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Bulgaria is on its way to becoming a leading fintech technology hub in southeast Europe.
Sensors distributed across the city will allow the collection of real-time data to improve services, says the council.
Sophos board of directors said they plan to "unanimously recommend" the acquisition offer to their shareholders.
The insurance giant believes the digital transformation will allow it to expand its product range beyond insurance.
The emergence of two new wireless standards will cause IT decision-makers to think carefully.