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The software sector in Bulgaria generated a total of BGN 1 B (approximately EUR 512 M) last year, according to the Bulgarian Association of Software Companies (BASSCOM).
"Roughly speaking, we reckon that the whole ICT sector generates between 9.5% and 10% of the GDP," a BASSCOM representative, Georgi Brashnarov, has told the Bulgarian Capital Daily.
However, if no concrete measures are taken for improving the education of high-quality employees for the software sector, it would miss the opportunity to register a 10-fold growth over the next decade, another BASSCOM representative, Yavor Dzhenev, has stated for the newspaper.
According to Brashnarov, incentives should be created for Bulgarians studying abroad to return to their home country and be employed in its software sector.
BASSCOM believes that Bulgaria is no longer attractive for its low salaries in the sector, since they have increased to reach a level observed in developed economies.
Over the past few years, the software sector in Bulgaria has been growing despite the crisis, with new employees being hired and salaries increasing, the association points out.
Bulgaria is once again facing a contentious push to impose state-approved software on businesses for retail sales reporting
Bulgaria is preparing for the euro adoption by updating the software of over 460,000 cash registers nationwide
A technical glitch in the temporary route-computer centralization system at Sofia Central Station led to disruptions in train schedules, causing delays and cancellations
In 2023, the adoption of electronic business applications among enterprises in the EU varied considerably based on their size
For 25 years now, the global leader DocuWare has relied on Bulgarian IT professionals for the development of its document management and workflow automation system
The Bulgarian Association of Software Companies (BASSCOM) announced their annual Barometer report, marking a historic forecast for the nation's software sector
Energy expert Boyan Rashev has warned that Europe could be moving toward what he described as an “energy lockdown” scenario if fuel supply pressures continue to worsen
Fuel prices in Bulgaria have continued to edge upward, with diesel and gasoline both registering increases in the days following the Easter holiday
Bulgaria’s tourism sector has never been stronger and has been achieving steady growth for the past few years.
Industrial output in Bulgaria posted a modest monthly increase in February 2026, but continued to decline sharply on an annual basis, according to preliminary, seasonally adjusted data from the National Statistical Institute.
The president of the Confederation of Bulgarian Trade Unions, Plamen Dimitrov, has warned that inflation in Bulgaria is likely to exceed earlier projections, even if fuel prices begin to decline
Scroll through a busy news feed and you’ll spot a pattern - economic jitters, tech pivots, shifting consumer habits.
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