Sofia, Vienna sign agreement on mutual support for start-up companies focusing on fintec and biotechnology

This Monday, October 22, following an official meeting of the mayors of Sofia and Vienna, Mrs. Yordanka Fandakova and Dr. Michael Ludwig, the two cities will sign an agreement for cooperation.

The Agreement was negotiated by Sofia Investment Agency and Vienna Business Agency and will be signed by the heads of the two agencies Mr. Gerhard Hirczi – Managing Director of Vienna Business Agency and Mr. Vladimir Danailov CEO of Sofia Municipal Privatization and Investment Agency today in Vienna.

The Agreement aims to facilitate business cooperation between the two cities and to offer information and access to contacts and support that will help Sofia-based entrepreneurs in growing their business in Vienna and support entrepreneurs from Vienna to establish an office in Sofia.

In February of this year, Sofia Investment Agency signed a similar agreement with London. Learn more about the City-to-City agreement between London and Sofia.

Twelve Bulgarian companies from the Finance and Biotech & Life Science sectors will join the Bulgarian delegation in Vienna as a part of a parallel networking event called “25 Hours in Vienna” on October 22-23. The 25-hour long series of business meetings will aim to familiarize the visiting Sofia-based companies with the business environment in Vienna, establish key contacts with local partners and discuss the potential for cooperation.