BTL Industries Bulgaria was named Investor of the Year 2025 at the 20th annual awards ceremony hosted by the InvestBulgaria Agency (IBA). During the official event at the Hyatt Regency Sofia hotel, Bulgarian President Iliana Iotova presented the award and the “Golden Bull” statuette to the company’s CEO, Veselin Karavasilev. The recognition was granted for BTL Industries’ EUR 51 million investment in Plovdiv in 2025, which resulted in the creation of over 700 jobs.
Since establishing operations in Bulgaria in 1998, BTL Industries has grown significantly, operating a research and development center in Sofia. With over 850 employees, the company is a major employer in the Plovdiv region and exports medical devices to over 120 countries across six continents. Karavasilev noted that the award acknowledges their long-term commitment to the Bulgarian market.
He stated that the company, which initially entered with a sales office concept, is now BTL’s sole production base globally, shipping over 40,000 devices annually from Bulgaria. Other key recipients highlighted the diverse nature of investment across various industries. Intuitive Surgical Bulgaria received the Greenfield Investment award for a EUR 42 million investment in Parvomay, creating over 170 jobs.
Nestle Bulgaria won the Business Expansion Investment award for a EUR 44.63 million investment in Sofia and 119 new jobs. Festo Bulgaria received the Innovative Business award for a EUR 40 million investment across multiple locations, generating 140 jobs. The Investor of the Year initiative aims to recognize contributions to Bulgaria’s economic development, job creation, and sustainable growth.
The ceremony also featured awards for outstanding contributions in areas such as regional development and social entrepreneurship, drawing together representatives from government, business, and international bodies.
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