Eight Sofia-based companies among FT1000’s fastest growing companies in Europe

The Financial Times included 12 Bulgarian companies in FT1000 – its report on Europe’s fastest growing companies in 2020. The report has been compiled in collaboration with Statista for a fourth consecutive year. Eight of the included Bulgarian companies are based in Sofia and operate in the sectors of technology and consulting services.

A total of 268 of the companies listed in the FT1000 2020 report were also featured in last year’s edition, and 90 companies have been included in all four editions. The profile of the companies this year reflects the ever growing importance of the technology sector and startups with innovative solutions. They are represented by 189 companies. With the addition of fintech and e-commerce to the group,  the sector’s share increases to 259 companies, which makes for over 25% of all of the fastest growing companies in Europe.

Among them are eight companies based in Sofia – 7 in the technology sector (Xtream Codes, Mobile Wave Solutions, Botron Software Solutions, LEAD Consult, B EYE EOOD, Accedia) and one in the fintech sector (Qaiware). The remaining four Bulgarian companies in the list are from the agricultural sector (Trans and Trade 1, Varna), the energy sector (S&G Solar, Blagoevgrad), consultant services (Next Consult, Sofia), food and beverage (Bulchicken JSC, Sevlievo), and industrial goods (Smart Design 2006, Varna).

Most of the top-ranked companies are based in Germany, Italy, the UK and France, with these four nations accounting for about 70 per cent of the overall ranking. London retains its lead as the city with the greatest number of fast-growing companies, followed by Paris and Milan, while Warsaw and Vilnius make the top 10 for the first time.