The Deputy Minister of Innovation and Growth, Vesselina Mincheva and the Executive Director of the Bulgarian Investment Agency (IBA), Mila Nenova, awarded a Class A investment certificate for a new project to Phoenix Pharma IT Services.  

A visit was organized to the head office of the company, where the teams of the Ministry and IBA had the opportunity to see closely the working environment and get acquainted with the company’s activities in Bulgaria and abroad.  

The investment project is worth BGN 500,000. It is expected to create 80 new jobs. The company’s activity is to design and develop software that aims to improve the drug industry by offering modern digital solutions. In this way, the company will also respond to the growing need for highly qualified IT resources, and the competencies of current and future employees will be focused not only on software development, but also on server and infrastructure maintenance.  

Part of the company’s work in Bulgaria is to develop a “Smart Medicines System” (SMILA), which is entirely aimed at the Finnish market. The system is a device that is positioned with the patient and cloud-based software, thus the patient acquires the necessary medicine at the right time and contacts the GP.  

At the meeting, Mr. Dimitar Petkov, Manager of Phoenix Pharma IT Services, said that they are collaborating with the Bulgarian Academy of Sciences (BAS) and the Institute for Computer Science, Artificial Intelligence and Technologies (INSAIT), and will also be among the first to use the possibility of high-performance computing of the new Bulgarian supercomputer “Hemus”.  

For the implementation of the investment project, the Phoenix Group said that Bulgaria has competed with 25 other countries.  

The Phoenix Group is a European leader in the fields of wholesale of pharmaceutical products, retail – pharmacies and services for the pharmaceutical industry. With its presence in 29 healthcare markets, the company offers unique geographical coverage across Europe, contributing significantly to the overall healthcare of the population with nearly 40,000 employees.