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Some USD 5.5 B will be generated by 10 000 working in Bulgaria's information and communications technology (ICT) industry, a recent forecast suggests.
The analysis prepared by CBN - Panoff, Stoycheff & Co (a business and market research group also providing IT consultancy services) and sent to media outlets argues the share of ICT businesses in the economy this year might amount to 11 percent.
Software services, supply of telecom equipment, contact centers, and IT distribution are the areas where CBN sees the biggest growth potential.
Ownership change at Blizoo and Vivacom will have a positive impact on revenues stabilization expected by a number of businesses, the text also reads.
Slowdown in sales of tablet devices and a bigger share of laptops as the engine of the computer industry will also be key processes to observe in 2016.
Additionally, online trade (traditionally at low levels in the country) will see a substantial boost, alongside online services offered by a number of sectors such as banking and telecoms, the latter triggering a process of closing down a number of bank offices and store branches.
With an increase in revenues of Chinese technology giants in the Bulgarian market, a further expansion of Chinese capital should be expected, according to the analysis.
Despite "critically low" levels of technology development in the state and municipal administration (mainly owned to the lack of good communication between the country's political leadership and the IT businesses), a good development in 2015 to have effect this year is the opening of Sofia Tech Park "regardless of the lack of experience and the notable absence of knowledge on the technology industry in Bulgaria".
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
The recent service disruptions in the networks of mobile operators A1 and Vivacom have been deemed significant in their impact
Thousands of Vivacom customers across Bulgaria were left without service following a network outage that disrupted both calls and mobile internet access
Vivacom subscribers have reported receiving messages about upcoming price increases for various services, effective February 8, 2025
A technical glitch in the temporary route-computer centralization system at Sofia Central Station led to disruptions in train schedules, causing delays and cancellations
Bulgaria has secured a six-month extension of the Lukoil waiver, following a decision by the US Treasury Department’s Office of Foreign Assets Control (OFAC)
The Bulgarian National Bank (BNB) has decided to increase the countercyclical capital buffer to 2.25%, in a move aimed at easing pressure on the rapidly growing housing credit market and strengthening the resilience of the banking system.
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.
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