1 / 16

Sofia real estate market – the need for a strategic FDI city positioning June 2019

Sofia real estate market – the need for a strategic FDI city positioning June 2019. Historical CEE investment volumes EUR bn, annual/ quarterly. 13.8. 13.1. Q4. Q3. Q2. Q1. Historical Bulgaria investment volumes EUR mln , annual. Investment market Q1 2019. Office market Q1 2019.

anyah
Download Presentation

Sofia real estate market – the need for a strategic FDI city positioning June 2019

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Sofia real estate market – the need for a strategic FDI city positioning June 2019

  2. Historical CEE investment volumesEUR bn, annual/ quarterly 13.8 13.1 Q4 Q3 Q2 Q1

  3. Historical Bulgaria investment volumesEUR mln, annual

  4. Investment marketQ1 2019

  5. Office marketQ1 2019

  6. Retail marketQ1 2019

  7. Industrial marketQ1 2019

  8. The need of smart FDI city positioning TOP 10 major European cities of the future 2018/19 – cost effectiveness Tbilisi, Georgia Sofia, Bulgaria Kiev, Ukraine Minsk, Belarus Bucharest, Romania Riga, Latvia Zagreb, Croatia Saint Petersburg, Russia Warsaw, Poland Prague, Czech Republic Source: FDI intelligence.com

  9. Sofia - FDI At the end of 2016, the cumulative FDI in Sofia was 12.2 billion EUR (2000-2016). This was 52% of the FDI to Bulgaria. Source: NSI

  10. FDI in Sofia by sector (2000-2015) Source: NSI

  11. Priority industries in Sofia Source: Sofia Business Guide 2019

  12. City FDI promotion strategy of the year* * Process developed by Emerging Europe for their city FDI strategy award 2019

  13. A case study– VilniusEmerging Europe Awards 2019 (23 countries) Key sectors primed for investment: • FinTech • IT (Game development, Cybersecurity and Data Centres) • Biotechnology • Electronics and optics Lithuanian government provides R&D grants used to reimburse costs for R&D operations, R&D infrastructure and innovation change management. Forward-thinking regulations: • Fastest E-money or payment license • Sandbox regime for FinTech start-ups and a Lite bank license.

  14. A case study – VilniusEmerging Europe Awards 2019 (23 countries) Integration of foreign talent: To attract and retain investors, Go Vilnius implement three strands of activities: • Direct support for international companies • Regular contact with investors • Industry-specific approach in aftercare initiatives The result: • Vilnius labor force working for foreign investors is increasing every year Amounted to a third of the entire Vilnius labor force in 2018 • Foreign investors also take the role of participants and creators of innovations Blockchain Centre Vilnius, opened in 2018, is the first blockchain technology center in Europe • According to Invest Lithuania and FDI Markets, in 2018 Vilnius Municipality attracted: 40 projects in total, accounting for 3,214 new jobs and 76.7 million euro in Capex

  15. Sofia – a city with future potential? Global cities index: current performance Global cities outlook: future potential 13 metrics across 4 dimensions Rank and score determined by averaging the rate of change across each metric using the past 5-years data, then projecting out to 2029 27 metrics across 5 dimensions Rank and score determined by totaling the weighted averages Source: A.T. Kearney 2019 Global cities report

  16. Thank you! Iglika.yordanova@colliers.com

More Related