The team of Sofia Investment Agency published its new report titled “The Role of Small and Medium Enterprises in Sofia’s Economy “, developed by the Institute for Market Economics for Sofia Investment Agency. The paper contains data and analysis of the state and trends of small and medium-sized enterprises in Sofia, based on their development over the past five years, as well as an overview of their economic role in Bulgaria as a whole.

The study examines the distribution of the companies in Sofia, their entrepreneurial activity and the viability of the new companies. Special attention is paid to role small and medium-sized businesses play in Sofia’s development, as well as to employment, salaries and labor productivity in the different types of companies based on their size and industry.

Overall, the results of the study are quite encouraging. As it is in other European economies, SME-s make up the vast majority of the companies based in Sofia and produce the biggest portion of the output. The SME sector is also experiencing the highest levels of entrepreneurial activity. Medium-sized businesses are leading both in terms of labor productivity and levels of remuneration. Micro and small businesses have the fastest growth in a number of indicators and their importance for Sofia’s economy is likely to increase in the future.

The main highlights of the report: HERE