Send to KindleThe number of people working in the outsourcing industry in Bulgaria will treble by 2017, according to members of the newly established Bulgarian Outsourcing Association.
The outsourcing sector currently employs about 12 000 to 15 000 people and international experts expect that Bulgaria will return to the top 10 of the most attractive outsourcing destinations in the world, as it was in 2006 – 2007.
In a Tuesday briefing of the Bulgarian Outsourcing Association, Stefan Bumov, Chair of the entity, made clear that Bulgaria was the top destination for outsourcing services in Central and Eastern Europe, ranking 17th on a global scale.
"It is particularly interesting that the industry generates a double-digit growth amid crisis, with Bulgaria registering a 12% uptick," he explained.
"However, only 12% of the students who graduate in Bulgaria every year can work in the outsourcing industry, compared to 27% in Poland," Bumov pointed out.
Stressing that the outsourcing industry was mostly concentrated in Sofia, he explained that the newly established Association aimed to persuade companies to opt for other Bulgarian cities with sufficient highly qualified workers.
Borislav Stefanov, CEO of the InvestBulgaria Agency, also participated in the meeting on Tuesday.
He spoke about the new legal provisions concerning foreign investments and "the most important indicator measuring results in the sector – quality jobs."
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
For the last fifty years or so, offshore services have affirmed South East Asia’s rightful position on the global stage. With Pakistan trailing behind, India supplied about half of the total call center and BPO services to North America and Europe. Nevert
Over 67 300 Bulgarians work in the outsourcing sector, which forms 2.
About 20,000 professionals are needed for the outsourcing industry.
Foreign direct investment into Bulgaria from January to November 2016 was nearly half the value of the first 11 months of 2015, the Bulgarian National Bank has said.
Estimates of a brisk fall in the value of foreign direct investment (FDI) into Bulgaria are "not quite correct", Stamen Yanev, who heads the country's investment promotion agency, has said.
Plovdiv is the host of the third edition of the business forum Outsourcing Destination Bulgaria.
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
Bansko, Bulgaria's premier mountain resort, experienced a surge in winter tourism, with more than 190,000 visitors flocking to its slopes during the season
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023
As Bulgaria inches closer to potential entry into the Eurozone, a closer examination of the nation's banknote circulation provides valuable insights into its monetary landscape
Vasil Velev, Chair of the Bulgarian Industrial Capital Association (BICA), delivered a stark assessment of the European Union's (EU) economic performance, highlighting concerns over its lackluster growth compared to global counterparts
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
