Huawei, Bulgaria’s darling

Huawei Technologies is present in Bulgaria as a major supplier for the telecom market in Bulgaria. They have invested more than € 35 million so far.

Huawei Technologies Bulgaria EOOD, established in 2005, is part of Huawei Technologies, a global provider of telecommunications and networking solutions. The Sofia-based company offers telecommunications equipment, software and devices.

The sole owner of Huawei Bulgaria’s capital is Huawei Technology Cooperatief, the Netherlands, and some individuals – Shi Wanli, Li Zhuang, and Gan Jianghua.

Huawei Technologies Co., Ltd. is a global leading player in the ICT industry and ranking No. 83 in 500 Global Fortune. They are focusing on Information Transmission, Storage, and Distribution to Provide ICT Solutions and Services for Three Customer Groups (Carrier, Consumer, and Enterprise).

Their products and solutions have been deployed in over 170 countries, serving more than one-third of the world’s population. They have 170,000+ employees all over the world, comprising 160+ nationalities worldwide, 75% localization rate.

According to the latest financial statement (2017) of Huawei Technologies Bulgaria EOOD, the company reported a profit of BGN 6,162,000 (about EUR 3,100,000).

Huawei Technology Bulgaria was selected as the best company in the sector of information and communication services, outsourcing, and business in 2019 by the largest employer organization – the Confederation of Employers and Industrialists in Bulgaria and the magazine “Economy” in Bulgaria. These awards have been recognized as one of the most prestigious with a 29-year history, which has made it a tradition to distinguish the most successful business leaders and entrepreneurs in the country. The official ceremony “Mr. and Mrs. Economics” was held in the presence of Prime Minister Boyko Borisov, ministers from different sectors, Sofia Mayor – Yordanka Fandakova, MPs and diplomats.

Bulgarian businessman Maxim Behar and Ruki Liu, managing director of Huawei Technologies Bulgaria. Source: pinterest.com

“This is a very special award for Huawei because it recognizes Huawei’s contribution and dedication to the local market. 15 years ago, Huawei entered the Bulgarian market and since then, Huawei has always been the company that will be your loyal and reliable partner that you can count on”, said Li Ji, Huawei General Manager for Bulgaria.

Currently, Huawei Bulgaria is a leading provider of ICT solutions in the region, with the company working with all major operators in the country. The Huawei Bulgaria office employs over 120 employees, 80% of whom are Bulgarian employees, and over 500 employees work for Huawei partner organizations in Bulgaria. Since 2009, Huawei has purchased products and services in Bulgaria worth over BGN 180 million (EUR 92 million) and paid taxes worth over BGN 230 million (EUR 117.5 million).

There are no Bulgarians in the Board of Directors of Huawei Bulgaria – there are 4 managers, all of them from Chinese.

 

Read more about the Chinese companies in:

Ukraine

Moldova

Romania