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Commenting article: Outsourcing Forum Indicates Bulgaria Can Be 'Silicon Valley' of Black Sea Region

Bulgaria has the potential to become a sort of a "Silicon Valley" of the Black Sea, according to participants in a conference on outsourcing and off-shoring, organized by AmCham, the InvestBulgaria Agency, and Colliers International.  

More than 300 international and local delegates attended the first "Realizing the Potential - Bulgaria on the Outsourcing and Off-shoring Map" conference in Sofia, an initiative of the American Chamber of Commerce in Bulgaria (AmCham) and the governmental InvestBulgaria Agency, in cooperation with Colliers International.

"The Conference turned into a truly engaging and successful industry exchange. The one-day event gathered more than 300 international and local delegates - high ranking governmental officials, prominent experts and senior executives, who shared valuable experience and engaged in a forward-looking discussion about Bulgaria's potential as an outsourcing and off-shoring location," AmCham said in a follow-up statement Monday.

Honterus - 17 Nov 2010 // 20:10:29

Dr Faust:

"Moldova is indeed landlocked"

That's thanks to Stalin's "genius" to dismantle peoples and countries. He gave Budjak to Ukraine and "Transdnistria" to the Moldovan SSR. Or rather the other way around, because "Moldovan SSR" was created in 1924 solely on Transdnistria as a reminder of Russia's claim on Bessarabia.

Once ( on the XV-th century ) Moldova had a small comercial fleet harboured in Dniester's estuary - the "blue "finger" pointing towards the Moldovan border " as A. Nother put it. At that time the Russian border was about as far from Moldova as it is now.

However Moldova has a naval terminal on the Danube at Giurgiulesti. Moldova's opening on the Danube has some 500 meters. For that they had to exchange some land with the Ukraine...

DrFaust - 17 Nov 2010 // 07:08:10


Moldova is indeed landlocked, but the article refers to the 'Black Sea Region'. Moldova is a member of all relevant Black Sea Region organizations and there is no doubt that it is part of that region even when it doesn't directly border the Black Sea.

DrFaust - 17 Nov 2010 // 06:55:49


they have already the 'Bulgarian FBI', the 'Bulgarian Louvre', the 'New Jerusalem' - why shouldn't they have also the 'Bulgarian Silicon Valley'? LOL

A.Nother - 16 Nov 2010 // 14:40:17


>>> Is Odessa aware of this development ??? ;-)

Probably not, but bloody Google Maps should make that a bit clearer else someone might start WW3 down there!,30.388184&spn=11.394092,19.753418&t=h&z=6

You see that little blue "finger" pointing towards the Moldovan border - just under the O of Odessa on that link? I took that to be a part of the Black Sea. Of course zooming in it becomes clear it is not... my bad.

BULERICAN - 16 Nov 2010 // 13:04:33


Agree with your commentary.

However when did the southwestern portion of the Ukraine sink into the sea allowing Moldova to be a Black Sea country >>> Is Odessa aware of this development ??? ;-)

A.Nother - 16 Nov 2010 // 11:47:11

First of all they are not saying Balkan, they are saying Balck Sea. Now a guick check on Google Maps shows the competition in that region to be:

- Romania (fair enough, but they are more industrial than IT I believe)
- Moldova (nuff said)
- Ukraine
- Russia
- Georgia
- Turkey

Of these only Russia and Ukraine are serious IT outsourcing destinations. And neither are politically anywhere near as stable as Bulgaria, which hardly has stable politics itself. On top which BG is in the EU, which counts for a lot.

In fact MANY big IT companies (and even more smaller ones) have made Sofia there regional support and development center. The number of foreign language (eg German, French, Swedish) IT support jobs advertised in Sofia is significant.

So don't diss this idea too much. BG is strong in IT.

Now, as for the matter of a "Silicon Valley of the Black Sea". Well if there is to be such a thing BG might well be it. But lets face it, none of the countries around the Black Sea have policies and administration that are particularaly supportive of IT startups and entrepreneurship. So the joke for me is not Bulgaria, but the very concept of a "Black Sea Silicone Valley".

Outsourced IT support does not a Silicon Valley make!

Buddy - 16 Nov 2010 // 11:40:35

Wow. Who ever writes those rows does not know obviously that Bulgaria has been indeed already silicon valley, but people like the recent EU ambassador to Georgia, his gang, Zhelyu Zhelev, Mr 10 percent and pretty many, many others r destroyed it. Know it will be difficult, but probably an good orientation to open doors for new things... Why repeat something like Silicon Valley..... The guys ruling the country should start thinking to develop something new---- which later will again come into science and History Books as the rebirth of the Thracian, Sofia or the Danube valleys of Bulgaria... There are so many revolutionary things going on including in the field of energy where Bulgarian scientist have always been in the forefront... so lets hope.....

pk - 16 Nov 2010 // 06:42:35

They must be joking...

Borislav Stefanov left out the ONLY reason why Foreign companies open up here:

The humilating low & cheap salary they offer their employee's!!!

dianneh - 15 Nov 2010 // 22:34:21

Do these people who come out with this shit say this stuff because they really believe it or is it just to make themselves look important. Bulgaria has as much chance of becoming the Balkan Silicone Valley as they do of winning the next (or any) world cup.

Its getting rather tiresome all this misinformation, false hope, and pure crap. Who are they trying to convince, themselves ?

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