News & Analysis

Revenues Of Bulgarian IT Companies Have Sextupled In the Last Decade

“Over the last 10 years, revenues of Bulgarian local IT companies have grown by 600 per cent. Now, Bulgaria ranks third in global rankings of most attractive outsourcing destinations after a leap of 11 places, said Rosen Plevneliev, Bulgarian President at the opening of the Outsourcing Destination Bulgaria conference in Plovdiv.

It has been the second National Outsourcing Conference organised by the Plovdiv Municipality and Industry Watch. It was attended by over 100 IT companies, representatives of the central and local authorities as well as industry organisations. The main topics of the events were opportunities that Plovdiv offers for companies in the sector, the relationship between the education and business and attracting talents from outside the EU.

“It is necessary to facilitate the procedure for issuing Blue cards for persons from third countries. This can be obtained by dropping a market test for applicants, the applications for Blue Cards to be submitted in one place and shortening the time for their issuance. In order to see a jump in the economy, we should work for people, education and new rules,” said Stamen Yanev, Executive Director of InvestBulgaria Agency.

Rumyana Bachvarova, Deputy Minister and Minister of Interior said that the government has set a target and that is to create conditions to train at least 30,000 experts in high technologies who could be employed in the IT and outsourcing sectors.

Source: InvestBG