For the first time in 2022, the country outperformed all other EU peers, ranking first in terms of industrial production growth. This gives new self-confidence to the Bulgarian business, but also shows extremely positive trends at the macro level - through new jobs, growing incomes and more added value.
The achievement, however, comes amid several raging crises – from the COVID pandemic, the war in Ukraine and high inflation rates, through the energy disruptions and the growing signs of global recession.
If we look at history again, it seems that we are at the verge of a new turning point for the Bulgarian industry. Its leaders, however, know that the landscape is, and will always remain, uncertain, but if you keep on moving, you can ride the waves of uncertainty instead of being swept away by them.
The "Factory of the Year" contest is Capital’s event which logically builds on the expertise and knowledge accumulated over the years.
The aim of the project is to distinguish leaders - those who are the first to deal with challenges and those who overcome them in the best possible way. Capital will reward the innovative, the sustainable ones, as well as those who care about the development of the business and its people.
The first edition of the competition will focus on manufacturing innovations on the way to Industry 4.0. Applicants will be evaluated according to criteria developed in partnership with Trakia Tech, Novarto and PriceWaterhouseCoopers (PwC), and the one with the highest overall score will receive the honorary prize "Innovative Factory of the Year", which will carry until the next edition in 2023.
Conditions and stages
Manufacturing companies with at least three completed financial years, 10 or more employees and a turnover of at least BGN 2.5 million for 2021 can participate in the competition.
Based on the points collected, a shortlist of candidates will be drawn up and will undergo further evaluation by our Novarto technical consultants.
The assessment itself will be conducted via video chat. By the end of November, three companies will be determined to compete in the final. The final selection of the winner will be made by a 5-member jury on the day of the award ceremony.
This will happen after the finalists briefly present the innovations made in the enterprises and answer questions from the jury.
The award ceremony for the "Factory of the Year" contest is will take place on the 8th of December in the city of Plovdiv.
The event is by invitation only.