Bulgaria Moves into Top 30 Offshore Locations for the period 2010-2011 “Gartner”, December 2010 It’s about People!
Political system: Republic Capital city: Sofia Total area: 111 910 km² Population: 7.6 million Bulgaria is one of the oldest states in Europe. European Union member since 2007 Expected to join the Eurozone in 2013 Geo-strategic position between Asia & Europe It’s about People!
In 2010 Bulgaria was ranked 44th out of 183 countries by the “Ease of Doing Business Index” of the World Bank. It’s about People!
The lowest corporate taxes in Europe Fully functional market economy Macro-economic stability and working market mechanisms Great climate (four seasons), nature (mountains area & sea) and hospitable spirit. It’s about People!
In 2009, Bulgaria was rated as the “new offshoring star in Europe” by AT Kearney, a global management consulting firm. It’s about People!
IT outsourcing market volume: (USD Million) 322 Number of IT outsourcing companies 470 Number of specialists involved in IT outsourcing services industry 8,700 The most competitive salary levels in the ICT sector within the EU It’s about People!
Bulgaria holds ground in office outsourcing Global business consultant “AT Kearney”, May 2009 It’s about People!
OUTSOURCING by sector source: “Colliers International” It’s about People!
Some major international companies having established their own teams in Bulgaria It’s about People!
Multilingual Nation Usage of foreign languages for the period 2009 - 2010 sources: “Invest Bulgaria Agency” ; Ministry of Education It’s about People!
Geographical proximity Bulgaria is between 1 and 2.5 hours flight by any European country. Time difference between Bulgaria and the rest of Europe is just an hour. These are good advantages for round a clock software development. Some low-cost European air companies having direct flights to Bulgaria: Wizz Air German Wings Easyjet It’s about People!