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 ceremony 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 given for the company’s EUR 51 million investment in Plovdiv in 2025, which resulted in the creation of over 700 jobs within the country’s industries.
BTL Industries Bulgaria, established in the Bulgarian market in 1998, maintains an R&D center in Sofia and employs over 850 people, making it a major employer in the Plovdiv region. The company exports medical devices to over 120 countries across six continents. Karavasilev noted that the award recognized not only the investment size but also the company’s long-term commitment to Bulgaria.
He stated that the company evolved from a 1998 sales office into BTL’s sole global production base, shipping over 40,000 devices annually from Bulgaria. Other major recipients at the event highlighted diverse contributions to Bulgaria’s economy. Intuitive Surgical Bulgaria received the Greenfield Investment award for a EUR 42 million investment in Parvomay, creating over 170 jobs.
Nestle Bulgaria was recognized for its EUR 44.63 million investment in Sofia, generating 119 new jobs. Festo Bulgaria won the Innovative Business award for a EUR 40 million investment across multiple locations, establishing 140 jobs. The Investor of the Year initiative aims to acknowledge entities contributing to Bulgaria’s economic development, job creation, and sustainable growth across various industries.
The ceremony also featured multiple honorary awards recognizing contributions in areas such as regional development and social entrepreneurship.
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Congratulations to BTL Industries; this recognition is a testament to their significant contributions to the Bulgarian economy.