Archive for October, 2018

Metropolitan Subway Won’t Work During the Weekend

Wednesday, October 31st, 2018

Metropolitan Mayor Yordanka Fandakova will inspect the construction of the third subway line.

Two stages of the metro line are currently under construction. Of the total length, which is 12 kilometers, 1/3 of it is already built. 

It is expected that 5 new stops will be launched in the summer of next year (ie before the local elections) – from ”Patriarch Evtimii” Blvd. to Krasno Selo neighborhood. 

On Saturday and Sunday, the tunnel boring machine will work under the existing tunnels on line 1, so the subway between ”Serdika’ station and the National stadium will be stopped and passengers will be served on buses on the ground, bTV announced.


Spotlight: Paperwallet Puts New Spin on Old Product

Wednesday, October 31st, 2018

Spotlight: Paperwallet Puts New Spin on Old Product

Some businesses invent completely new products, while others just improve ideas that have been around for years. Paperwallet is an example of the latter. The company makes wallets out of an innovative material that allows it to be both thin and durable. Read about the business idea and journey in this week’s Small Business Spotlight.

What the Business Does

Sells a line of wallets.

Founder and CEO Elad Burko told Small Business Trends, “PaperWallet sells one-of-a-kind artist-designed slim wallets and thin wallets for men and women. Our wallets are made of durable Tyvek material, making them stronger than leather but half the size.”

Business Niche

Offering a durable product with attractive and unique designs.

Burko says, “PaperWallet was the first to use Tyvek to make a paper-thin wallet. So our product itself is extremely unique. We also don’t do licensing of other brand’s designs – we work with real artists from all around the world creating fresh work that stands out.”

How the Business Got Started

To reinvent an old product.

Burko explains, “We wanted to change the boring and outdated black/brown leather wallet. Our mission was to give the conventional wallet new life. I envisioned a product that was thin and comfortable, yet functional and durable. It took quite a bit of R&D to find a material that would work for this vision. It needed to be strong, durable, lightweight, water-resistant and eco-friendly. I tested different materials for months and nothing fit our bill of requirements. I finally realized that the answer I was searching for was there all along. The envelope the sample materials came in was made of Tyvek, an unbelievably durable, space-grade material that is also eco-friendly. Having found the perfect canvas, we needed to make it stand out. That’s when we began collaborating with up-and-coming and well-known artists around the world.”


Biggest Win

Getting the first few artists on board.

Burko says, “This was crucial because before we had a product we needed these artists to believe in us – and they did! We wouldn’t have anything if it wasn’t for the artists support!”

Biggest Risk

Focusing solely on launching the business.

Burko adds, “This required 110% devotion to the idea and if we failed we’d have to start over or enter the job market. Thankfully our concept was accepted by customers who love our products and we’ve been growing ever since.”

Lesson Learned

Be cautious about who you add to the team.

Burko says, “The one thing that I’ve learned is that good people are hard to come by and you need to really do your due diligence and be selective about who you bring into the family.”

Spotlight: Paperwallet Puts New Spin on Old Product

How They’d Spend an Extra $100,000

Expanding their offerings.

Burko says, “If I had to spend it all on one project, I would put it towards research and development for a new project we have in the works. The extra funds could help us take the project to new heights–so to speak– allowing us to create something even more creative.”

Communication Strategy:

Welcoming everyone’s ideas.

Burko explains, “We have a really open policy when it comes to product development. Many times the artists themselves come up with the idea for a new wallet design. Everyone in the company, regardless of position, is encouraged to brainstorm new design ideas.”

* * * * *

Find out more about the Small Biz Spotlight program

Images: Paperwallet

This article, “Spotlight: Paperwallet Puts New Spin on Old Product” was first published on Small Business Trends


Japanese Star Akiko Nakayama Returns to Sofia with a New Performance and Exhibition

Wednesday, October 31st, 2018

The Japanese star who was in Sofia presenting her performance Alive Painting around this time last year is coming back. The reason is the great interest in the House of Cinema in December 2017 when the artist immersed the whole audience in stories, going through the whole spectrum of emotions to come out purified and still, reports TransmediumNews

Akiko Nakayama returns to the Bulgarian audience to stand on stage on November 8th at 9 pm in the House of Cinema with the musician E.U.E.R.P.I., who will create a sound environment, contributing to the performance and make it into a true abstract live cinema. 

This time, Akiko comes not only with a new performance, but also with a solo exhibition where we will see the “live paintings” frozen at the moment of action. The exhibition will be opened on Thursday, November 1st, on the Day of the National Enlighteners at 18.30 at the Arosita Gallery (12B Vrabcha Street). This is the first and only one-time exhibition of the Japanese star in Bulgaria and will stay for two weeks until November 14th.

Click here to read more about the events 


79% of Bulgarians Are Against Same-Sex Marriages

Wednesday, October 31st, 2018

79% of the population of Bulgaria is against same-sex marriages. What do others in Europe think about this issue?

Sweden, Denmark, and the Netherlands are with the highest percentage of disapproval (88% -86%), followed by countries like Spain, Germany and France (77% -75%). Among the countries of Central and Eastern Europe, the issue is only approved in the Czech Republic – 65% of the respondents answered that they do not mind same-sex marriages. In all other countries in this region, disapproval is extremely high. For example, 59% of Poles, 74% of Romanians, 79% of Bulgarians, 84% of Bosnians and 85% of Lithuanians are against same-sex marriages.

And in Russia disapproval express 90% whole.



Euro Area Annual Inflation Up to 2.2%

Wednesday, October 31st, 2018

Euro area annual inflation is expected to be 2.2% in October 2018, up from 2.1% in September 2018, according to a flash estimate from Eurostat, the statistical office of the European Union.

Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in October (10.6%, compared with 9.5% in September), followed by food, alcohol & tobacco (2.2%, compared with 2.6% in September), services (1.5%, compared with 1.3% in September) and non-energy industrial goods (0.4%, compared with 0.3% in September).


4 Reasons You Need Business Continuity Planning

Wednesday, October 31st, 2018

4 Reasons You Need Business Continuity Planning

What happens if a natural disaster keeps all of our employees at home for days — or weeks. Meanwhile, your key services are hampered due to damage sustained at your office. How are you going to contact all of your employees — not to mention customers? What will be the most efficient ways to put the pieces of your business back together, following an emergency?

This is business continuity planning. Good business continuity planning should look at the business as a whole — with a goal to support business resilience. Business continuity describes a complete solution for backup and disaster recovery. A business continuity strategy will protect data on-premises in physical and virtual servers and in the cloud. Whether data is on servers or in SaaS applications, it needs to be backed up. Business continuity goes a step further and offers you the ability to restore your data, which is termed disaster recovery.

Whether a business is faced with a natural disaster, or a cyber-attack, strong business continuity practices will have you up and running in minutes, particularly business continuity solutions that leverage the hybrid cloud – guaranteeing a quicker restore time. The severity and length of business disruptions caused by any disaster can vary considerably. To be prepared for extended or permanent facility damage, businesses should maintain continuous off-site backup of data, applications, and server images, as well as have arrangements in place for re-routing incoming calls to an alternative site and/or to employees’ mobile phones. Data is essential for all types of organizations today, so ensuring access to applications and data following a disaster is critical.

Still, it’s just one piece of the business continuity puzzle. Evaluating your company’s ability to restore IT operations can be a good starting point for company-wide business continuity efforts. In fact, many business continuity planning efforts start by conducting a business impact analysis or risk assessment — these studies can reveal weaknesses in your organization’s ability to continue operations that go far beyond IT.

What are 4 reasons you need business continuity planning?

1. Downtime is really, really, expensive: If your employees or customers lose access to business-critical applications and data, there will be a direct impact on productivity and revenue. While this sounds obvious, many organizations do not consider the actual costs of downtime. Some modern business continuity products offer the ability to run applications from backup instances of virtual servers. This allows users to continue operations while primary application servers are restored. Choosing a business continuity solution aimed at reducing downtime makes good business sense.

2. Data backup alone is not enough — not nearly enough! You’d be hard pressed to find a business today that doesn’t conduct some form of data backup. But, what happens if a flood wipes out your primary and backup servers? Sending a copy of data offsite for disaster recovery should also be considered essential. Historically, this meant sending tapes to a secondary location or tape vault. As previously mentioned, modern business continuity products can run applications from backup instances of virtual servers, and some can extend this capability to the cloud. The ability to run applications in the cloud while onsite infrastructure is restored is widely considered to be a game changer for disaster recovery. As CEO, you don’t want yesterday’s backup technology. Backup and business continuity are not one in the same. Your business needs both — all the time.

3. Disasters actually do happen — and they most times are not natural! Not every disaster is broadcasted on news and weather channels. Most IT downtime is a result of common, every day actions like accidental (or even intentional) data deletion, damage to computer hardware and poor security habits. For example, a CompTIA study found that 94% of respondents routinely log into public wifi, in spite of security risks. And, 69% of this group accesses work-related data over public wifi. A ransomware attack or virus can halt operations just as easily as a tornado or a power surge. These disasters are typically a result of human error, which in unpreventable.

4. Business continuity impacts everybody — especially your customers! Data is essential for all types of organizations today, so ensuring access to applications and data following a disaster is critical. But it’s just one piece of the business continuity puzzle. Evaluating your business’ ability to restore IT operations can be a good starting point for company-wide business continuity efforts. Good business continuity and disaster recovery planning should look at the business as a whole – with a goal to develop business resilience. In fact, many business continuity planning efforts start by conducting a business impact analysis or risk assessment—these studies can reveal weaknesses in your organization’s ability to continue operations that go far beyond IT.

Keep in mind, failure to protect your business from human error, hardware failure and/or natural disasters can be detrimental and impact every single stakeholder. Implementing a business continuity and disaster recovery plan will help you sleep a little better at night.

Photo via Shutterstock

This article, “4 Reasons You Need Business Continuity Planning” was first published on Small Business Trends


British Gas parent Centrica names Charles Berry as chair

Wednesday, October 31st, 2018

”Winter” Action on Bulgarian Roads Begins

Wednesday, October 31st, 2018

Winter” action begins from tomorrow despite the sunny weather. It is expected to announce the measures and control of the roadsahead in the winter months, reported bTV. 

There will be mass control checks around the country.

The Traffic Police will check the condition of the tires, lights, wipers, including the window washer system.


‘Point, Line, Spot’ Presents Works by Lithuanian Artist Sergey Seletskiy Today at New Bulgarian University

Wednesday, October 31st, 2018

The famous Lithuanian painter Sergey Seletskiy visited Bulgaria with his exhibition “Point, line, spot” at the invitation of the Department of Fine Arts at the New Bulgarian University (NBU).

Sergei Selesky has long been involved with graphic design, but he calls himself a painter and an illustrator. He has many years of experience as a lecturer at the Vilnius Humanities University and the Belarusian Academy of Arts.

“We live in a world where the picture has lost its meaning and importance,” said the artist, adding that such events, which gather young people to talk about art, are very important.

The exhibition will be in the NBU Museum today, October 31, 17.00h, and the entrance is FREE. 


German Concern Festo is Looking For a New Factory Near Sofia

Wednesday, October 31st, 2018

Within the next two or three years, the German concern Festo, which currently has two locations in Bulgaria – in Sofia and Smolyan, will start building a new production base in our country, according to

The company faces a serious challenge – finding the right infrastructure in the right place.

The company’s investments from the current period until 2023 will amount to BGN 70 million – as the company has invested in the last 7 years – from 2010 to 2017.


Business news