Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

FT: Bulgaria Bulgaria is the world's ninth "most preferred" outsourcing destination
FT: BULGARIA BULGARIA IS THE WORLD'S NINTH "MOST PREFERRED" OUTSOURCING DESTINATION
Date: 06/06/2015
Source: www.standartnews.com
FT: Bulgaria Bulgaria is the world's ninth

Bulgaria's second largest city Plovdiv is an example of the country's thriving outsourcing industry, accounting for almost 4 per cent of GDP, according to the Bulgarian Outsourcing Association (BOA). Bulgaria is the world's ninth "most preferred" outsourcing destination in consultancy A T Kearney's 2014 Global Services Location Index, The Financial Times reports.

Fluency in languages and traditions in software development and programming are a draw, while macroeconomic stability and a currency pegged to the euro add to the country's appeal. Outsourcing employees' wages are low compared with western Europe, but allow a better quality of life than most sectors.

Investors have been attracted to the Plovdiv area in part by the Trakia Economic Zone (TEZ), a public-private partnership comprising six industrial zones clustered in and around the city. Companies are enticed by comprehensive infrastructure and fast-track procedures. TEZ is Bulgaria's first such area to receive focused state support, which allows even small municipalities to apply for project funding from the national budget or EU programmes.

Investment into TEZ projects has topped Ђ1bn since its zones started to grow in the 1990s, with another Ђ800m expected in the next 10 years.

"We're conservative in these estimates, the interest is steadily growing," says Plamen Panchev, TEZ managing director and chairman of construction group Sienit Holding, which played an important role in creating the TEZ.

More than 100 investors, most from Europe, have been drawn by business-friendly legislation, low labour costs and the 10 per cent flat tax that Bulgaria offers foreign companies. Among them are ABB, the Switzerland-headquartered power and automation group, and German supermarket group Kaufland.



Topic: Business



Featured District
SOFIA DISTRICT DISTRICT AND CITY INFORMATIONSofia District
Invest Bulgaria Charts
Exchange Rate Lev Against the US Dollar
Exchange Rate Lev Against the US Dollar

See all charts
Did You Know?
Bulgarian Yogurt
Bulgarian Yogurt
The Bulgarian yogurt is extremely popular in Japan ... More

Bulgaria has a culture and tradition dating back for 1300 years. Bulgarians are proud of their heritage and feel that it rightfully deserves its place in the diversity of European cultures. Bulgaria has rich and unique folklore - distinctive music and dances, rituals and tales.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works, creators of Uudet Nettikasinot 2019, 最新カジノ and Svenska Casinon. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members