In Sofia, trade and industry is vital to the growth of the economy. The capital city of Bulgaria is a large recipient of Foreign Direct Investment or FDI in the European country.
The financial services companies operating in the city like banks, equity traders, foreign exchange dealers and financial arbitragers are lifeblood to the Sofia trade and industry. The Sofia trade consists of a number of old economy industries. There are numerous companies operating in the field of rubber, leather and
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textile products. There are also many companies engaged in food processing.
The 1990's saw the old Socialist economic policy discarded. Major investments have been made in the new economy sectors like Information Technology or IT. The list of notable high technology companies includes the German Information Technology major SAP AG. The industrial sector of Sofia has seen massive outsourcing investment in recent times. The real estate market of the city has also boomed in the last few years.
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