According to the global management consulting firm A. T. Kearney, the attractiveness of Bulgaria as an offshoring destination dropped.

This is shown by the seventh edition of Kearney's Global Services Location Index released earlier this week.

In the latest index Bulgaria ranks 12^th, with the country having dropped three positions from its 2014 standing.

Although the country dropped out of top ten due to minor increases in tax and regulatory costs, the index identified Bulgaria as a highly-cost competitive location inside the EU.

The firm noted that Bulgaria has been destination for European nearshoring for many years and the country is deepening its skills and experience in the industry.

The index ranks 55 countries across three major categories – financial attractiveness, people skills and availability and business environment.

India, China and Malaysia continue to occupy the three top places in the index.

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