Bulgaria is one of the four countries included in the Offshoring Destination of the Year category of the shortlist for the 2015 annual awards of the National Outsourcing Association (NOA).

Bulgaria’s rivals in the category are Slovakia, South Africa, and Sri Lanka.

Winners will be announced on November 19, 2015 at the Landmark Hotel, London, according to the website of the NOA.

The National Outsourcing Association Awards (NOAAs) now in its twelfth year recognises and celebrates the efforts of companies who have demonstrated best-practice in outsourcing.

In 2014 consulting firm AT Kearney ranked Bulgaria in the world in its list of the most attractive outsourcing destinations, according to reports of money.bg.

Bulgaria was the only country in Europe to make it into in the Top 10 in the 2014 Global Services Location Index of AT Kearney, with only five countries from Europe among the top 20.

Stefan Bumov, Chair of the Bulgarian Outsourcing Association, commented that Bulgaria had been recognized as one of the countries with the best potential for developing the outsourcing industry for a second year in a row.

He suggested that the prestigious nomination indicated a high appraisal of the achievements of the sector against the backdrop of a highly competitor market such as that of outsourcing in Central and Eastern Europe.

Bumov underscored that the outsourcing sector in Bulgaria was facing favorable prospects and registering growth.