Turning Defence Investment into Lasting Prosperity: Globawise at Sofia Summit

Bulgaria’s industrial traditions, technology expertise and access to European funding create a significant opportunity. Turning these strengths into lasting capability and prosperity was a central theme for Globawise at the Regional Defence & Security Summit in Sofia on 21 October.

The discussions highlighted the depth of Bulgaria’s defence industry, with references to the country’s oldest company and its largest private employer belonging to the sector. Alongside this industrial heritage sits an established technology ecosystem, with expertise spanning software engineering, cybersecurity, AI and complex systems.

The message from the European Commission contribution was equally encouraging: funding is available, support is expected to grow, and businesses must take the initiative to turn those resources into productive investment.

For Globawise, the opportunity lies in connecting these strengths—bringing industrial experience, technology talent and international partnerships together to build capabilities that endure beyond individual projects.

“Bulgaria has strong industrial traditions, deep expertise and a skilled, proven technology workforce developed over the past two decades. With funding on the table, it is up to the industry to bring these strengths together—to build competitive products, create skilled jobs and generate lasting prosperity.”

Alexander Drangajov, Founder and CEO of Globawise

Globawise’s participation reflects our growing focus on security-critical technology and our ambition to help businesses build the teams, partnerships and delivery capabilities needed to turn investment into results.