Bulgarian Association of Software Cos Says Members' Sales Rise 6.0% in 2011

Bulgarian Association of Software Cos Says Members' Sales Rise 6.0% in 2011

The Bulgarian Association of Software Companies, BASSCOM, said the sales of its 40 members rose 6.0% last year after posting an increase of 12% in 2010.

The sales volume stood at around 240 million levs ($158.3 million/122.7 million euro) in 2011, BASSCOM managing board chairman Georgi Brashnarov told a press conference in Sofia on Tuesday.

Brashnarov announced the findings of a survey of BASSCOM members which indicates half of them expect sales growth of 10% in 2012, while one in every five companies is forecasting an increase of between 10% and 25%.

The gross monthly salary at BASSCOM member companies rose by 9.0% compared to 2010 to 2,388 levs. The nationwide average monthly salary in Bulgaria stood at 755 levs in June, according to the National Statistics Institute.

Despite the relatively high salaries, the biggest challenge that software companies face in Bulgaria is shortage of qualified staff, BASSCOM said.

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