Bulgaria is the most attractive IT outsourcing destination in Europe!


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The original article can be read here.

Bulgaria has one of the lowest government debt as % of the GDP in EU:

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and when you add to this the skilled labor and the low taxes (10% flat company profit tax and 10% personal income tax) you can guess why Bulgaria becomes popular destination for outsourcing IT services🙂

8 Comments (+add yours?)

  1. Bobby
    Jul 21, 2015 @ 19:02:18

    Reply

  2. anonima
    Jul 22, 2015 @ 02:21:46

    How many cost an office/lab?

    Reply

  3. moorray
    Jul 22, 2015 @ 12:27:40

    I wonder what’s people’s opinion about being an outsourcing centre. IMHO is not that good. I’m from Poland, we have a lot of outsourcing going on, financial and IT. IT personnel earns around 2.5 times what normal workers with similar qualifications earn (it was a bit shocking to see that the salaries in the west are “normal” for IT crowd). Such high wages make it very hard for smaller and local companies to compete in the labour market. At the same time the jobs which are outsourced are usually not that interesting – often testing what was written abroad. The fact that higher management stuff is usually off-site cripples innovation and breaks the normal worker-manager relations. I think letting outsourcing firms rule the market is a quick way forward but may be short sighted. In Poland we have a terrible shortage of proper business people, working for local companies is usually pain. Maybe once we have proper entrepreneurs in our countries the outsourcing will die out…

    Reply

    • OLIMEX Ltd
      Jul 22, 2015 @ 14:51:46

      Indeed having more financial powerful companies on the market forces local companies to be competitive, for instance when HP opened office in Sofia they wanted to employ immediately 1000 people and soon they employeed 2300 more, you can imagine these people didn’t came from nowhere they offered better salries and stealed them from other companies working in Sofia.
      And it’s not only HP, in Sofia are vmWare, SAP, you name it. This opened possibilities for enterpreneurs like Nakov who created SoftUni and teaching thousands of students alone with few collecues successfully competing the old Universities, so overall to have lot of competition hurts, but makes the companies who survive more healthy and strong. Telerik is 100% Bulgarian company who grow up for few years to thousands of developers and was sold to US company for $262 Millions, (to compare this the Bulgarian Telecomunication Company with 100 years of history and properties (Post buildings) in the center of every city in Bulgaria was sold for $100 Millions) not bad achievement from few youngsters huh?

      Reply

  4. Max “Bert” Lisitsyn
    Jul 28, 2015 @ 14:58:17

    Хай живе България!

    I’d like to live there

    Reply

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