KEYWORDS TODAY:   RESIGNATIONBSPMalaysia Airlines Crash in Eastern UkraineKTB

HOT: » Bulgaria's government has stepped down

Russian Software Developer Luxoft to Open R&D Center in Sofia in March

Business | February 18, 2014, Tuesday // 11:44| Views: 1263 | Comments: 0
  • Send to Kindle

Russian software developer Luxoft is to open a research and development center in Sofia in March.

US telecoms software developer Comverse opened a research and development center in Bulgaria in 2013, according to reports Bulgarian business daily Capital daily.

The R&D center of Luxoft is to provide software development services and IT solutions for companies specialized in the sphere of financial services and it expects to expand its activities after a certain period of time.

The Russia-based software developer plans to hire 400 employees for its Sofia office over the next two years. The amount of the investment in the Bulgarian unit has not been specified.

Luxoft decided to open an R&D center in Bulgaria due to the availability of highly-qualified IT specialists, the attractive tax regime, the robust infrastructure, the favorable geographic location, the EU laws and security environment, according to a media statement of the company.

The new R&D center is part of the company's strategy to expand its presence in Central and Eastern Europe.

Luxoft currently has operations in 13 countries around the world and its Sofia-based unit will be its 20th global location. The company employs over 7200 people worldwide.

Luxoft has principal executive office in Zug, Switzerland and is listed on New York Stock Exchange (LXFT US).

Business » Be a reporter: Write and send your article
Tags: research and development, r&d center, software development, IT services, it sector
Expats.bg All Are Welcome! Join Now!

Leave a comment


Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria