The municipal insurance fund for small and medium enterprises has issued warranty for one of the leading IT companies in Bulgaria

“Kontraks” JSC is one of the biggest IT companies on the Bulgarian market. It was founded in 1992 as an international holding with companies in six Eastern European countries and headquarters in Budapest, Hungary. Since 2000, “Kontraks” has been a 100% Bulgarian private company. Today, the company represents a group of firms, specialized in system integration, distribution, engineering, outsourcing, software development, Internet delivery, congress tourism, transport services and manufacturing.

The “Kontraks” group is a leader in the serving of big private and state structures, having won its leading position on the Bulgarian IT market. Clients are big and solvent companies, including state institutions and municipalities.

In the rankings of the leading Bulgarian media for technology and science, during recent years, “Kontraks” has been among the leading ten on the market of Information and Communication Technologies (ICT) and is a leading system integrator in Bulgaria. “Kontraks” JSC is also the only IT company that has found a place in the ranking list of BusinessWeek for the most dynamic and fast growing Bulgarian companies under the standards of “Standard & Poors”.

With the guarantee support of the Municipal Guarantee Fund for Small- and Medium-sized Enterprises at Sofia Capital Municipality in cooperation with a partner bank, additional loan financing was secured for “Kontraks” JSC.