Discover International School Becomes Part of VM Finance Group

VM Finance Group continues to strengthen its commitment to the education sector through the strategic acquisition of Discover International School, a private Montessori school in Sofia. The school is an innovative educational institution accredited to deliver the prestigious International Baccalaureate (IB) continuum, spanning early childhood education through Grade 12, while successfully integrating the principles of Montessori pedagogy into its educational framework.

The acquisition further expands the Group’s portfolio in the education sector and reflects VM Finance Group’s long-term strategy of supporting innovative, sustainable, and future-focused educational models.

VM Finance Group’s strategic focus on education is rooted in its mission to create long-term value for society and support the sustainable development of key sectors in Bulgaria, particularly education.The acquisition strengthens the company’s position as a responsible investor dedicated to supporting the long-term development and modernization of education in Bulgaria.

“Investing in Discover International School is a natural extension of our commitment to the development of future generations. We believe that modern education should combine academic excellence with a child-centred approach, encouraging critical thinking, inquiry, creativity and personalised support. Schools should provide an environment where every child can develop their full potential, far beyond academic achievement alone,” said Alexandra Mircheva, Chief Executive Officer of VM Finance Group.

VM Finance Group has been active in the education sector since 2008 through the development of ABC KinderCare Centres, a network of kindergardens focused on early childhood development, language learning and contemporary educational practices. The acquisition of Discover International School builds upon this longstanding experience and expands the Group’s educational ecosystem.

Discover International School further strengthens this expertise by contributing to a seamless and internationally recognised educational pathway from early childhood through secondary education.

The school’s academic programme meets the requirements of the International Baccalaureate (IB), the Association Montessori Internationale (AMI) standards and the Bulgarian national curriculum. Graduates receive both an internationally recognised IB Diploma and a Bulgarian secondary education diploma.

The Montessori approach, which places the child at the centre of the learning process and promotes independence, critical thinking and natural curiosity, is fully aligned with VM Finance Group’s vision for high-quality education that prepares students for the challenges and opportunities of the modern world.

For many years, VM Finance Group has been an active participant in Bulgaria’s education sector, including through its involvement in the amendments to the Pre-school and School Education Act adopted in 2015 as well as by bringing leading international education experts such as Sir Roger Fry, Tony Puri, Mark Atkins, Daniel Lewis, Andria Zafirakou and others to Bulgaria, supporting the country’s efforts to advance its vision for a modern and future-oriented education system.

The British Chambers of Commerce (BCC) is urging government to transform public procurement and infrastructure delivery to unlock growth. 

At its Global Annual Conference, today, it has launched a new report – A Smarter Way to Deliver Infrastructure: The Great British Supply Chain – setting out how this can be done. 

Among its key recommendations are: 

• Simplifying procurement rules and rebalancing social value criteria to increase SME participation and local economic impact 
• Embedding Local Skills Improvement Plans (LSIPs) into all major infrastructure projects to align skills with delivery needs 
• Committing to a long-term programme of transport, digital and energy infrastructure investment to unlock supply chain capacity 

The plans were announced by Director General Shevaun Haviland during her conference speech. The report analyses how fragmented procurement systems and supply chain pressures are holding back UK economic potential. 

While small and medium sized business make up 99% of UK businesses, they currently receive just 22% of direct public procurement spend. Increasing this share to the government’s 33% target would redirect up to £20bn a year into regional economies, strengthening resilience and boosting growth. 

The report also underlines the wider economic benefit that comes from supporting more local suppliers. Every £1 spent locally generates £1.76 in economic value, compared to just £0.36 when this money is spent outside the area. 

But complex and resource-intensive procurement processes, skills shortages, and poor infrastructure are preventing smaller firms from accessing opportunities and delivering at scale. 

Drawing on extensive experience from its Chamber network, including involvement in major projects such as Hinkley Point, Crossrail and Sizewell, the BCC is proposing a practical plan to build a more inclusive and resilient ‘Great British Supply Chain’. 

Shevaun Haviland, Director General of the BCC, said: 

“Public procurement should be one of the most powerful tools we have to drive growth across the UK. But right now, it is too complex, too fragmented, and too often excludes the very businesses that can deliver innovation and impact. 

“Our analysis shows that unlocking supply chains is one of the fastest ways to boost regional economies, create high-quality jobs and strengthen resilience in the face of global uncertainty. 

“Chambers of Commerce across the UK are demonstrating what works — helping pump billions of pounds into their communities by connecting local businesses to major projects. 

“We are already speaking to government about how we build on this ambition. By simplifying procurement, investing in skills and infrastructure, and opening up opportunities to SMEs, we can build stronger supply chains that work for every region of the UK. 

“The tools exist. Businesses are ready. This is a chance to deliver growth at pace and scale.”

BBCC member Bob Spence has been awarded a certificate by Barclays Eagle Lab for being the most inspirational member of AHQ East Parade. This is a special recognition for Bob and his efforts in coaching 17 Barclays Eagle lab businesses to improve their pitches for Climb UK.

Congratulations, Bob!

On June 13, the Anglo-American School of Sofia (AAS) campus transformed into a vibrant global village for its annual International Fair, bringing together the school’s diverse community of 55 countries.

A Feast for the Senses

The absolute highlight of the International Fair was connecting over home-made food from around the world. The AAS parent community prepared delicious national dishes that offered a genuine taste of the diverse cultures that make up the school.

Beyond the food, the school grounds were buzzing all afternoon with live performances showcasing the many talents of AAS students. A variety of games and activities kept the youngest guests energized and entertained. 

The afternoon also featured student-led charity initiatives that beautifully highlighted the school’s core value of giving back, all leading up to the raffle – a student-favorite tradition that kept everyone on the edge of their seats until the very last prize.

A Heartfelt Thank You

An event of this scale takes a great amount of heart, time, and teamwork. A massive thank you goes to the incredible volunteers and the Parent Teacher Organization (PTO) for making it all happen.

Thanks to the parents’ generosity, the PTO raised funds that will go straight back into supporting the school’s educational programs and enhancing the student experience.

See more pictures from the event here.

The President of the British Chambers of Commerce (BCC) is calling on policymakers to introduce a ‘growth delivery test’ to help businesses turn ambition into action.  

A major new report, co-authored by Andy Haldane, says the UK can break through its decades long economic growth ceiling by focusing on the decisions businesses make every day.  

Based on research from the BCC Insights Unit, the report identifies five practical levers for growth: skills, technology adoption, trade, finance and business scaling.  

In a survey of 875 firms in April, respondents were asked what would directly support growth in their business. The results showed: 

• 67% said better access to skills  
• 60% said increased use of AI  
• 56% said simpler processes and lower costs to trade globally 
• 46% said easier access to finance  
• 35% said simpler process to restructure, list or exit  

The report argues that the UK’s growth problem is not a lack of potential, but a failure to convert that potential into action. It says, “the UK has the ingredients of growth already in place: resilient firms, strong private sector balance sheets, high levels of innovation, deep pools of capital, and a globally respected business brand.” 

However, the report warns that “firms have not lost ambition. They have lost confidence that the economic environment rewards it.”  

It identifies a growing “risk-aversion cycle” among businesses, arguing that too many firms are delaying investment, recruitment and expansion because the risks outweigh the rewards. 

The report concludes “the measure of success is not a strategy published. It is a decision changed.” 

Andy Haldane, President of the British Chambers of Commerce said:  

“The UK does not lack growth potential; it lacks the ability to turn that potential into delivery. 

“Our businesses are innovative, ambitious and resilient. But after years of rising costs, skills shortages, regulatory pressure and economic uncertainty, too many now believe the risks of growth outweigh the rewards. 

“Growth depends on businesses choosing to invest, hire, train, adopt new technologies, enter new markets and scale. If too few firms make those choices, economic growth will remain stubbornly weak. 

“That is why this report proposes a simple Growth Delivery Test. Before announcing any major economic measure, policymakers should ask, will this prompt firms to do something they would not otherwise have done? 

“The biggest opportunity is the UK’s ‘movable middle’, the thousands of established firms in every nation and region that already have customers, products and ambition. But they need the confidence, capability and conditions to take the next step. 

“The UK already has the ingredients for growth. The task now is to turn ambition into action.  

Success should be measured not by a strategy published, but by a decision changed.” 

David Bharier, Deputy Director at the British Chambers of Commerce and co-author of the report said: 

“BCC data consistently shows weakening business sentiment and firms experiencing policy as downside risk rather than a route to growth.  

“But beneath that headline lies enormous untapped potential. Our survey of 875 firms shows clear appetite for action – on skills, AI, trade, finance and dynamism.  

“AI adoption alone has more than doubled among SMEs in just two years. What is missing is not ambition but a consistent, systematic way of helping firms act on it across all five levers.” 

Read the full report here

On a beautiful summer evening, the British Bulgarian Chamber of Commerce welcomed members, partners, and distinguished guests to the highly anticipated Summer Gala, this year with a Royal Ascot theme, held at the elegant residence of H.E. Nathaniel Copsey, British Ambassador to Bulgaria.

Upon their arrival, guests were welcomed by Peter A. Harvie, a traditional Scottish bagpiper. In the garden, guests were greeted by H.E. Nathaniel Copsey and BBCC Chair Barry Brand. A special performance by young Katerina Mihaylova marked the start of a night of Royal Ascot-themed festivities.

The event was in support of CAAI, a Bulgarian non-profit organisation founded to protect animals, especially in factory farming. They work for systemic improvements in animal welfare through legislation, corporate engagement and institutional reform.

The gala was not only an evening of networking and celebration, but also of culinary delight and entertainment. Guests were treated to a fresh oyster raw bar by Chef Nikola, Head Chef of the British Embassy, delicious bites by Hilton and MyChoice Catering and exquisite selections of cocktails at the Johnnie Walker whisky bar. Aya Estate Vineyards made the lovely wine selection for the night. The mood was beautifully set by the enchanting sounds of Intro Quartet, who provided live music throughout the evening.

Our kind sponsors and partners provided four prizes that were given out during the raffle at the end of the night.

Capturing the glamour of the night, 3Frames were on hand to photograph the event, while the stunning photo wall and floral decor were brought to life by Perfect Candles Decor and Blossom Flowers.

We would like to express our sincere thanks to our generous sponsors, whose support made this extraordinary evening possible- our Diamond Sponsors Megapark, Next Logistics, and Epay, our Gold Sponsors Hilton and SGI Architects, and our Automotive Partner Moto-Pfohe. We would like to acknowledge our Drinks partners, Johnnie Walker and Aya Estate Vineyards. Special thanks to our print partner, Magic Outdoor, and, of course, the British Embassy in Sofia for their continuous support.

More pictures from the event will be released next week on our Facebook page.

Plan your family vacation in June and take advantage of Rila Hotel’s special accommodation rates. Rila Hotel have created a special offer to make family vacations even more enjoyable and affordable, whether you’re travelling with children, grandparents, or close friends.

Special Benefits in June

Free Accommodations for Children Under 12 when accompanied by one or two full-paying adults.

Get a 10% discount when booking a second room for grandparents, other family members, or close friends.

https://www.rilaborovets.com/bg/special-offers/june-family-offer-kids-stay-free-second-room-discount

In the beginning of June, Sofia became a meeting point for some of the world’s leading philanthropy and civil society organisations as BCause Foundation celebrated its 30th anniversary with an international conference and a series of strategic meetings bringing together partners from across the continents.

The gathering welcomed representatives of organisations from the CAF (Charities Aid Foundation) Network, one of the world’s most influential communities working to advance giving, philanthropy and civil society. While the anniversary conference provided an opportunity to reflect on three decades of BCause’s contribution to philanthropy in Bulgaria, the whole week was eventful for the visitors. Over four days, participants engaged in discussions on some of the most pressing issues facing the philanthropic sector today. Topics included diaspora giving, new approaches to measuring and communicating impact, engaging the next generation of donors, partnerships with corporations, and creating a more enabling environment for civil society organisations through advocacy and policy engagement.

The meetings also served as a platform for sharing experiences from different regions of the world and identifying opportunities for joint initiatives. Participants exchanged ideas, lessons learned and practical approaches drawn from diverse social, economic and cultural contexts, highlighting the value of international cooperation in addressing global challenges.

A particular highlight of the week was the official global launch of the World Giving Report 2026 which was presented for a first time to an international audience from Bulgaria, during BCause Foundation’s anniversary conference. Developed through the collaboration of CAF network partners around the world, the report offers valuable insights into public attitudes towards giving, trust, civic participation and philanthropy across different countries and regions.

The launch underscored Bulgaria’s growing role in international conversations about philanthropy and social impact, while demonstrating the strength of BCause’s long-standing partnerships within the global giving community.

Beyond the formal programme, international guests had the opportunity to experience Sofia’s vibrant cultural life, Bulgarian hospitality and cuisine. These informal moments reinforced the personal relationships that often underpin successful international collaboration.

Starlink authorized reseller expands coverage to 24 new countries and unveils next-generation terminals

Neterra, an authorized reseller of Starlink by SpaceX, announced significant price reductions across its portfolio of Starlink satellite terminals, making high-speed satellite connectivity more accessible than ever.

Starlink terminals are now available for purchase in 156 territories worldwide. Customers in 129 territories can benefit from discounts exceeding 15%, while 99 territories now enjoy substantial reductions ranging from 50% to 80% on selected products.

In a major expansion of its coverage, Neterra can now provide quotations and supply Starlink terminals in 24 additional countries and territories, including key markets in the Middle East, as well as Israel, South Korea, and Kazakhstan.

Also available for immediate ordering are the new Starlink Standard 4 and Standard 4X terminals, representing the next generation of Starlink’s popular Standard hardware. These new models offer enhanced performance and reliability compared to their predecessors.

Looking ahead, Neterra can also share an early glimpse into Starlink’s future roadmap. By the end of 2026, Starlink is expected to introduce a new family of satellite terminals featuring improved resilience and, for the first time, the capability to communicate simultaneously with two satellites. Current-generation Starlink terminals can connect to only a single moving satellite within the low-Earth orbit (LEO) constellation at any given time. This advancement is expected to deliver greater connection stability and improved overall performance.

Stay tuned for more updates and exciting developments from Neterra.

PwC’s Academy is pleased to announce the next edition of its flagship Mini MBA programme. The group will begin on 15th October, and registrations are now open. 

The Mini MBA is a unique programme designed to develop essential business skills and practical know-how. It consists of 9 interconnected modules covering key areas of the organisation, including corporate strategy, operational agility and efficiency, marketing, accounting and finance, leadership and people management, project management, and innovation. Together, these modules provide a holistic view of how different functions align and work together to support smooth business operations. 

The Mini MBA programme is delivered live online, in English, by a highly experienced group of tutors who bring both deep knowledge and practical business experience in their respective fields. 

If you register before 15 September 2026, you can take advantage of a special early bird discount. 

Find more information and full schedule here: https://www.pwc.bg/en/pwc-academy/portfolio/mini-mba-programme.html  

Contact PwC’s Academy team at bg_pwcacademy@pwc.com