Bulgaria – the Silicon Valley of Europe

The Information Technology industry in Bulgaria is among the fastest growing ones in the country for more than three decades already. Today, this industry enjoys a two-digit rate according to the European Information Technology Observatory and this grow is expected to continue. Five years ago, Bulgaria has been ranked as the most competitive country in the IT Industry in Southeastern Europe.

Currently Bulgaria is among the leading countries with multinational corporations opening offices in Sofia – among which being CISCO, VMware, SAP, HP, Atos, ProSyst, etc. This means that these companies can find in Bulgaria excellent technologies, well-prepared professionals and Class A Sofia offices at affordable prices. Not to mention that Bulgaria has the second fastest broadband internet.

The offices that these IT companies are looking for are spacious, with many onsite facilitates, and great location covered by the public transport network of Sofia city. And since the average monthly salary in the software industry is considerably low compared to the rest of the countries, Bulgaria seems like a great place for outsourcing the business that the IT companies have. The IT industry in Bulgaria is quite promising, with potential to yield high returns in the years to come.