All entries located in Sofia (Bulgaria), newest first. tag:eurotrack.ai,2026:en:en/regions/sofia 2026-10-23T06:00:00Z Eurotrack tag:eurotrack.ai,2026:a07fbdc9:en 2026-10-23T06:00:00Z

Bulgarian metals company Sofia Med plans to build, under its SVAROG project at its Sofia site, a plant refining about 30,000 t of mixed copper scrap a year into copper of over 99.9% purity. The project (about €19.49m, including a proposed €6.2m grant) passed evaluation in the EU Innovation Fund and was invited to grant preparation; the report gives neither a construction date nor job numbers (BTA, 23 Oct 2026). — Source: https://www.bta.bg/en/news/economy/1230889-sofia-med-plans-eur-19-5-mln-copper-recycling-plant-with-eu-innovation-fund-support

tag:eurotrack.ai,2026:9afbe7b6:en 2026-09-24T06:00:00Z

On 24 September 2026 Schneider Electric announced a cash offer of €70 per share for Bulgarian smart home and IoT maker Shelly Group; the deal values Shelly at around €1.2bn excluding debt, a 27% premium to the unaffected reference price. The founders back the deal; completion depends on, among other things, a minimum acceptance level and regulatory approvals. This firms up the preliminary talks reported on 29 July 2026 (entry 53f7bc81) (heise online, 24 Sep 2026; Handelsblatt, 24 Sep 2026). Update (28.09.2026): Schneider's subsidiary SE 2026 A SAS has registered the €70-per-share offer with Bulgaria's Financial Supervision Commission (FSC); the minimum acceptance threshold is 95%, and the acceptance period will only start once the FSC has approved and the offer has been published (Shelly Group ad hoc release, 28.09.2026). Update (05.10.2026): Shelly Group's board of directors considers the €70-per-share offer adequate in its reasoned statement, relying on a fairness opinion from Freitag & Co.; in the investment agreement Schneider committed, among other things, to preserving management, locations, employment levels and core brands for a set period (Shelly Group, ad hoc announcement, 05.10.2026). Update (23 October 2026): the Bulgarian Financial Supervision Commission (FSC) completed its preliminary review of the offer on 22 October 2026 and asked for additions to the offer document, for which the bidder has 20 business days; the price is not affected. The acceptance period will begin only once the amended document is approved (Shelly Group, EQS release, 23 October 2026). — Sources: https://www.heise.de/en/news/Smart-Home-Schneider-Electric-takes-over-Shelly-Group-11464299.html · https://www.finanznachrichten.de/nachrichten-2026-10/69759497-eqs-adhoc-shelly-group-se-verwaltungsrat-mit-positiver-stellungnahme-zum-registrierten-freiwilligen-oeffentlichen-erwerbsangebot-der-schneider-electr-022.htm · https://live.deutsche-boerse.com/news/EQS-News-Bulgarian-Financial-Supervision-Commission-completes-preliminary-review-of-the-voluntary-public-takeover-offer-for-Shelly-Group-SE-0f8f4c93-26a0-40e3-aecd-5b382c5d4181

tag:eurotrack.ai,2026:4240d027:en 2026-08-14T06:00:00Z

Sofia Metro Line 3 is being extended eastwards by about 3 km with three new stations (Georgi Asparuhov Stadium, Vitinya and Gen. Vladimir Vazov) into the Levski housing estate. The cost of BGN 282,321,041 excluding VAT (around EUR 144.3 million) is financed through the Recovery and Resilience Plan. Four Siemens trains with communications-based train control (CBTC, automation grade GoA3) are to serve the section, which is projected to carry more than 45,000 additional passengers a day. As of 28 July 2026 construction was finished and the section was to be submitted to the state acceptance commission; the English Wikipedia gives 15 August 2026 as the opening date. Update (14.08.2026): The roughly 3 km section with the stations Georgi Asparuhov Stadium, Bessarabia and Gen. Vladimir Vazov was formally opened and entered passenger service on 14.08.2026; the third station is thus named Bessarabia rather than Vitinya (BTA, 14.08.2026: https://www.bta.bg/en/news/bulgaria/1185360-three-new-metro-stations-open-on-sofia-s-metro-line-3). — Source: https://www.bta.bg/en/news/bulgaria/1174695-four-trains-with-advanced-equipment-to-enter-service-on-sofia-metro-s-extended-l

tag:eurotrack.ai,2026:53f7bc81:en 2026-07-29T06:00:00Z

Reported stage (first Bloomberg, picked up by BTA and SeeNews, 29 July 2026): France's Schneider Electric is in preliminary talks over a tender offer for Bulgarian smart home and IoT manufacturer Shelly Group, which is listed in Sofia and Frankfurt. A valuation of around €1.3bn, or about €70 per share, is cited. There is no binding offer; whether one materialises, on what terms and on what timetable is open. Update (24 Sep 2026): Schneider Electric has announced a cash offer of €70 per share (valuation around €1.2bn); the volume is carried in follow-up entry 9afbe7b6. — Source: https://seenews.com/news/schneider-electric-in-prelim-tender-offer-talks-with-bulgarias-shelly-group-1298852

tag:eurotrack.ai,2026:9d750fb8:en 2026-07-16T06:00:00Z

Japanese group Kyowa Manufacturing opened a new production base in Sofia's Iskar science and industry zone on 16 July through its Kyowa Europe subsidiary; the roughly €6 million investment expands its existing Bulgarian footprint. Second source: economic.bg. — Source: https://www.investor.bg/a/524-industriya/433695-yaponskata-kyowa-europe-otkri-nova-proizvodstvena-baza-v-sofiya

tag:eurotrack.ai,2026:4d71d384:en 2026-07-01T06:00:00Z

Bosch is winding down its Engineering Center in Sofia in phases, cutting about 670 jobs; about 400 employees are affected this year, the rest by 2027, and the closure is to be completed by mid-2027. The head of Robert Bosch EOOD in Bulgaria cites the deep transformation of the car industry, falling production volumes and delayed adoption of new technologies (Novinite, July 2026). — Source: https://www.novinite.com/view_news.php?id=239379