Six EU member states have failed to appoint national authorities to enforce the bloc’s AI Act by the August 2025 deadline, while 10 others have only made provisional decisions. The European Commission has also delayed plans to fund seven AI compute hubs, citing national administrative delays. The delays risk
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European private equity firm Oakley Capital acquires a majority stake in Graphwise, formed in 2024 by merging Bulgarian Ontotext and Austrian Semantic Web Company. The deal is one of Bulgaria’s largest software exits, though financial terms were not disclosed. Graphwise serves over 200 blue-chip clients with AI and
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Bulgarian AI startup DiscreteStack secures €800K in seed funding to expand its open-source AI infrastructure for regulated sectors. The technology enables businesses to run large models on standalone servers and disconnect from the internet for data control. The round was led by CleverPine Ventures with strategic investors participating. (THERECURSIVE)
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The enforcement era of the Digital Operational Resilience Act (DORA) has started after the European Supervisory Authorities published the first incident overview on 3 June 2026. National authorities are now cross-checking ICT risk management data and issuing penalties, with fines ranging up to 20 million euros or 10% of
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Bulgarian satellite company EnduroSat plans to develop Europe’s largest space and defense R&D centre at the former Dobroslavtsi airport. The project, announced with Prime Minister Rumen Radev, follows government approval of a memorandum with Starbase Europe EOOD, owned by EnduroSat’s founder. The initiative aims to bolster
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