAK Engineering received the award for Innovative Enterprise of the Year.  The company was awarded by the President of Bulgaria Georgi Parvanov in the presence of official representatives of the European Commission, The World Bank, and the Bulgarian government.  The award is for the innovative software platform ORAK R5 which has been distributed for three years now in all of the Balkan region countries and starting last year – in USA, Russia, and Middle East.  The platform provides solutions for trade, tourism, and manufacturing enterprises, by targeting the information and business processes, and provides a flexible environment for optimizing the activities of local and global companies.    

Krasimir Stoyanov, ORAK Engineering’s CEO, was personally congratulated at the forum by the government’s official representative – the Vice Prime Minister Miglena Plugchieva.   Mrs Plugchieva said:  “I’m glad that it is a company of the Bulgarian IT industry to receive this year’s Innovative Enterprise of the Year award.  In this situation of a world and financial economic crisis we rely on this industry to keep the spark of the innovative development of the Bulgarian business.”