Bulgarian Govt Expects Major Outsourcing, Offshoring Investments

Bulgarian Govt Expects Major Outsourcing, Offshoring Investments

Some seven or eight new foreign companies have declared interest in starting outsourcing and offshoring operations in Bulgaria, according to Borislav Stefanov, head of the InvestBulgaria Agency.

Speaking at a conference on outsourcing in Sofia Wednesday, Stefanov cited data from a survey carried out by the McKinsey consultancy, which showed that in the past two years the number of people employed in the outsourcing sector in Central and Eastern Europe grew from 220 000 to 250 000.

Bulgaria's outsourcing sector itself registered one of the highest growths in the region in terms of employee numbers even though the absolute figures are not that big - from about 8 000 two years ago to about 12-13 000 at present. According to Stefanov, these figures indicate that Bulgaria has a substantial potential to attract more outsourcing investments.

In his words, outsourcing is one of the seven sectors of the Bulgarian economy which harbor the greatest potential to attract foreign direct investment, according to a recent analysis of the InvestBulgaria Agency.

He said Bulgaria performs very well on the three key criteria for the outsourcing sector; namely, it has good financial stability, good economic and financial conditions, and its business environment is comparable to that of Central Europe and better than in many Asian countries.

Stefanov pointed out that Bulgaria suffers from a lack of good image not just with respect to the outsourcing industries but in all economic sectors and stressed that the Agency is working on a series of projects to promote the country as an investment destination.

While the capital Sofia at present attracts almost all of the outsourcing investment projects in Bulgaria, Experts have believe that smaller cities like Plovdiv, Ruse, Varna, Burgas, and Blagoevgrad harbor much untapped potential. /Source: Sofia News Agency/

Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.