Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
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)
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)

Bulgaria's Outsourcing Market Number 1 in Europe
Date: 11/11/2010
Bulgaria's Outsourcing Market Number 1 in Europe

The outsourcing market in Bulgaria is currently estimated at EUR 100 M to EUR 150 M a year, but has the potential to go up over 10 times, according to Economy and Energy Minister, Traicho Traikov.

Traikov spoke Thursday during a conference titled "Bulgaria on the World Outsourcing and Offshore Map," at the Sheraton hotel in downtown Sofia. The event was organized by the American Chamber of Commerce in Bulgaria, the Bulgarian Investment Agency and Colliers International, gathering over 300 politicians, experts, local and international businessmen.

"Outsourcing is literally export of production; the concept of taking internal functions of a company and giving them for execution to an external company. Offshore is the moving of production and services to countries with lower labor cost and/or better investment and tax climate, Traikov explained.

The Minister announced Bulgaria ranks 1st in Europe and 13th in the world by outsourcing, citing a March research of the international research agency "ATKearney."

Traikov pointed out as main factors the country's location, qualified work force, quality education and low taxes, adding encouraging the outsourcing market is key for attracting foreign investors.

The Minister gave as example his own institution studying opportunities to give the activities related to the management of the "Competitiveness" operational program to an outside business.

"Every time I notice someone not doing their work, I tell them we will pay someone else to do it, and it is always effective," Traikov joked.

Topic: Business

Featured District
Invest Bulgaria Charts
Gross Domestic Product of Bulgaria per Capita
Gross Domestic Product of Bulgaria per Capita

Domestic Credit of Bulgaria
Domestic Credit of Bulgaria

See all charts
Did You Know?
American University in Bulgaria
American University in Bulgaria
The average SAT score at the American University in Bulgaria is 1280 points! ... More

The town of Targovishte is a regional and municipal center in the south-east of Bulgaria. It is situated in the fertile and picturesque Danube plain. It is more and more developing as a tourist centre.

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

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2020 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.

SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members