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The Prime Minister of Bulgaria awarded ORAK with the Sustainable Innovation award


The special Sustainable Innovation award was presented by the prime minister of Bulgaria Boyko Borisov to the founder of ORAK – Krasimir Stoyanov, and the executive director Georgi Halachev. The award ceremony was a part of the Seventh National Innovations Forum “Innovations and Communications”, hosted by the “Applied Research and Communications Foundation”, Enterprise Europe Network – Bulgaria, the Ministry of Economy, Energy and Tourism, and the Delegation of the European Commission in Bulgaria. The special award is presented for the first time in Bulgaria and follows the awards in last couple of years for Innovative Enterprise of the Year.


This special award means a lot to us because it shows the path we chose for ORAK’s development as a company, creating global products with high added value potential is the right one.  For us innovations have never been a luminary goal, on the contrary, they have been dedicated to the real business perspectives of the market. I am glad that with our sustainable innovation attitude ORAK sets an example, because Information Technologies are a key sector with huge potential for restoring and developing the Bulgarian and European Economic” – says Krasimir Stoyanov.

“To me it is a huge honor that ORAK is an example for sustainable innovative behavior. The special award embodies very precisely the innovative spirit and thinking in ORAK Enginnering. The innovation isn’t a sudden discovery, it is sustainable behavior supported by the creativity and the efforts of the team behind ORAK toward the vision for market development and generating high added value. In the future we will put our efforts to the maximum toward the utilization of our solutions for mass market in Bulgaria and abroad, so they can benefit from the company’s innovative solutions” – added George Halachev.

The representatives of ORAK Engineering were congratulated also by the Minister of Economics, Energy and Tourism – Traycho Traykov, The minister of Education, Youth and science – Sergey Ignatov, the Minister of Regional Development and Urbanization – Rosen Plevneliev, the Mayor of Sofia – Yordanka Fandakova, and the head of the European Commission’s Delegation in Bulgaria – Zinaida Zlatanova, which also took part in the forum.




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