Summary:After the fall of communism, many of Bulgaria's IT experts left the country and headed to Western Europe. Today, a new breed of ...
Share of GDP
- A threefold increase of the share of GDP
- One of the fastest growing sectors of the economy
Source: Basscom, (f) - forecast
Hundreds of small software companies do contract programming for some of the biggest customers in the world, including Boeing, BMW, Nortel, Toyota, Maserati etc. Other giants, such as SAP and Computer sciences have local labs in Sofia.
The third annual survey of Saïd Business School, Oxford University, looks at the quality of broadband in 72 countries and 239 cities. Bulgaria is among the 14 of them prepared for the Internet "applications of tomorrow" such as Internet TV with high definition and communication services with high quality video (consumer telepresence), etc.
The IT sector is concentrated in Sofia, but other big cities also represent outsourcing destinations for foreign companies or branches of Bulgarian ones.
A recent study shows that Bulgaria ranks 25 the world in terms of fastest internet connection (download speed Mbps)
- Due to business specifics there is no “grey” part of the software sector
- The amount of taxes paid has the potential to double within the next five years.
There are strong Non-governmental organizations in the sector:
(Bulgarian association of software companies) is the industry association of leading Bulgarian software development companies. It was established in 2001 and to date has more than 50 members. http://www.basscom.org/
One of the core centers of cluster knowledge in Bulgaria. It is a member of several European cluster platforms and networks and maintains relationship with many European and world clusters. http://www.ictalent.org/
Activities are directed to the benefit and defense of legal entities and natural bodies, working on design, arrangement, organization, realization and hosting of Internet sites, web design and Internet advertisement. http://www.bwa.bg/
Bulgarian association of information technologies was established in 1995 and to date has nearly 100 members. http://www.bait.bg/
Bulgaria hosts a number of world IT leaders:
Bulgaria is one of the few locations of SAP Labs worldwide
Visteon Sofia Technical Center is the second largest development center of the company.
The largest Global Development Center for VMware in the EMEA region and the 3rd largest R&D site for VMware globally.
Bulgaria is one of the few locations worldwide for CISCO’s software development core activities. The Sofia center provides hot-line support for Cisco for entire Europe through Sutherland’s Bulgarian site.