The Outsourcing Business Makes 1 Billion Euro in Bulgaria

The outsourcing services and the IT sector have the capacity and the will to open another 45 000 work positions by 2020. Bulgaria and especially its capital Sofia, is a leading outsourcing destination in Europe and the IT companies are in search of talented specialists in the country. The interest shown towards Bulgaria is not new, since Bulgaria won the European Outsourcing Awards contest for 2015. The country has been nominated as one of the three best places for outsourcing of services and production in the world, along with South Africa and Latvia. Bulgaria has been chosen as the best outsourcing destination thanks to the professionals working here and their skills, knowledge of foreign languages and low expense rates. The country is part of the European Union, which is another plus as well.

The annual turnover of the outsourcing industry is 1 billion Euro and the expectations are for this figure to double by 2020. In the last decade the income of the IT companies has shown an increase of 600 %. At the end of 2014 more than 33 000 specialists have been working in 180 outsourcing companies in Bulgaria. The solid salary and the flexible working hours are drawing the attention of a growing number of graduates.